Ethiopia’s Jobs Creation Commission (JCC), in collaboration with Master Card Foundation and Piazza Communications, has set up a nationwide portal dubbed "Yegara" aimed at connecting startups with potential investors.
The Ethiopian Electric Power Corporation (EEPCo) signed yesterday power transmission project contracts worth around 330 million dollars with companies from ten countries.
Indian companies take the biggest share of the contract winning three contracts worth more than 50 million dollars.
Among the companies which entered into agreements with EEPCo are Energoinvest DD of Bosnia & Herzegovina, ALISTOM GRID of France, ABB AG of Germany, AECOM of USA-Canada and Norinco International Limited of China.
The projects are expected to be completed within 12 to 24 months.
Ethiopia is embarking on a groundbreaking USD 250 million bitcoin mining and AI data center project, spearheaded by BitCluster.
The Gamo Development Association has unveiled a Birr 50 million modernization project at the historic Arba Minch Crocodile Ranch, the first crocodile farm in East Africa, originally established in 1983 for tourism, biodiversity conservation, research, and job creation.
Ethiopia launched a green economic growth strategy estimated at 150 billion US dollars over 20 years. The program aims to develop Ethiopia into a middle income economy by 2025 without an increase in greenhouse gas emissions.
The strategy is the first of its kind to be implemented in Africa but could be duplicated in other countries said Dr. Ababa Haile-Gabriel, Director of the African Union, Rural Economy and Agriculture Department.
