Wed02222012

Last update04:15:17 PM

Business and Economy

Tullow Seen Beating Peers With $30 Billion Africa Find: Energy

Tullow South Omo BlockTullow Oil Plc (TLW), the U.K. explorer that unlocked billions of barrels in frontiers from Uganda to French Guiana, wants to repeat those landmark finds drilling onshore East Africa as peers target natural gas offshore.

Ethiopian Airlines Revealed as Customer for Five Q400 NextGen Turboprops

Q400 BombardierBombardier Aerospace has confirmed Ethiopian Airlines to be the customer which placed a firm order for five Q400 NextGen regional airliners on February 13, 2012.

Two of the five fast-turboprop aircraft will be operated by Ethiopian Airlines and three by its affiliate, ASKY Airlines of Togo.

Ethiopia moves to diversify exports

Castel's vineyard in southern Ethiopia

The Christian Science Monitor
By Jenny Vaughan, Contributor / February 15, 2012

About three hours south of the Ethiopian capital, Addis Ababa, lays a sprawling, 120,000-hectare field planted with hundreds of thousands of grape vines in tightly packed rows. Workers in blue coveralls cultivate the vines, looking for pesky diseases, while men stand atop ladders with slingshots in tow to fend off hungry birds.

Kenya to import Ethiopian energy

Daily Nation - Kenya will sign a power purchase agreement today with Ethiopia that will kick-off a massive project that will see the country get an additional 400MW by 2016.

Speaking on Monday at Safari Park Hotel, Energy minister Kiraitu Murungi said the project will cost Sh64 billion, with Kenya constructing a 612 kilometres high voltage line and Ethiopia 443 kilometres on its side of the border.

ABB to strengthen power grid in Ethiopia

Zurich, Switzerland, Oct. 19, 2011 – ABB, the leading power and automation technology group, has won orders worth around $26 million from EEPCO (Ethiopian Electric Power Corporation), the national power utility, to extend and upgrade four existing transmission substations in the central region of the country. The orders were booked in the third quarter.

Related Links