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METEC (acronym for Metals and Engineering Corporation) is an Ethiopian arms and machinery industry founded in 2010. [2] It is the state largest military industrial complex, responsible for the production of military equipment and civilian products. METEC works with foreign companies such as Alstom from France, and Spire Corporation from America ...
In 1975 the Derg nationalized more than 100 industries and took partial control of some of them. The main characteristics of the manufacturing sector inherited by the revolution included: a predominance of foreign ownership and foreign managerial, professional, and technical staffing; great emphasis on light industries; inward orientation and relatively high tariffs; capital-intensiveness ...
About 60% Ethiopian labor population deployed to cash crop farming sector, which include spices, coffee, tea, cut flowers, honey, cotton, wheat, oilseeds, khat, beeswax, vegetables, fruits and pulses. The high-value oil seeds cultivated in Ethiopia for exports accounted $446 million while fruits and vegetables accounted $538 million in 2017. [1]
ADDIS ABABA (Reuters) -Ethiopia's military has pushed local militiamen out of two major towns in the Amhara region, residents said on Wednesday, in its first major battlefield breakthroughs since ...
Ethiopian Herald [1] Addis Ababa: 1943 Ethiopian Press Agency (government) English Ethiopian Gazette [3] Toronto: 2018 AMG Brands Network English ethiopiangazette.com: Feteh: 2008–2012 [4] closed; chief editor Temesgen Desalegn arrested [5] The Reporter (Ethiopian Reporter) [6] Addis Ababa: 1995 [7] Media Communications Centre Amharic ...
The Hawassa Industrial Park, inaugurated on 13 July 2016, [3] is a government-funded project in Ethiopia, specializing in the textile and garment industry. [4] [5] During the opening ceremony, Prime Minister Hailemariam Desalegn described the industrial park as an important step towards Ethiopia's goal of becoming a leading manufacturing hub in Africa. [6]
The 1975 nationalization of major industries scared off foreign private investment. Private direct investment, according to the National Bank of Ethiopia, declined from 65 million birr in 1974 to 12 million in 1977. As compensation negotiations between the Ethiopian government and foreign nationals dragged on, foreign investment virtually ceased.
Eritrean authorities have suspended all flights by Ethiopian Airlines to the East African nation effective Sept. 30, the airline said on Wednesday. Flights from Ethiopia to Eritrea had resumed in ...