Ethiopia: Private Airliners Requested for Second Airport in Addis
Private airlines that operate in the capital city of Ethiopia asked the Federal Government to construct an alternative airport for the purpose of handling small aircraft.
Ethiopia: Private Banks Made 4.6 Billion Birr Gross Profit
The 16 private banks operating in Ethiopia made an aggregate gross profit of 4.6 Billion Birr during the just ended fiscal year.
Ethiopia: Private Energy Firm Waiting for License
Local off-grid private energy company known by the name Ethio Resource Group (ERG) wrapping up licensing requirements with Ethiopian Energy Authority (EEA), to provide 9.5 kilowatt electric power.
Ethiopia: Private Investment to Be Allowed in Multimodal Transportation
Ethiopian Government is considering to let private investment in the multimodal (land, sea or road) transportation services.
Ethiopia: Private Investors allowed to Invest in Electric Power without any Limitations
The Water, Irrigation and Electricity Minister announced that private investors could invest in electric power without any limitations. When announcing the news at the opening of Addis Power International Electric, Electronics & Lighting Exhibition last week, the minister of water, Irrigation and Electricity Seleshi Bekele (PhD), said “Ethiopia needs a sustainable and reliable energy source with an affordable price. …. The investment should also consider climate change and the green economy.”
The country is currently working on generating 9,000MW of power from the Grand Renaissance Dam and other sources. The government is also planning on adding 21 new projects with the capacity to produce 6000MW a year.
Source: Addis Fortune
