Toshiba Corporation disclosed it concluded a memorandum of understanding (MoU) with the Ethiopian Utility company, Ethiopian Electric Power (EEP), for a comprehensive partnership in geothermal power. The MoU stipulates EEP and Toshiba will collaborate in power generation
projects and personnel development.
Review of Ethiopia's Road Sector Development Program (RSDP) in the past 16 years has reveled, the total road network expansion of the country has reached 85,966km, The Reporter reported.
When the program was launched in 1997, Ethiopia's total road coverage standing at 26,550km.
Tourism sector of Ethiopia missed its target for the first 9 months of the current fiscal year by only generating 2.7 billion USD from 712,111 tourist.
Investment Office of Bahir Dar Town of Amhara Regional State said, it has licensed 87 investment projects with a combined capital of over 618.6 million Ethiopian birr during the first quarter of the current fiscal year, Ethiopian News Agency reported.
Investment license and registration expert with the office, Beteha Abebayehu said, the projects are in the areas of trade, construction, industry, service as well as hospitality and tourism sector.
Japanese solar panel manufacturer Toyo Solar has launched pilot production at its newly established facility in the Hawassa Special Economic Zone, following a USD 60 million investment in Ethiopia.
