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Ambo Mineral Water fully privatized

Ambo Mineral Water fully privatized

The government has transferred 33pc of its remaining shares in Ambo Mineral Water to Ambo International Holding Ltd for 19.7 million dollars. The deal was made between the company and the Ministry of Public Enterprises (MoPE) on December 15 at…

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Bole International Airport Expansion Project reaches 40%

Bole International Airport Expansion Project reaches 40%

The Addis Ababa Bole International Airport passenger terminal expansion project is 40 percent completed.

The Ethiopian Airports Enterprise (EAE) launched the expansion project in January 2015. The project includes the expansion of Terminal 1 and 2 and the construction of…

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Awash winery now fully owned by Blue Nile Investments

Awash winery now fully owned by Blue Nile Investments

The protracted privatization process of Awash Winery came to a conclusion after the Ministry of Public Enterprises (MPE) fully transferred shares to – Blue Nile Investment.

After several failed auctions, the winery was transferred to Blue Nile Investment in July…

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Gibe III was officially inaugurated

Prime Minister Hailemariam Desalegn has officially launched Gibe III hydropower project of the Ethiopian Electric Power.

“Attaining development plans without electricity will be difficult for the country,” the Prime Minister told stakeholders at the launch.

It was built by Salini…

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