Investments & Projects

It is reported that the two Chinese companies have reached an agreement with the Ethiopian government to invest 2 billion US dollars in processing Ethiopian bamboo and produce paper products for the local and export markets.

Botswana worked with the World Bank to develop a renewable energy strategy that would enable the country to be more independent of energy supply.

According to the United Nations, Cairo in Egypt, Kinshasa in the Democratic Republic of the Congo and Lagos in Nigeria are already megacities, while Luanda in Angola, Dar es Salaam in Tanzania and Johannesburg in South Africa will attain the status in 2030.

The Ethiopian Sugar Development Corporation (ESDC) has awarded a USD 95 million contract for China CAMC Engineering Co. Ltd (CAMCE) – a Chinese construction firm - to undertake the construction of the unfinished Tana Beles-I sugar plant project, The Reporter has learnt.

The 'Africa Energy Forum: Off the Grid', and 'Regional Energy Co-operation Summit' meetings will be held in Addis Ababa, Ethiopia from March 27th to 29th. Ethiopia will launch the second national electrification program.

French Company Neoen's Zambian local unit, the Bangweulu Power Company Limited has unveiled a US$60 million solar plant, the first of its kind in Zambia.

Beginning in 2016, Kenya and Tanzania signed an international power supply network contract linking East Africa with southern African countries.

Zambia and Zimbabwe have shortlisted American, European and Chinese companies to build the Batoka Gorge hydro power plant, the ministry of finance said in statement on Wednesday.

Ethiopia is the second most populous country in Africa and one of the fastest growing economy on the African continent.