Chinese Firm Seals Deal to Pre-Commission GERD

Feb 23 , 2019

Ethiopian Electric Power (EEP) awarded a Chinese company, China Gezhouba Group, the contract to execute pre-commissioning activities of the Grand Ethiopian Renaissance Dam (GERD) at the cost of 40.1 million dollars. The agreement was signed last Monday, February 18, 2019, by Abraham Belay (PhD), CEO of Ethiopian Electric Power, and a representative of China Gezhouba Group Co., Ltd (CGGC) Ethiopia. The project was formerly awarded to the Metal & Engineering Corporation (MetEC) but cancelled due to poor performance. EEP has awarded a balance of plant contract to Voith Hydro Shanghai, which includes the electrical, mechanical and various civil and structural works required to complete the construction of the generating station and spillways. Abraham and Tang Xu, executive vice president of Voith Hydro Shanghai, a German-based Chinese company, signed the 113-million-dollar contract. Over the past two months, the EEP has been awarding different companies to supply and install turbines at the dam, construct the steel structure of the dam and supply power generating units.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...