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.
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