Marathon Oil is seeking bids for its four onshore exploration blocks in East Africa because the oil and gas company focuses on drilling in U.S shale formations, its advisor on the sale said on Friday, May 15, 2015.
The price cap on sesame seeds trading at the Ethiopian Commodities Exchanges (ECX) was lifted last week. The Ministry of Trade and Regional Integration (MoTRI) disclosed the decision to Capital Newspaper citing inflation on the product which led to the removal of the price cap. However, Kassahun Gofe, MoTRI State Minister, indicated that the Ministry might reintroduce the price cap if extraordinary price surges appeared.
Jacobs Engineering SA (JESA), says it will host the first international symposium, “Engineering Symposium for Africa” under the theme “Engineering and Innovative Technologies for Sustainable Development” in Marrakesh, Morocco next month.
MassDel Technology, a freight platform which facilitated bookings between shippers that needed to transport goods and carriers, was launched in Addis Ababa. According to MassDel Digital Technology’s Manager Tewabe Yilak, the technology implements a software which automatically connects shippers and carriers.
Ethiopian Electric Power announced the successful installation of a massive rotor, as well as a stator, on the Grand Ethiopian Renaissance Dam (GERD). The installation is part of the two early generation units with a capacity of 375MW power generation each.
