FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds



Ethio-Kenya Power Transmission Go Live


Ethio-Kenya Power Transmission Go Live

Ethiopia began selling electricity to Kenya last week, hoping to generate over 100 million dollars yearly, beefing up its foreign currency reserves. The 500Kv power substation was built for over half a billion dollars after securing finance from the African Development Bank (AfDB). The test work of power transmission on the lines was completed a week ago. China Electric Power Equipment & Technology (CEPET) completed the construction, while the German-owned Simens built the converter station and the ground electrode line. The extended transmission lines, as well as protection and data communication lines, travel for 440Km in Ethiopia over 994 towers. Managed by Asheber Balecha, EEP foresees transmitting up to 2,000Mw electric power to countries beyond Kenya, such as Tanzania and South Africa. The transmission line passes to Kenya through Wolayta, Gamo, and Konso zones in the Southern Regional State and the Borena zone in Oromia Regional State. The Ethiopian Electric Power (EEP) announced a few weeks ago that the project would begin after officials pledged to ensure security recurring thefts on power-carrying metal towers and optical ground fibre. Wolayta and Gamo zones were identified as the hotspots of the robbery, with nearly 10tns of iron bars stolen. Darmalo in the Konso zone, Adeyu Liyu, Chencha, and Derashe weredas have seen their share of rampant thefts on towers.Ethiopia sells electricity to Sudan and Djibouti, generating 95.4 million dollars last year. EEP signed a memorandum of understanding (MoU) with Somaliland, Tanzania and South Sudan. Ethiopia hopes to export electricity at 0.65 US cents for a kilowatt hour for the next five years, with a plan to renegotiate the tariff.

[ssba-buttons]

Radar

Coffee Export Platform Links Ethiopian Roasters with Overseas Consumers

Ethiopian coffee roasters have gained a direct route to international consumers through a multi-brand e-commerce export platform launched by DHL Express Ethiopia and EXM Global PLC. The companies say it is the first platform of its kind in Ethiopia. Bringing together 10 Ethiopian coffee brands in a single digital marketplace, the platform enables overseas customers to order freshly roasted coffee in quantities ranging from speciality retail purchases to larger commercial volumes. DHL Express...


Radar

Addis Abeba Clears 59Km of Rivers, Remains Short of Halfway

Addis Abeba has completed 59Km of river cleanup and development work, although total coverage has yet to reach 50pc. Mayor Adanech Abebe said the 59Km stretch was transformed in one and a half years as she presented a comprehensive review of the city's strategic plan from 2022 to 2026. Mayor Abebe described the progress as a major "breakthrough", saying the work relied entirely on the city's funding, engineers, architects and workers. By comparison, she said, a world-renowned foreign contract...


Radar

Kisse Platform Brings Collateral-Free Microloans Through Agent Network

Mefithe Microfinance S.C., MZ Tech, and Arifpay Financial Technologies S.C. have launched “Kisse”, an agent-powered digital microloan platform designed to expand access to finance for micro and small enterprises. Through trained local agents, borrowers can apply for collateral-free, short-term business loans. Once approved, the funds are transferred to mobile wallets or bank accounts through Arifpay's payment gateway. The partners said loans can be disbursed within hours. Under the par...