Tulu Moye Geothermal sign over $100 mln contract with Mitsubishi, SEPCOIII

Tulu Moye Geothermal sign over $100 mln contract with Mitsubishi, SEPCOIII

Tulu Moye Geothermal Operations (TMGO) has signed a contract with consortium of Mitsubishi Corporation and SEPCOIII Electric Power Co. Ltd. to develop energy from geothermal energy in Assela, Eteya, Oromiya on Wednesday. The agreement has a cost of over $100 million. TMGO is one of the first Power Purchasing Agreements (PPA) in Ethiopia. The agreement…

Timely funding, response critical as Ethiopia’s agriculture sector recovers from multiple disasters

Timely funding, response critical as Ethiopia’s agriculture sector recovers from multiple disasters

By Fatouma Seid Agriculture is a source of livelihood for over 80 percent of the population in Ethiopia. However, the sector has faced complex and overlapping threats over the past decade. Since 2019, the country has been responding to the worst desert locust invasion in over 25 years. Although the invasion has subsided, the upsurge…

Infrastructural gap poses challenge on industrial park

Infrastructural gap poses challenge on industrial park

Debre Birhan Industrial Park (DBIP) said Tuesday that delays in the infrastructural gap development is posing a challenge to attract more investors. “The park has developed 10,000 hectare of land for investment. However, lack of road construction taking to DBIP is a predicament,” said Yeshitla Mulugeta, General Manager of Debre Birhan Industrial Park in a…

Ministry, US Company agree to assess Ethiopian oil, gas potential

Ministry, US Company agree to assess Ethiopian oil, gas potential

Ministry of Mines and the United States Company Netherland, Sewell & Associates, Inc. (NSAI) signed an agreement on Tuesday, which enables the US firm to conduct economic surveys on potentials of Ethiopia’s oil and gas resources. The agreement was signed between Takele Uma, Minister of Mines and representative of NSAI at the headquarters of the…

Safaricom Ethiopia plans to create 1.5 million jobs in ten years

Safaricom Ethiopia plans to create 1.5 million jobs in ten years

On February 5, the first successful voice call was made using Safaricom’s network with the code ‘07’. Text messaging, internet access, and other network services followed successfully. Meanwhile, Safaricom Ethiopia recently unveiled its first cloud data center in Addis Abeba as it gears up to launch its commercial operations in the country. Kaleyesus Bekele of…

Edible oil companies complain over lack of inputs, market chain problems

Edible oil companies complain over lack of inputs, market chain problems

The Ethiopian Edible Oil Producers Manufacturing Industry Association said that lack of raw materials and complex market chain are the main challenges of their operations. The Association consists of more than 100 edible oil companies. Mohammed Youssouf, Vice Board Chairperson of the Association told Origins Media that major problems which are hindering productivity of the…

EEP, Safaricom Ethiopia sign dark fiber-optic leasing agreement

EEP, Safaricom Ethiopia sign dark fiber-optic leasing agreement

The Ethiopian Electric Power (EEP) and Safaricom Ethiopia Telecommunications PLC signed a five-year lease agreement to share dark fiber-optic on Thursday. The agreement was signed between Asheber Balcha, CEO of the Ethiopia Electric Power and Anwar Soussa, CEO of Safaricom Ethiopia Telecommunications PLC. The first phase of the agreement includes Safaricom Ethiopia leasing 4097 kilometers…

E-commerce faces security challenges

E-commerce faces security challenges

Businesses said lack of security in Ethiopia has been adversely affecting the success of e-commerce platforms. Addis Abeba Chamber of Commerce and Sectoral Associations organized a consultation with businesses focused on “Challenges and Opportunities E-Commerce in Ethiopia”. Deficiency of infrastructural facilities has been mentioned as among bottlenecks for the e-commerce businesses. Mainly, lack of security…