Ethiopia's electric grid is set for a major boost with a USD 500 million investment from the World Bank. The Ethiopian Electric Power (EEP) announced plans to build 14 new power distribution stations and lines, alongside renovations of existing power plants and distribution networks.
Ethiopia is invited to take part in Dubai's Annual Investment Meeting which is going to be held in the coming March.
Meta Abo is the third brewery for sale by the Ethiopian government after Bedele and Harar were sold two breweries to Heineken.
British, Dutch and South African breweries are putting bids for Meta Abo, an Ethiopian brewery which brews the Meta Abo beer. Meta Abo is located 20km west of Addis Ababa.
The government of Ethiopia has not yet revealed how much it is demanding for Meta Abo but the bids will close on September 3.
Ethiopian Prime Minister Hailemariam Desalegn invited investors in East Africa to utilize suitable investment opportunities in Ethiopia. The premier extended the invitation during a discussion held in Nairobi with investor from East African countries.
Hailemariam invited investors to engage in priority sectors of of Ethiopia such as, manufacturing, textile, leather industry and horticulture. He said both the investors and the nation would benefit from investing in those sectors.Deputy Prime Minister of Ethiopia, Demeke Mekonnen invited more Chinese investment in Ethiopia while meeting with Chinese business persons in Beijing.
The Deputy PM was in Beijing representing African Union (AU) Chairperson Prime Minister Hailemariam Desalegn to be part of the 50th Anniversary of the Organization of African Unity/African Union,held in Beijing, China.
