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Re: Updates on Business and Economic news, Ethiopia

Postby YEBANDAMERZE » 08 Sep 2011, 23:23


Ethiopia unveils another hydro project over Nile River


Ethiopia on Thursday unveiled another hydro electric power project over the Nile River basin, which will generate 2 100 MW of electricity.


The project is part of the Horn of Africa country’s plans to position itself as a major electricity supplier to neighboring countries.

The Beka-Abo multipurpose power project, according to the Ministry of Water and Energy, will be set up at Nile Bridge, about 2 km from the Nile river around Bure-Nekemt road, about 360 km north west of Addis Ababa.

Stakeholders are discussing details of the project in Addis Ababa, with support from the Norwegian government, which donated more than 20 million Euros for a feasibility study.

The ministry said the project will significantly contribute to efforts to meet the local demand and the country’s push to export power.

Ethiopia has already started power supply to neighbouring Djibouti and is preparing to start selling electricity to Sudan early next year.

In April, the country launched Africa’s biggest dam over the Nile River. The Renaissance Dam is expected to generate 5 250 MW of electricity.

This project will cost US$ 5 billion and will be fully funded by the government and ordinary people through bonds.

The mega projects over the Nile have angered neighbouring Egypt, which it says will impact negatively on water levels on the shared river.



Re: Updates on Business and Economic news, Ethiopia

Postby YEBANDAMERZE » 15 Sep 2011, 00:53


Quick drying cement on the way for Gibe III dam

Quote:
Wednesday, Sept 14, 2011 11:25 pm

Web www.addisfortune.com


The first shipment of 10,000tn of slag-cement mixed with fly ash out of 150,000tn to be used for the foundation work of Gibe III dam bought at a cost of around 12.3 million dollars from Italy is to arrive by the end of this month.

The cement was bought from Cementir Holdings, which produces and distributes grey cement in Italy and is being transported by the Ethiopian Shipping Lines. Grey Cement is usually composed of low aluminates tricalcic contents, with high granulated slag content and pozzolana, which have high resistance to Sulphate, low hydration heat and high water resistance.

The procurement of the cement was carried by the Public Procurement and Disposal Agency (PPDA) under the Ministry of Finance and Development (MoFED). The cement was bought at 82.1 dollars per tonne and will be transported to the project site 470Km from Addis in the lower course of the Omo River. The price of this cement stood at 88.5 dollars per tonne in the last month, according to the August publication of the Cement Review Magazine, which is published by Hanson Heidelberg, a UK based company engaged in production and consultancy of cement.

Salini Costruttori S.p.A, which is undertaking the construction of Gibe III, had been testing different mixes of cement bought here and from abroad for one year to find the right combination of materials needed for the foundation, according to Azeb Asnake, Gibe III Hydroelectric power project manager.

The cement needed was of a type that is different from ordinary cement, it needed to have a very low heat of hydration when mixed, making it dry faster and become solid.
The 243 meter high dam, the tallest in Africa, requires a strong foundation that can carry its weight and last a long time. The foundation needs five million meter cubes of concrete mix that needs to be filled in exact combination round the clock using Roller Compacted Concrete (RCC), according to Azeb.

“As layering is very important in this procedure it is necessary to use a dry system, whose ratio of water mix is very minimal compare to other mixes,” she told Fortune. “Once layering has started, work must be done continuously for 24 hours; otherwise it can create weak spots that can crack easily.”

However, finding the right mix for Gibe III, which is estimated to cost 1.5 billion euro proved elusive. Dongfang Electric Corporation (DEC) is building the Electro mechanical work of the power plant, with 470 million Euros.

In one of the sampling processes, Maple Cement from Pakistan was considered an option due to its high heat of hydration. It was planned to be mixed with fly ash imported from South Africa, according to the project manager.

“However the time it would take and the resources needed to import both the cement and the fly ash proved too expensive,” Azeb, who oversees the dam which is expected to be finished in 2014, told Fortune. “The Maple Cement also exhibited different characteristics from batch to batch imported.”

The original design done in 2006 Gibe III, which has an installed capacity to produce 1870 MW of electricity, had called for a rock fill dam headrace tunnels, manifolds, surge shafts, powerhouse, and switchyard on the left bank. However, due to difficulties with obtaining proper and sufficient insurance coverage for the Rock fill Dam, the design was changed to Roller Compacted Concrete (RCC).

