Ethiopia's gets $1.2 billion loan for the Grand Ethiopian Renaissance from China
Tigrai Online April 25, 2013
Ethiopia secured a US$1 billion (S$1.2 billion) loan from China on Friday to build transmission lines linking its capital Addis Ababa with Africa's biggest hydropower dam
Ethiopia secured a US$1 billion (S$1.2 billion) loan from China on Friday to build transmission lines linking its capital Addis Ababa with Africa's biggest hydropower dam being built on the Nile.
Ethiopia wants to become one of the world's leading power exporters and plans to invest more than US$12 billion to harness energy from the rivers running off its rugged highlands. It aims to generate over 40,000 MW of hydropower in the next two decades.
Source: Straits Times - http://www.straitstimes.com/breaking-news/money/story/china-lends-ethiopia-s12-bln-mega-dam-power-lines-20130427
Sponsored Links
Sponsored Links
More Articles
Deputy Premier spearheads partnership voyage among Ethiopia-US Universities
Ethiopia to reap benefits from eco-friendly light rail projects
Will Egypt escape the 19th Century mindset and meet Ethiopia half-way
Ethiopian Leases Two New Boeing 777- 300ERs from Air Lease Corporation
Saudi deputy defense minister General Khalid Bin Sultan fired from his job
Google Glass, a computer on a pair of glasses
Ethiopia is the rising star of the adventure travel scene
Survival International's desperate attack on Gibe III dam project
Ethiopia is one of the top five booming economies in Africa
Eritrea caught red handed supplying weapons to Central Africa rebels – what is new?
EPRDF's 9th General Congress: Yet, Another Post-Meles Success Story
Eritrean Air Force Captain Rahwa Gebrekristos defected to Saudia Arabia
Continuing violations of the UN arms embargo on Somalia and Eritrea
Woyane's successful and productive 11th congress in Mekelle, the capital city of Tigrai
The Prime Minister Meles Zenawi Foundation founding congress is under way in Addis Ababa, Ethiopia.
Sara Nuru becomes the face and ambassador of LASCANA a high-end fashion company
Tsedal Yohannes fights to free her family from Eritrean prison
Ethiopian Airlines and Oman Air enter in to code share agreement
Ethiopian Airlines and Oman Air enter in to code share agreement
Why eating injera teff - taff is healthy for you
Ethiopian health sector gets $120 million from world bank
$1 billion worth of fuel oil imported from Sudan to Ethiopia
The Glittering Transformation of Ethiopia is beyond Reproach
Brazil, Russia, India, China and South Africa to establish a bank to challenge IMF and World Bank
The ICG’s six point recommendation for Eritrea transition
An Eritrea man sentenced to more than nine years in U.S. federal prison