ethiopia Car assembly plant Stories

Mobius Motors Kenya enters liquidation amid debt resolution
Lucy Mumbi  |  Aug 06, 2024

From August 9, 2024, the company will provide a list of creditors and proxy forms for review at Mobius Motors' office.

Ethiopia discovers 21.3 billion cubic metres of natural gas in Ogaden region
Amina Wako  |  Jun 17, 2024

This discovery adds to Ethiopia's existing oil and natural gas deposits found in six other locations across the country, including Mekele, Metema, Sou...

Ethiopia's stock market debut set for November as PM Abiy hails it a "game-changer"
Lucy Mumbi  |  Jun 10, 2024

Set to be launched in November 2024, the Ethiopian Securities Exchange (ESX) will be a major breakthrough drawing significant investors and funds.

Ethiopia: Somali Regional President Mustafe Omer opens first car assembly plant in Jigjiga City
Amina Wako  |  May 14, 2024

The plant, which cost 250 million Birr (Sh568.1 million), is the first of its kind in the region and can assemble 10 cars per day.

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