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Energoinvest, the largest Bosnian engineering group said today that it had won a contract to build a 230 kV power transmission line in Ethiopia at a cost of 45 million dollars.

According to Energoinvest, the contract was awarded by the Ethiopian Electric Power Corporation (EEPC). The contract will be officially signed between EEPC and Energoinvest in two wekks time. The company said that the project was scheduled to be completed within two years.

Ethiopia has awarded a new telecom license to a consortium of providers comprised of Safaricom (Kenya), Vodafone Group (UK), Vodacom Group (South Africa), CDC Group (UK), and Sumitomo Corporation (Japan). The consortium is dubbed Global Partnership for Ethiopia. This brings an end to a decades-long state monopoly of the telecommunications market.

The Ethiopian Ministry of Finance and Economic Development backed a 505 million US dollar loan extended to Djibouti by the Chinese Export-Import Bank. The ministry responded to a request for a guarantee for the loan to be used in the construction of Djibouti’s part of the railway connecting it to Ethiopia.

The bank has accepted the Ethiopian guarantee and approved the loan according to sources.

Cyber Security Africa, a UK based company, in partnership with other Industry stakeholders is organizing the Ethiopia Banking and ICT Summit. The event will be held on August 2nd, 2013 at the Sheraton Hotel, Addis Ababa Ethiopia.

The one day summit is designed to highlight the key Investment opportunities especially in the ICT Sector. The event is said to help all players in all sectors of business to interact with  both Public and Private sectors, Government officials, international organizations and other local business leader to discuss and identify the technical, environmental and business opportunities.

Ethiopia banned the import of plastic bags, as part of the national green growth initiative, on Monday.

A bill to ban the import of plastic bags was approved by the Parliament according to the Ethiopian Environmental Protection Authority.

The ban will also include the manufacture of plastic bags within the country noted the authority.