The capital of Ethiopia, Addis Ababa City, has revoked a total of 1,178 investment licenses for failure to realize the projects.
Ethiopia has earned a total of $916 million from export of different commodities and electricity over the first four months of the current budget year started July 8, 2019.
Ethiopia, the east African nation currently facing severe energy shortage, is set to begin implementation of a new 520 MW geothermal electric power project.
South Korea Exim Bank has provided $264 million loan to the Government of Ethiopia supporting ongoing development projects of the government.
A Kenyan and two Chinese companies have secured a geothermal power project in Ethiopia after the government re-launches the Aluto Langano geothermal project.
Ethiopia Electric Utility (EEU) collects 3.2 billion birr (about $114 million) bill from its customers during the first six months of Ethiopian calendar started July 8, 2018.
The Ethiopian Government expressed its plan to sell electric power to Gulf Countries by signing and agreement to launch feasibility study on Saturday.
By Oliver Waissbein – In 2011 Rwanda was literally in the dark– 89 percent of the country, about 9.4 million people, didn’t have power. It was one of the lowest electrification rates in the world.
A consortium of development finance institutions and commercial lenders today announced completion of the refinancing of more than $400 million loans of Bujagali Energy Limited (BEL), aiming to help reduce electricity costs in Uganda.