Ethiopia, Djibouti and Afar Region Railway finally gets Chinese funding

Djibouti EthiopiaAfter several years of actively seeking financial support for the development of a crucial transportation network, the Chinese Government has granted Ethiopia a multi-billion birr loan towards the construction of railway lines expected to stretch some 5,000 kilometers from Addis Ababa into the various regions of the Eastern African country.
Read the rest of this entry »

Trade within Comesa member states shoots to US$15bn

Trade within the Common Market for Eastern and Southern Africa (Comesa) member states now stands at US$15 billion, Comesa Secretary-General Mr Sindiso Ngwenya has said. Read the rest of this entry »

Leadinspiration awarded contracts to design LTE networks in East Africa.

Representatives from Dubai-based Conway Bond Telecommunications, Leadinspiration, Inc, headquartered in London, and members of the African Union have signed a Memorandum of Understanding, Legal Framework as well as a Proceedings contract to develop a Next Generation Network in several nations in Africa. Read the rest of this entry »

Djibouti’s Electricity Utility Djaban As will cost 130 million U.S. dollars

Edd Djibouti ElectricityThe project Djaban As for the new central power generation as the Djibouti Electricity will soon be built on a site located in PK15 near Djibouti City. Read the rest of this entry »

Egyptian group “Al-Shoura Bank SA” plans to open next June in Djibouti

The company Al Shoura Bank SA plans to open next June in Djibouti, a banking institution in obedience to Islamic norms and doing all the banking and credit.
Read the rest of this entry »

Ethiopia opens 420 MW dam, plans power exports

Addis Ababa, May 5, 2010 – Ethiopia opened a dam on Wednesday it says will produce 420 MW of hydropower as part of efforts to beat energy shortages and become one of Africa’s only power exporters, its power utility said.
Power shortages are common in Africa and have hindered investment, even though the continent has abundant potential resources of solar, hydro, oil, gas, coal and geothermal power. Read the rest of this entry »

China Africa Development Fund (CADF): An office in Addis Ababa

Only a few insiders know: the China Africa Development Fund (ACDE) opened an office in Addis Ababa. The first of its kind on the continent, it has been operational since late March 2010. Its primary mission is to strengthen cooperation between China and African development. Read the rest of this entry »

ERA: Road Dire Dawa to Djibouti for Cancellation

The Ethiopian Roads Authority (ERA) was told to bring down its ambitious budget request of 15 billion Br for 2010/11.

The issue was debated at a budget hearing meeting that involved Mekonnen Manyazewal, state minister of Finance and Economic Development (MoFED), and his budget team; a delegation from the Ministry of Works and Urban Development (MoWUD), headed by Minister Kassu Illala (PhD); Zayad Woldegabriel, the ERA’s director general; and Bekele Negussie, the ERA’s Plan and Programme Division manager. The authority reports to the MoWUD.

The ERA’s request for 12.6 billion Br was to come from the government, while the rest was dependent on aid and loans. Its budget for the current fiscal year was 11.2 billion Br.

“We need this budget to achieve our plans,” Zayad said, according to an official who attended the meeting.

The ERA had to cut its demand, as its request could not be met by the anticipated government revenues for 2010/11, Mekonnen’s team insisted.

“The road sector is a government priority,” said an official at the MoFED. “And it will be accorded a large budget as usual. But we have asked it to reduce its request because the situation does not allow us to grant that [much],” said a senior official at the MoFED.

The budget request may go down by 2.1 billion Br, an official at the ERA said.

The ERA has already targeted the 300km road from Dire Dawa to Djibouti for cancellation. The design for this road was made two years ago by Hilcrow, a UK company. Read the rest of this entry »

Lufthansa, Ethiopian increase Addis-Frankfurt flights

Lufthansa has expanded its service from Addis Ababa to Frankfurt from the current four to five flights a week as of April, according to a press release the company sent to The Reporter.

The increase marks the first step in a flight schedule optimization with Ethiopian Airlines.

Effective June 1, Lufthansa and its code share partner Ethiopian Airlines will be offering ten flights weekly on a day and night flight schedule pattern, thereby raising the current eight times a week flight the two airline operates on the same route to ten times a week.

Through the schedule harmonization of Lufthansa and Ethiopian Airlines, passengers of both carriers will have the choice of ten weekly non-stop services, according to the company.

Passengers from Kigali, Entebbe, Nairobi, Djibouti, Bujumbura, Dar Es Salaam, Kilimanjaro and Zanzibar flying on Read the rest of this entry »

China grants Kenya Sh1.2bn for a second port at Lamu

The bulk of the money will be in the development of a second port at Lamu and the construction of a rail and road corridor from the Coast to Isiolo.

This will link the Kenyan Coast to Southern Sudan and land-locked Ethiopia to the north.

A statement after talks between President Kibaki and his Chinese counterpart Hu Jintao said the port will take top priority. It is estimated to cost $16 billion (Sh1.2 trillion).

“My visit today, the third one in a five years, underscores the close relations between Kenya and China,” said President Kibaki.

The port will have 22 berths with a quay on 1,000 acres. It will serve Ethiopia, currently served by Djibouti port. Read the rest of this entry »