Market News | POWER & ENERGY Ethiopia 2020

Market News

  • Development Finance Institution In UK to Invest $300m in African Power Networks

    Posted on :Monday , 10th June 2019

    The UK government’s foreign investment tool, CDC Group, said it would provide more than $300m in a new business to expand electricity networks in Africa, which is one of the biggest hitches to economic development in the world’s indigent continent.  

    CDC chief executive Nick O’Donohoe said, Gridworks Company to get launched soon, and it will make fundi. . .

  • Turkey - Ethiopia Joint Venture opens new cable plant to boost Production

    Posted on :Friday , 10th May 2019

    Euro Cable Private Limited Company, a joint venture between Ethiopian and Turkish, opens a new factory which is set to triple its existing electric cable production capacity.

    The plant located in Gelan, Oromia Regional State, has a covered area of 10,500 meter square in a compound of 20,000 meter square. Euro Cable PLC, a joint Ethio-Turkish venture, was the first private ente. . .

  • Better returns for Africa as it is contributing to improved use of renewable energy power across the continent

    Posted on :Friday , 3rd May 2019

    Developing economies everywhere Africa measure during a distinctive position to leapfrog a lot of developed nations by finance in cleaner, environmentally friendlier sources of power at a lower price - main factors conducive to improved use of renewable energy power across the continent.

    However, renewable energy resources hold nice promise and might give energy whe. . .


    Posted on :Friday , 26th April 2019

    China is all set to pump out a gigantic USD 1.8 billion in the transmission and distribution lines of electricity in Ethiopia.

    The investment of USD 1.8 billion will be made by the Chinese State Grid Corporation. Ethiopia's prime minister, Abiy Ahmed met with the officials of China Export and Credit Insurance Corporation, commonly known as Sinosure, during a recent visit to China's capi. . .


    Posted on :Friday , 26th April 2019

    Acumen is a New York based non profit company that invests in sustainable and socially minded companies around the world.

    Established in 2001, Acumen has invested more than $115 million in 113 companies across Africa, Latin America, South Asia, and the United States Acumen Capital Partners a subsidiary of Acumen recently announced a $70 million funding for KawiSafi ven. . .


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