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Iceland's Reykjavík Geothermal colse to reach deal with EEPCo

Iceland's Reykjavík Geothermal is close to reach a deal with the state owned utility company, Ethiopian Electric Power Corporation (EEPCo) for a power purchasing agreement (PPA). EEPCo's previous negotiations with foreign and domestic companies for a power purchasing agreement (PPA) were not fruitful as asking price quoted by the companies was high. 

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Ethiopian Airlines to Launch Flights to South Eastern Nigeria

Ethiopian Airlines is planning to begin flights to the South Eastern Nigeria city of Enugu. The airline will begin offering flights to this destination as part of its plans to increase its destinations to Africa’s most populous country.

The airline has plans to fly to a range of destinations in Nigeria including to the Southern Central Port City Port Harcourt, Kano the largest city in Northern Nigeria as well as increasing the number of flights to the capital, Abuja according to Tewolde Gebremariam, Chief Executive of Ethiopian.

The airline wants to increase the number of flights to Abuja because the Abuja-Addis-Asia route and the Abuja-Addis-Dubai-Bangkok-China route are currently the best flight options for passengers flying to Nigeria he said.

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IGAD Countries Discuss Human Capital Development Strategy

The seven IGAD countries, Ethiopia, Djibouti, Somalia, South Sudan, Kenya, Sudan and Uganda sent more than 80 representatives to Djibouti for a consultation on the first Human Capital Development Strategy organized by the African Development Bank.

Human Capital Development is essential to safeguard the peace and security of the region and the continent noted Dileita Mohammed Dileita, Prime Minister of Djibouti.  It is also essential to consider employment opportunities for young people who are the future of the continent he said.

Young people should not be relegated to the sidelines in the decision making process on programs that affect their future said the Ugandan Assistant Commissioner for Youth and Children’s affairs. It is essential to revive the patriotism and engagement of young people he noted.

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Ethiopia Launches Climate Resilient Green Economy Facility

Ethiopia launched a Climate Resilient Green Economy Facility that is expected to equip the nation with a credible instrument meeting international fiduciary standard and requirements for Measuring, Reporting and Verification.

The launch presided by Ahmed Shide, State Minister for Finance and Economic Development was attended by government officials, developmental partners and UN agencies.

The facility is expected to support a strategic approach to climate policy and offer technical and financial support to issues related to climate change reducing the cost and duplication associated with a project centered approach said Ahmed.

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Ethiopian Commodity Exchange Authority to Open Branches in Regional Cities

The Ethiopian Commodity Exchange Authority is prepared to establish three branch offices in the regional cities of Gondar, Jimma and Harrar in the current fiscal year.

The branch offices will be in close proximity to warehouses in regional areas that are operated by the Ethiopian Commodity Exchange with the aim of assisting supervision by the management in Addis Ababa.

The plans to construct the three branches were developed in the previous financial year through a mandate given to the exchange as part of the proclamation that established the authority.

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