Siemens, Commission Team Up for Energy

Apr 6 , 2019


[ssba-buttons]

Ethiopia’s government and Siemens signed a memorandum of understanding (MoU) to cooperate on addressing current energy and infrastructure challenges in Ethiopia. The MoU was signed by Abebe Abebayehu, commissioner of the Ethiopian Investment Commission, and Sabine Dall’Omo, CEO of Siemens Southern & East Africa. The agreement aims at supporting the government’s objective on becoming a low middle-income country by 2025. “Ethiopia shall continue its drive as the primary destination of foreign direct investment and will endeavour to utilise the vast experiences fully, the technological and management competencies and funding the models availed by multinationals such as Siemens,” said Abebe. Siemens is supporting the construction of a power transmission line between Ethiopia and Kenya that stretches 1,000Km to transfer electric power between the Horn nations. The project has created job opportunities for 200 people in Ethiopia. “We are here today as we have been since 1927, to help achieve affordable and reliable power supply, create jobs, increase access to training and develop local skills alongside local partners,” said Dall’Omo.  The German-based Siemens, founded 171 years ago, recorded 83 billion euros in revenue during the previous year.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...