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Can Ethiopia’s Resource Wealth Contribute to its Growth and Transformation?

 . ADDIS ABABA, January 26, 2015 – Ethiopia has averaged a 10.7% economic growth rate over the last 10 years, more than double the annual average of countries in Sub-Saharan Africa, which was around 5.2%. However, despite having a huge potential to contribute to Ethiopia’s economy, the development of oil, gas, and mineral resources are not […]

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Mammoth dams, lean neighbours

Originally posted on African Electric Territorialities:
Djibouti, Sudan, Kenya, Tanzania, Rwanda…all of them have one by one approached Ethiopia for their slice of the country’s enormous hydropower cake. Djibouti and Sudan get their share since 2011 and 2012, respectively; whilst the rest of East African countries patiently wait for the arrival of the electric lines. By virtue of that, actual exports, or…

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26 January 2015 Business News Round-Up

  . Turkey to invest in Ethiopia’s hydropower . Turkish President visiting Ethiopia on January 22, 2015 at national palace of Ethiopia BY ANDUALEM SISAY GESSESSE The Turkish President Recep Tayyip Erdogan, who began his official visit in Ethiopia this morning, announced that his country is interested to invest in generation of electricity from hydro power. “A […]

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Fertilizer Factory Construction Resumes after 10 Months

Yayu Fertilizer Factory (as conceived above) lies on 54,000sqm and will be a multi complex factory consisting two Urea manufacturing plants, one DAP manufacturing plant, a coal mining and chemical manufacturing.   . Tekleberhan Ambaye Construction Plc (TACON) resumed the construction of Yayu Fertilizer Factory building after settling the problem it had with the Metal […]

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2D seismic acquisition to commence in Ethiopia’s Rift Basin Area Block

Originally posted on Oilnews:
Africa Oil and its partners have announced that 2D seismic acquisition of a 400 to 800 kilometer land and lake survey earlier planned for Q4 2014 will begin at the end of January at the Rift Basin Area Block in Ethiopia. The frontier area that has no previous seismic data or…

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23 January 2015 News Briefs (UPDATED)

Turkey ready to support Africa on all platforms . By SERDAR KARAGÖZ ADDIS ABABA – . Speaking at the Turkey-Ethiopia Business Forum, President Recep Tayyip Erdoğan said that Turkey is trying to build not only commercial and economic ties with Africa, but also, as a country aware of Africa’s problems and its potential, wants to […]

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Bill and Melinda Gates want to fix another messy global problem: banking

Originally posted on Quartz:
Bill and Melinda Gates have taken on some of the world’s messiest problems, funding projects to improve the design of toilets and condoms and even create urine-powered fuel cells. Now, in their annual letter published today, they’re outlining ambitions to tackle another messy sector: banking. The central thesis of the letter, which lays out goals for the…

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Photovoltaics ….“I see a huge potential”

. A mobile solar wagon, developed by students of Arba Minch University . Electric-power supply must improve in most developing countries, including Ethiopia. Typically, national grids do not cover rural areas appropriately – and it does not make sense to wait for that to finally change. The standard of life can improve and new additional […]

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Vaccinating a child in a poor country costs nearly 70 times more than it did in 2001

Originally posted on Quartz:
The cost of immunizing children against life-threatening illnesses in poor countries has gone through the roof. According to Doctors without Borders (MSF), a basic vaccination package cost $0.67 in 2001. By 2014, the bill grew to $32.09 for boys, and $45.59 for adolescent girls (who are also immunized for human papillomavirus). For girls, that’s a…

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This Drink Could Protect You From Skin Cancer

Originally posted on TIME:
You may grab a cup (or two) of coffee every morning to help you wake up and face the day, but you may also be doing your skin a favor. Researchers in a new paper released Tuesday say that coffee can protect against melanoma, the deadliest form of skin cancer. Melanoma…

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