Ethiopian News



Al Amoudi Plans to Double Sales From Ethiopia Coffee

Horizon Plantations Ethiopia Plc, majority-owned by Saudi billionaire Mohamed al-Amoudi, plans to almost double annual revenue at coffee projects within three years as part of a $500 million agricultural investment program. The company will spend $25 million to train workers, improve roads and replace washing units at the Limmu and Bebeka coffee plantations, which together have over 18,000 hectares (44,479 acres) under coffee, General Operations Director Kemal Mohammed said in a Sept. 17 interview in Addis Ababa, Ethiopia’s capital. The development is part of a five-year investment program in al-Amoudi’s agriculture projects, which...



Ethiopia Kenya and Somalia agree on mega projects on River Dawa

Kenya, Ethiopia and Somalia have agreed to construct a multipurpose dam and a hydro power station on River Dawa in Mandera County, which is aimed at harnessing and promoting sustainable use of the resource. The three countries also proposed construction of a bridge to link Kenya and Ethiopia on the river, which will promote cross-border movement across the seasonal river. The countries representatives who met at Sarova Panafric hotel in Nairobi during a three day meeting organized by IGAD also called for cooperation in the management and sustainable use of River Dawa.



Equatorial Guinea Selected to host 2015 African Nations Cup

Cairo, 14 November 2014 - The Head of State and President of the Republic of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo this Friday 14 November met with the President of CAF Issa Hayatou concerning the possibility for Equatorial Guinea to host the Africa Cup of Nations Orange 2015. Following fraternal and fruitful discussions, the Head of State of Equatorial Guinea has agreed to host the tournament from January 17 to February 8, 2015. Therefore, the Executive Committee of CAF confirms that the Orange Africa Cup of Nations 2015 will be held in Equatorial Guinea on the dates agreed, and the national team of Equatorial Guinea is qua...



Ethiopian Boeing Aircraft Turned Into a Restaurant

Ethiopian Airlines-owned property - a Boeing 737 aircraft - has been sold and turned into a hotel and restaurant business here. Guttama Gutta, the owner of the new aircraft hotel, told The Reporter that he invested some 30 million birr for the purchasing, refurbishing and decoration of the aircraft, which is now located in the town of Burayu, some 15 km west of the capital. Guttama said that he made the investment in the hope of creating a type of recreational center in Burayu. The construction and installation of the aircraft, and having it ready for catering services, took two years, Guttama said. When asked why he wanted to s...



CAF acknowledges Moroccos refusal to host ORANGE AFCON 2015

At its meeting on 11th November 2014 in Cairo, the Executive Committee of the Confederation of African Football (CAF) has taken note of the response of the Minister of Youth and Sports of the Kingdom of Morocco in a letter dated 8 November 2014 requesting the postponement of the Orange Africa Cup of Nations in 2015. This response clearly indicates that the Royal Moroccan Football Federation reiterated its refusal to hold the competition on the dates indicated (January 17-February 8, 2015). Therefore, having firmly and unanimously notified on 3 November its decision to keep the competition on the dates indicated, the Executive Commi...



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