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Israeli Company to Invest 500m USD in Ethiopia

GIGAWATT GLOBAL, an Israeli company said on Thursday that it will invest USD 500 million in Ethiopia in renewable energy and human resource development. Josef I. Abramowitz, CEO of the company announced the plan following discussions with Ethiopian Prime Minister Hailemariam Dessalegn alongside other Israeli companies.

Egypt’s FM to visit Addis Ababa to discuss GERD

Egypt’s Foreign Minister, Sameh Shoukry will visit Addis Ababa next week. According to Ahram Online, the objective of his visit is to discuss the Grand Ethiopian Renaissance Dam’s (GERD) technical negotiations.

Djibouti, China ink deal for mega project

China's POLY-GCL Petroleum Group Holdings Ltd on Thursday signed a memorandum of understanding (MoU) to invest USD four billion in a natural gas project in the tiny Horn of African nation of Djibouti.