By Luc van Kemenade NEW BUSINESS ETHIOPIA CONTRIBUTOR
With public purchasing power on the rise, Ethiopia’s small but emerging middle class yearns to cruise around Addis Ababa in style. 
Investement
Ethiopians Prefer Driving Home-grown Cars
Africa Oil Acquires 80 Percent of South Omo Block in Ethiopia
BY NEW BUSINESS ETHIOPIA REPORTER
Africa Oil Ethiopia B.V. ("AOEBV"), a wholly-owned subsidiary of Africa Oil, has acquired an 80% participating interest in, and operatorship of, the South Omo Block in Ethiopia.
Chinese Company Inaugurates Cement Factory in Ethiopia
BY NEW BUSINESS ETHIOPIA REPORTER
A Chinese company, Hung Shen, officially inaugurated yesterday (August 8, 2010) a cement factory, which has a production capacity of 2,000 tons of cement per day in Modjo, 83 kms south of Addis Ababa.Allana Potash Hires Tesla-IMC For Ethiopian Potash Project
BY NEW BUSINESS ETHIOPIA REPORTER
Allana Potash Corporation announced that it has engaged Tesla-IMC International Limited ("Tesla-IMC") to complete a down-hole and surface 2D seismic survey over the potash basin on its Ethiopian Potash Project.
Nyota Minerals Buys 80 Percent Share In Ethiopia
BY NEW BUSINESS ETHIOPIA REPORTER
Following approval received at shareholder meeting last week, Nyota Minerals Ltd. (NYO.AU) announced yesterday, June 14, 2010 that it acquires 80 percent interest in land package totaling over 4,500 km2 of highly prospective exploration site in Ethiopia.
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