Cement needed for the filling, which needs to have a higher ratio of cement for strength, is provided by Mugher Cement Factory, according to Azeb. An additional 700,000tn is needed for the completion of the dam.

“This will be completed in mid September and Salini will start the RCC work,” she told Fortune.



Re: Updates on Business and Economic news, Ethiopia

Postby revolutions » 15 Sep 2011, 01:00


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Tags: Wikileaks, cable, logo, Ethiopia, Africa, Addis Ababa, famine, drought, Somalia, Eritrea, Sudan, African union, IGAD, Egypt, Kenya, USA, Russia, India, France, England, Libya, Zimbabwe, Uganda, Julian Assange, Meles Zenawi, Afewerki, United nations, UN, sanctions, barrack obama, Hillary Clinton, sarah palin, Ron Paul, state department, Susan rice, china, japan, terrorism, terror, osama bin laden, al qaeda, al shabab, yemen,

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SUBJECT: ETHIOPIA: RECENT BOMBINGS BLAMED ON OROMOS
POSSIBLY THE WORK OF GOE


Classified By: CHARGE VICKI HUDDLESTON FOR REASONS 1.4(b)AND(d).

¶1. (S) SUMMARY A series of explosions were reported in Addis
Ababa on September 16, killing three individuals. The GoE
announced that the bombs went off while being assembled, and
that the three dead were terrorists from the outlawed Oromo
Liberation Front (OLF) with links to the Oromo National
Congress (ONC). An embassy source, as well as clandestine
reporting, suggests that the bombing may have in fact been
the work of GoE security forces. END SUMMARY

¶2. (U) On September 16, three bomb explosions were reported
in the Kara Kore area of Addis Ababa. The explosions were
heard at 4:45 a.m., 7:00 a.m., and 10:00 a.m. The National
Intelligence and Security Service (NISS), together with the
Federal Police Anti-terror Task Force later reported that the
bombs were “part of a coordinated terror attack by the OLF
and Sha’abiya (Eritrea) aimed at disrupting democratic
development.” The NISS said that the intended terror plot
had failed and the bombs had mistakenly gone off while the
suspects were preparing them while hiding out at an illegally
built house. Two of the suspects died immediately, while
another died on the way to the hospital. One other is in
critical condition. The police task force reported having
others in custody related to the plot and that evidence shows
the terrorists had ties to Oromo groups – the Mecha and
Tulema Association (MTA) and the ONC. They also said that
the bombs used contained parts sourced from Eritrea and were
consistent with bombs used in previous terrorist attacks.

¶3. (S) On September 20, Dr. Merera Gudina (strictly protect),
the former leader of the ONC (and a typically reliable
information source), contacted Post to report that the
deceased had not died not while constructing a bomb, but
rather at the hands of GoE cadres. Dr. Merera said that the
men had been picked up by police a week prior, kept in
detention and tortured. He said police then left the men in
a house and detonated explosives nearby, killing 3 of them.
He did not indicate whether the men were ONC or OLF
affiliated.

¶4. (S) Clandestine reporting indicates that the bombs did not
explode inside the structure, but rather appear to have been
placed outside and detonated.
[Ambassador Vicki] HUDDLESTON



Re: Updates on Business and Economic news, Ethiopia

Postby YEBANDAMERZE » 18 Sep 2011, 21:15


Ethiopian airlines select ING for 1.45 billion USD aircraft financing scheme.

Saturday, 17 September 2011 09:48

The management of Ethiopian Airlines​ has selected the renowned international bank, ING, and two other banks to finance 15 passenger jet aircraft (10 Boeing787-8 Dreamliners and five Boeing 737-800​) purchases from the US aircraft manufacturer, Boeing. The financing scheme includes the purchase of two spare engines for each aircraft.

At the 20th African Aviation Conference held from September 12-14 at the Sheraton Addis under the theme ‘Air Finance for Africa,’ Kassim Geressu, Ethiopian chief finance officer, who made a presentation said that the management of Ethiopian selected ING, JP Morgan​ and Emerging Africa to finance the 15 jetliners purchase. Emerging Africa is a London-based development financial institution.

