The Ethiopian Electric Power Corporation (EEPCo) awarded a solar power project to U.S., based companies Global Trade and Development Consulting and Energy Ventures last week, Capital reported.
Alemayehu Tegenu, Minister of Water, Irrigation and Energy, told Capital that the project will be launched before the end of the Growth and Transformation Plan (GTP) period in the coming fiscal year.
Add a comment Add a comment
Wegagen Bank reported a 449.6 million birr profit before tax in the 2012/13 fiscal year, Capital reported.The bank's net profit after tax stood at 340 million birr, a 1.3 percent growth over the previous fiscal year.
According to the bank’s statement released at its general assembly meeting on November 5, the total deposit mobilization has reached 7.5 billion birr, and total assets of the bank stood at 10.3 billion birr.
Add a comment Add a commentThe Ethiopian Roads Authority (ERA) announced the launch of the 20km Harar-Jijiga road construction project, Fortune reported.
The project, awarded to Gemshu Beyene Construction PLC – a grade one contractor local contract for 360 million Ethiopian birr, launched on Tuesday, November 5, 2013. Core Consulting Engineers PLC is consulting the Ethiopian Roads Authority (ERA) on the project.
Add a comment Add a comment
Construction works of the Addis-Adama expressway has reached 82 percent and will be fully completed in April 2014, Fortune reported.
The expressway is designed to relieve the heavy traffic congestion in the route. After the opening of the expressway, travel time between the two cities will only take 40 minutes from the current two hours.
Add a comment Add a comment
The Ethiopian Civil Aviation Authority (ECAA) and the Nigerian Federal Ministry of Aviation signed a memorandum of understanding (MoU) to increase the number of flights between the two countries, Fortune reported.
The MoU which was signed on November 6, 2013, outlines an increase of weekly flights from Ethiopia to Nigeria, from the current 18 to 31.
Add a comment Add a comment
