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Ethiopia Invites East African Investors to Invest in Ethiopia

Ethiopian Prime Minister Hailemariam Desalegn invited investors in East Africa to utilize suitable investment opportunities in Ethiopia. The premier extended the invitation during a discussion held in Nairobi with investor from East African countries.

Hailemariam invited investors to engage in priority sectors of of Ethiopia such as, manufacturing, textile, leather industry and horticulture. He said both the investors and the nation would benefit from investing in those sectors. Add a comment Add a comment

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MWH Global Opned Office in Ethiopia

The Colorado-based MWH Global, an engineering, construction, and management company has  opened an office in Addis Ababa, Ethiopia, which the company said will serve as a center for its construction, engineering and administrative staff in Africa. MWH Global has been involved  in Ethiopian hydro-power projects since the 1970s.

The State owned utility company, Ethiopia Electric Power Company (EEPco) selected MWH Global as owner's engineers for the 300-MW Tekeze hydroelectric power station in 1998, and the company more recently provided similar services for the 254-MW Genale-Dawa Multipurpose Hydro-power Project.

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CORRECTED-REFILE-Microsoft Planning to Set Up App Factory in Ethiopia

(In paragraph 1, corrects Microsoft intends to open application factory not manufacturing plant)

Microsoft, American multinational software corporation, through its African Initiative Program has started setting up application factories across Africa. Ethiopia is also one of the countries where Microsoft is planning to set up application factory for developers through which they can create Windows applications for the Windows 8 or Windows Phone platform.

During the 11th Innovation Africa Digital Summit held the past week in Ethiopia which saw the attendance of some 500 participants form the information communication technology industry, Microsoft has also presented its Africa initiative programs.

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SouthWest Energy Planning to Start Drilling Wells

SouthWest Energy is planning to drill three wells in this year and in 2014 in its Jijiga basin concession on Ethiopia's border with Somalia. The company holds a total of 46,000 square kilometers of exploration acreage.

Tewodros Ashenafi, CEO of SouthWest Energy, a native of Ethiopia and the biggest shareholder in the company,  hopes his Ethiopian exploration will become the first indigenous company to make a basin-opening discovery in sub-Saharan Africa's 21st Century oil and gas boom.

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