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MIDROC Ethiopia was established in 1994. In 2011 it made a profit of 1.3bn birr (US$70m). [4]MIDROC has major gold mining interests in Ethiopia [5] [6] and it is reported that MIDROC Gold Mine (a subsidiary of MIDROC Ethiopia) has paid the Ethiopian Government 100.1 million birr in royalties, the largest contribution of any mining company. [7]
Parent company Year established/operation Ref Derba MIDROC Cement: MIDROC: 2012 [1] Habesha Cement: Habesha Cement S.C. 2008 [2] Lemi National Cement Factory: West China Cement East African Holding Company 2024 [3] [4] Messebo Cement Factory: Endowment Fund for the Rehabilitation of Tigray: 1997 [5] Mugher Cement Enterprise: Ethiopian ...
The mine was privatised in 1997, and as of 2011 is owned by MIDROC, a company owned by Ethiopian-Saudi billionaire Mohammed Hussein Al Amoudi. MIDROC is Ethiopia's sole gold exporter. [3] Environmental conflict in Ethiopia contributes to political instability and ethnic violence in the country.
The Sheraton Addis is the only hotel in Ethiopia to have a water treatment plant using an ultra-violet water sterilization system, which ensures sterilization and bacteria free purification of water. It has a number of generators, meaning that the hotel is never affected by the power cuts and load shedding that plague Addis Ababa.
Trans Nation Airways (officially Trans Nation Airways Pvt. Ltd. Co.) is a charter airline based in Addis Ababa, Ethiopia.It was established in 2004, following receipt of a Business Operating Certificate from the Ministry of Trade and an Air Operator Certificate from the Ethiopian Civil Aviation Authority.
Location of Ethiopia. Ethiopia is a country located in the Horn of Africa. According to the IMF, Ethiopia was one of the fastest-growing economies in the world, registering over 10% economic growth from 2004 through 2009. [1] It was the fastest-growing non-oil-dependent African economy in the years 2007 and 2008. [2]