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| INSIDE ETHIOPIA - BUSINESS NEWS, VIEWS, ANALYSIS, INTERVIEW |
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NOKIA TO INVEST IN ETHIOPIA |
 Nokia, one of the largest phone makers, is planning to invest in Ethiopia within the coming six to twelve months, Brad Brockhaug, head of sales for Nokia in Africa, said.
He said that the company was considering opening a manufacturing plant in Ethiopia in the long run. Nokia's short term investment focus is working with local offices, agencies and distributors. The company is also preparing to connect the Ethiopian market directly with Finland where the company's headquarters is. "This is what we intend to do for now," Brockhaug said.
Brockhaug was here this week to find out how to carry out the investment in collaboration with partners and distributors to facilitate bringing Nokia devices directly from Finland instead of from other countries around the world.
He said that the purpose of his visit was also to speak with the Ethio Telecom about providing better service for the consumer. Prior to the transfer of management to the Ethio Telecom, Ethiopian Telecommunications Corporation's mobile operation had selected Nokia to supply and deploy GSM network equipment, including the Nokia Connect GSM solution for optimized network coverage in a deal valued at 48 million dollars. [NewsDire]
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| CHINESE CONTRACTOR WINS WEGAGEN HQ |
 Wegagen Bank is set to build its own office complex having sealed an agreement with a Chinese construction firm.
Awash International Bank recently inaugurated its office complex and Dashen Bank is now constructing its own complex in front of the National Bank of Ethiopia.......... FULL STORY |
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| HUAWEI EYES ETHIOPIAN TELECOM MARKET |
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 World’s second largest Chinese telecom solutions provider, Huawei, eyes Ethiopian market to provide its 3rd and 4th generation mobile service technologies, the company official said.
Robert Chen Huawei Ethiopia Public Relations Manager told newbusinessethiopia.com ........ FULL STORY |
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| SHIPPING LINES NETS 661M BR |
 The Ethiopian Shipping Lines (ESL) registered a net profit of 661.5 million Br exceeding its projection for the 2010/11 fiscal year by nine per cent.
During the last quarter of the 2009/10 fiscal year alone, it made an unprecedented profit of 641.3 million Br, which is 154pc of its projection for that ....... FULL STORY
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| MIDROC REQUESTS ADDITIONAL PLOT FOR AU HOTEL PROJECT |
 MIDROC Ethiopia Project Office (MEPO) has requested the Addis Ababa City Administration for an additional 17,000 sq.m. plot of land for the AU five-star hotel project it is undertaking near the headquarters of the Union. The request indicated that the current site of the project does not ...... FULL STORY |
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| CEMENT FACTORIES TEAM UP ON COAL PURCHASES |
 Following the government directive for cement factories to first use pet coke, and later coal, as alternative sources of energy, Messebo Cement Factory and National Cement SC have jointly imported 41,000tn of coal, at a cost of around 7.6 million dollars from South Africa. ....... FULL STORY |
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| NOKIA TO INVEST IN ETHIOPIA |
 Nokia, one of the largest phone makers, is planning to invest in Ethiopia within the coming six to twelve months, Brad Brockhaug, head of sales for Nokia in Africa, said.
He said that the company was considering opening a manufacturing plant in Ethiopia in the long run. Nokia's short term investment ........ FULL STORY |
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Heineken has acquired two Ethiopian breweries, Bedele and Harar, from the government of the Federal Democratic Republic of Ethiopia for a total of $163m in a public auction for the two breweries.
The Dutch brewing giant has bought the Bedele brewery for $85m and the Harar for $78m, ......... 