A memorandum of understanding (MoU) is signed between the Ethiopian Ministry of Water, Irrigation, and Electricity and Xylem, a leading U.S. company in developing and implementing innovative water solutions through smart technology.
Through this MOU, Xylem will explore how its unique set of skills and technologies can be used to help Ethiopia address its water challenges.
Speaking at the event, US Senior Commercial Officer Chris Wilken said, “As Ethiopia’s strongest bilateral partner for development, the United States knows how critical the management of Ethiopia’s water resources is for the country’s future. Water cuts across nearly every aspect of U.S. development support, underscoring investments in the health and well-being of Ethiopians by ensuring them access to safe, clean water. Used for drinking, hygiene, and health care, water is also needed to irrigate crops, feed livestock and develop renewable energy. Scarce water supplies can become potential sources of conflict around the world.”
Xylem Inc., incorporated on May 4, 2011, is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment. The Company has three business segments: Water Infrastructure, Applied Water and Sensus. The Company's portfolio of solutions addresses customer needs across the water cycle, from the delivery and use of drinking water to the collection and treatment of wastewater to the return of water to the environment. The Company's applications in the areas of water equipment industry include transport, treatment, test, building services, industrial processing and irrigation. The Company sells its products in various countries through a distribution network consisting of direct sales force and independent channel partners.
Source: US Emabssy in Ethiopia’s Official Website and Reuters (https://www.reuters.com/finance/stocks/company-profile/XYL)
