In Celebratory mode, Addis has spruced itself up
to usher in the third Ethiopian Millennium. The city is ablaze with
multi-coloured light displays and steamersemblazoned with good wishes
amid a sea of green, yellow and red national flags
Ethio-American venture
embarks on massive investment
By Andualem Sisay
Sunrise Industrial activities, Construction
and Trading Services Ethiopia Plc. has announced it is embarking
on six projects worth a combined 15 billion ETB. The investment
is a joint venture project between Ethiopians Tamene Getachew,
Dawit Wedajo and Berhane Abeba and two American partners and is
to engage in various agri-business related activities throughout
Ethiopia, creating over 40,000 permanent and part-time jobs. Sunrise
Plc. has secured over 75 percent of the land its projects require.
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GPS launched
to take Ethiopia to digital Millennium
By Kirubel Tadesse
The First Global Positioning System (GPS) in Ethiopia
was introduced at a launching ceremony held at Sheraton Addis on
Thursday, September 6, 2007.
The GPS was introduced by GPS Solutions founder Akalu Alemu. In
his opening remarks, Akalu said that it had been difficult but finally
satisfying to introduce GPS technology to Ethiopia. He added, “I
have always had a burning passion to see our country be among the
beneficiaries of hi-tech products and technologies. Accordingly,
I have managed to introduce GPS solutions.”
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EEPCO signs Ethio-Djibouti power contract
By Andualem Sisay
The Ethiopian Electric Power Corporation (EEPCO),
has signed three construction contract agreements for the Ethiopia
Djibouti Power Interconnection Project, on Thursday September 6,
2007, at the Hilton Addis.
The total construction cost up to the border of Ethiopia including
electrification of border towns in Ethiopia is 393 mln birr (around
45 mln USD). Out of this, 237 mnl birr will be covered by the African
Development Fund (ADF) and the remaining 156 mln birr will be covered
by EEPCO. On the Djibouti side, a similar agreement is scheduled
to be signed with contractors in Djibouti on September 10, 2007.
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