The types of loans required by Ethiopian are Finance lease. EX-IM guaranteed loan, Pre-Delivery Payment (PDP) loan and Junior loan. The total amount is estimated to be around 1.45 billion dollars.

Ethiopian has secured a loan guarantee for the 15 aircraft purchase from the US Export Import Bank, EX-IM Bank.

The national flag carrier placed orders for 10 Dreamliners in 2005 valued at 1.5 billion dollars. Originally, deliveries were scheduled for 2008-2010, which Boeing failed to meet. Now Ethiopian expects to receive the first two Dreamliners next March. Ethiopian will be the first African airline to operate Dreamliner aircraft. Ethiopian has also ordered 10 B737-800, and 12 Airbus A350 XWB. Ethiopian is the first airline in sub-Saharan Africa to order Airbus a new extra wide body aircraft, scheduled to come out of airbus’s final assembly line in Toulouse in 2014.

The airline took deliveries of 5 B777-200LRs and eight Bombardier Q400​. In the past year alone, the airline acquired 11 new aircraft. In November 2010, Ethiopian became the first African airline to own and operate the world’s longest-range airplane-B777-200LR. Last June TAAG Angola became the first African carrier to own and operate the Boeing 777-300ER​. Boeing’s B777-200ER and B777-300ER Worldliner are two of the longest-range airplanes in the world.

Currently, Ethiopian operates a young fleet of 47 aircraft (39 jet, all of them being Boeing except two MD11 freighters and eight turboprops). According to AWAS, an Ireland-based leasing company, with 34 aircraft on its order book, Ethiopian has the largest aircraft order list in Africa to be followed by South African Airways​ and Royal Air Marroc each of which has 21 aircraft on order. Ethiopian’s rival, Kenya Airways​, has 14 aircraft on order. SAA operates 55 aircraft, RAM 56 and KQ 31. The management of Ethiopian plans to increase the number of jet aircraft to 112 by 2025.

Ethiopian CEO Tewolde Gebremariam told The Reporter that since his airline has always been profitable, aircraft financing is not a problem. “If you are profitable and if you have a good credit history, securing a loan would not be a big problem. And we have both-clean balance sheet and commendable credit history.”

In a related news, the management of Ethiopian is negotiating to buy additional Bombardier aircraft. Tewolde told The Reporter that his management is in talks with executives of the Canadian air framer, Bombardier. Ethiopian has acquired eight Q 400s turboprops that it deployed in its domestic and regional routes. Currently, the management of Ethiopian is negotiating with executives of Bombardier for additional aircraft purchase. Representatives of Bombardier were in Addis Ababa this week. Ethiopian is also negotiating with Bombardier to buy the same aircraft for ASKY Airline, a new start-up airline based in Lome, Togo.

Tewolde said that more than 75 percent of the international passenger traffic in Africa is carried by non-African carriers, adding that the market share of African airlines is shrinking. “We should blame nobody else but ourselves,” Tewolde told participants of the conference. He attributed the problem (the increasing market share of non-African carriers) to the lack of cooperation among African nations in air transport.

In a related news, the management of Ethiopian is to phase out its three ageing Boeing 757-200​ aircraft from its fleet in February next year. Kassim told The Reporter that the aircraft are already up for sale. “We are negotiating with potential buyers,” Kassim said.

Meanwhile, the management of Ethiopian signed a deal with Boeing for the purchase of four new B777 freighter aircraft. The jetliners will be delivered to Ethiopian after three years. The agreement was signed by Ethiopian CEO and representatives of Boeing at the headquarters of Ethiopian on September 2. The deal will be announced by the two parties soon.

The growing demand for cargo flight services prompted Ethiopian to place orders for the new B777 jetliners. Recently Ethiopian signed a lease agreement with GECAS for two B777 aircraft to be delivered in September 2012. The lease agreement period for the two B777 is ten years.

The B777 freighter aircraft has the capacity to haul 100 tons of cargo at a time. The catalogue price of the aircraft is 260 million tonnes. Boeing will deliver the four aircraft after three years.

