STREIT Vehicle Maker Shows Interest to Invest in Ethiopia
STREIT Group, the world’s leading, privately owned armored vehicles manufacturer in the world, is intersted in investing in Ethiopia, Ethiopian Investment Commission disclosed.
Study Agreement Signed with US Firm to Explore Ethiopia's Natural Gas Potential
The Ethiopian government signed an agreement with the US firm Netherland, Sewell & Associates, Inc. (NSAI) to explore Ethiopia's natural gas deposits and its economic potential.
Study Shows Ethiopia has Potential to Generate over 10,000 MW Geothermal Power
Ethiopia has a potential to generate over 10,000 MW from geothermal power, according to a study conducted by the Geological Survey of Ethiopia (GSE).
Sudan, Ethiopia Sign Power Line Contract
Sudan and Ethiopia have signed a 500 KW power lines contract on Wednesday, July 22, 2015, which allows Sudan to benefit from the Ethiopian Renaissance Dam.
Sugar Cane Plantations Under Development in Ethiopia
Sugar cane plantations are under development in Ethiopia on 6000 hectares of land in Southern Omo. The plantations are intended to serve the six Omo Kuraz Sugar factories.
The plantations are part of plans to cover 15 hectares ever year for the coming five years said Tilahun Deneke, Head of the Omo Kuraz Sugar Development Project Office.
Ethiopia has allocated 225 million US dollars for the development of each factory to be constructed by the Metal and Engineering Corp. The assessment and design of the Omo Kuraz Sugar projects is currently underway under the supervision of the Southern Ethiopia Design and Supervision Enterprise and the Ethiopian Waterworks Design and Supervision Enterprise.
