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Hahu Daily Business News

African Development Bank President commends Ethiopia for its economic performance and key role to reduce fragility

African Development Bank President Akinwumi Adesina commended the Government of Ethiopia for its macro-economic performance and its support to reduce fragility on the continent. His remarks were delivered on Tuesday, November 24 in Addis Ababa as he concluded a two-day visit in the country to reinforce cooperation with the African …

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Saudi investors say Ethiopian govt officials ‘robbed’ them

RIYADH: Saudi investors have accused some Ethiopian government officials of robbing them of their land and equipment. Mohammed Al-Shehri, who leads a body of investors in the African country, claimed that certain Ethiopian officials falsely accused him and others of criminal activities so that they could confiscate their property.

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New Ethiopia-Djibouti railway line begins service

A new railyway line linking Ethiopia and Djibouti has begun carrying wheat from the Port of Djibouti to Adama town as of Friday 20 November.Additional wheat, which the government of Ethiopia had bought for people affected by the El Nino-driven drought, has reached Port Djibouti. The Ethio-Djibouti railway project, linking …

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Dangote Expands With $450m Investment

Dangote Cement is to invest 450 million dollars to double its current production capacity to five million metric tonnes a year. The company has already received a 36ha of plot of land from Oromia State, near the factory’s site in Mugher, Adebern Wereda. The company requested the land from Oromia …

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