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Electricity initiative reaches 70 mln people

Power Africa, a five-year American presidential initiative launched by former President Barack Obama, has reportedly created 15 million new electrical connections bringing electricity to 70 million people.

Innovation week concludes bolstering tech friendly society

With hundreds of innovators in attendance, the weeklong African Innovation Week (AIW) 2019 will conclude this afternoon inside the headquarters of the African Union (AU). Organized by the Ministry for Innovation and Technology (MiNT), the African Union Commission and the Oslo International Hub – the event highlighted Women Innovation and Entrepreneurship, AgriTech, Smart Cities, ShelterTech and Circular Energy, HealthTech and Travel and Investment.

IFC injects EUR 20 mln in Soufflet Ethiopia

The International Finance Corporation (IFC), a member of the World Bank Group, has financially backed Soufflet Malt Ethiopia – a subsidiary of the French-based Gruope Soufflet – with EUR 20 million to help expand the company’s malt production and for its role involving some 40,000 smallholder farmers in the value chain.

DARA floats tender to build its HQ

The Federal Documentation, Authentication and Registration Agency (DARA) has floated a tender for local and international firms to build a 4B+ G + 21-storey building for its headquarters in one of the prime locations of Addis Ababa.

Gov’t drafts national sugar policy

The Ethiopian government which has embarked on privatizing state-owned sugar factories, is drafting a national sugar development policy and proclamation that would regulate the local sugar industry.