AFDB Approves US$104 Million Loan For Ethiopian Power Sector Project

AFDB Approves US$104 Million Loan For Ethiopian Power Sector Project

The African Development Bank (AfDB) has approved a US$104 million loan for a project to sustainably extend power to industries in Ethiopia’s Tigray and Afar regional states. A statement posted on the AfDB website says the Mekele-Dallol and Semera-Afdera Power Transmission Supply for Industrial Development and Access Scale-up Project is aimed at improving the socio-economic development and livelihoods in the states of Tigray and Afar through increased access to affordable and sustainable electricity supplies and improved service delivery. According to the posting, the project is critical to ensure that electricity…

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Ethiopian Airlines signs parts manufacturing agreement

Ethiopian Airlines signs parts manufacturing agreement

Ethiopian Airlines has signed a memorandum of understanding (MOU) with South African aerospace firm Aerosud Holdings to form an Ethiopia-based joint venture, which will manufacture aircraft parts for Airbus, Boeing and others. “The manufacturing facilities, that will be set up in due course, are expected to be located in the vicinity of [Addis Ababa] Bole International airport,” Ethiopian Airlines group CEO Tewolde Gebremariam said, adding that this location—right next to Ethiopian’s main base—will offer good economies of scale and simplify imports and exports. Ethiopian performed a feasibility study to establish…

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