With six freighter aircraft (two B757-200F, two B747s and two MD 11s), Ethiopian has the largest cargo fleet in Africa. In the 2010-2011 fiscal year, Ethiopian cargo traffic has grown by 20 percent to 160,000 tons when compared to the previous fiscal year. The growing horticulture and meat export have significantly contributed to the surge in cargo traffic.



Re: Updates on Business and Economic news, Ethiopia

Postby YEBANDAMERZE » 21 Sep 2011, 12:37


Hewlett-Packard Plans Africa Expansion at Double Market Rate

Sep 21, 2011 5:11 AM CT .

Hewlett-Packard Co. (HPQ), the world’s largest personal-computer maker, aims to open offices in Ethiopia, Mauritius and Mozambique by the end of the year to grow in an African market worth $5.5 billion.

“This is a natural extension of our existing African operations and we hope by this we will have the region covered,” Brian Humphries, senior vice president for Growth Markets Organization at the provider of hardware, software and services, said in an interview in Johannesburg today.

HP has recently opened offices in seven African countries including Angola, the continent’s second-largest producer of oil, and Uganda, East Africa’s third-biggest economy, according to a statement today. The Palo Alto, California-based company already had offices in seven African countries, including the continent’s biggest economy of South Africa and Nigeria, the region’s largest producer of oil, said Humphries.

Africa’s information, communications and technology industry is worth about $5.5 billion, and is growing at an average 10 percent a year, Humphries said.



Re: Updates on Business and Economic news, Ethiopia

Postby YEBANDAMERZE » 24 Sep 2011, 07:49


ADDIS ABABA | Sport Academy | U/C
--------------------------------------------------------------------------------

Quote:
The construction of the first ever all round Sport Academy complex in Ethiopia is set to be completed by December 2011. The complex, which is being constructed by Sur Construction Share Company, lies on 232,438 square metres (23.2 hectares) and is expected to cost 182 million birr on completion. The initial date of completion was set back by two years due to road building works in the area.

‘We had planned to finish the construction of the sports academy in 2009 but were delayed because a road project in the area overlapped with the sport academy construction and there had to be a revision of the original plan,’ Tadesse Yemane General Manager of Sur construction Share Company stated.

The all round sport academy complex will have 18 learning rooms, which will include six laboratories, four computer rooms, 8 classrooms and one lecture hall. There will also be an auditorium, ground+1 library, administration office, gymnasium, and a 1,500 sq, metres sports field, according to Asfaw Wossen project manager of the sport academy complex.
He said that it will additionally have two dormitory buildings, each accommodating 40 students, staff apartments with a potential to house staff with their families, three G+1 villas for the Academy president, Academy vice president and Academic dean as well as cafeterias, a lounge, clinic, lobby, fitness center, and mechanical workshop as well as an international standard swimming pool having its own recycling system.

The sports academy complex will also include outdoor fields with a multi-thousand seater soccer field, two tennis courts, one handball court, a volleyball court and a basketball court. The consultancy company for the project is Construction Design Share Company.
Picture from 2009

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Last edited by YEBANDAMERZE on 24 Sep 2011, 08:39, edited 1 time in total.




Re: Updates on Business and Economic news, Ethiopia

Postby YEBANDAMERZE » 27 Sep 2011, 09:35


The Meskel Square-Kality road on Sierra Lean Street, which is 40 meter wide and nine kilometres long, is being constructed by of China Roads and Bridge Construction Corporation Company and Engineer and Zewede Eskindire Consulting Company. It is expected to be inaugurated in the fiscal year of 2011/12. When the bridge at the place commonly called Mesewalikya opens up, it will be a passage for trains while the adjacent road that is 11 meter long will be used for putting in the long railway trucks. Soon this would be the last look people would have of the dug up, rough road that has been there for the past two years.

This is a great progress since my visit 3 months ago

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source, Addis fortune



Re: Updates on Business and Economic news, Ethiopia

Postby YEBANDAMERZE » 27 Sep 2011, 11:13


Dukem industrial city
Driving around Dukem area seen lots of under construction factories,warehouses and new town build up,
these are just a few...


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Re: Updates on Business and Economic news, Ethiopia

Postby YEBANDAMERZE » 28 Sep 2011, 18:16


Final two designs for the development of piazza, Addis Ababa........... I prefer the second one.....It is about time they turned their attention on Piazza.

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