2merkato

A resolution passed by the United Nations Security Council to enact further sanctions on Iranian assets is expected to delay Ethiopia’s bid to export electricity to Sudan as the construction of substations and the supply of equipment had been awarded to Iran Power & Water Export of Equipment & Services Company in an international bid.

The Ethiopian Electric Power Corporation and IPWEESC had subsequently reached an agreement fro the completion of the project in 18 months, with a 41 million US dollar loan from the World Bank providing the financing and an ultimate aim of exporting 100MW of electricity to Sudan commencing in May 2012. 

(Rewrite, with corrections and clarifications)

Ethiopia’s long running dispute over who owns the patent for products made from teff seems to have moved a step closer on the right path. Teff is the ancient grain from which Ethiopia’s staple food, injera, is made.

The Ethiopian Ministry of Urban Development and Construction revealed the final draft of the urban housing policy and strategy.
The strategy proposes the increase of housing through eight modalities to solve housing shortage in urban areas.

The document was presented to regional and federal officials, members of the House of Representatives, private real estate developers and experts in the sector.

The government will play an important role in developing urban housing as it is to be the sole executor of five of the eight means of increasing available housing according to the housing policy.

Ursus SA, one of Poland’s biggest maker of agricultural equipments is to visit Ethiopia to explore investment opportunities.

“We want to invest in the country through joint venture with local investors to assemble agriculture machinery for the local and regional market,” said Krzysztof Sekula, Ursus deputy commercial director.

Ethiopia has received a donation of 250 ventilators and other critical care equipment from the US government, to help combat COVID-19.