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AFRICANGLOBE - "Singularity of purpose and execution make Ethiopia’s fast growth possible." Ethiopia’s GDP has grown to US$52,3bn in 2014 from $29,9bn in 2010. Total investment grew from 21% of GDP in 2009 to 34% of GDP in 2014, having peaked at 37% in 2012, according to World Bank data. "Ethiopia has cleverly taken big bets which are set to pay off and make Ethiopia the new manufacturing hot spot,"
AFRICANGLOBE - Marking four years since construction of the Grand Ethiopian Renaissance Dam began, the head of the power utility, Azeb Asenake, says the most challenging part of the mechanical and construction work has been completed.
AFRICANGLOBE - The construction of the over four billion dollar Hydro power plant known as Ethiopia’s Grand Renaissance Dam being built along Nile river is in full swing. The Nile dam project covers an area of 1,800 sq km totally turning Guba and other localities at the region in to a huge power plant construction site.
AFRICANGLOBE - When completed, the project will generate around 6,000 megawatts of electricity for both domestic use and exports. With some 8,500 laborers working around the clock on its construction, the imposingly-named dam is surely one of Africa's most ambitious infrastructure projects, reaffirming Ethiopia's ambitions of becoming a big regional player and a major exporter of power.
AFRICANGLOBE - It is an audacious $4.8 billion project undertaken by one of the world's poorest countries. At the construction site in the Benishangul region of Ethiopia near the Sudanese border, some 8,500 workers are labouring tirelessly every day to build the gigantic Grand Ethiopian Renaissance Dam.
AFRICANGLOBE - Egypt has objected to the storage capacity of Ethiopia's Grand Renaissance Dam, currently under construction, which it claims will negatively affect its Nile "water share".
AFRICANGLOBE - Ethiopia is now harnessing its potential for renewable energy to fight against poverty and improve the lives and livelihoods of its people, said engineer Simegnew Bekele. "This is our primary agenda, number one agenda for our country; this is a project which is equipping us to fight poverty, our common enemy.
AFRICANGLOBE - Ethiopia's Grand Renaissance Dam (GERD) has accomplished 40 per cent of the building process, Ethiopian President Mulatu Teshome said Friday, adding that the first phase will be complete next June producing 700 megawatts.
AFRICANGLOBE - The fourth round of tripartite talks over the building of the Grand Ethiopian Renaissance dam started in the Sudanese capital, Khartoum on Monday. The talks, scheduled for Monday and Tuesday, will involve discussions among Egypt's, Sudan's and Ethiopia's water ministers to reach agreement over criteria and mechanisms for building the dam.
AFRICANGLOBE - Ethiopia hopes to become an African lion. "We have finished with the syndrome of dependence," says Zadig Abraha, deputy-head of Gerd coordination. "We want to recover our past glory," he adds.
AFRICANGLOBE - On Wednesday, Rania Badawy, a talk show host on the privately-owned Tahrir satellite channel, got into a heated argument with Ethiopian envoy Mahmoud Dardir over the Grand Renaissance Dam, a multi-billion hydroelectric dam that has been a source of contention between the two countries for over a year.
AFRICANGLOBE - The sale of 7.1 billion birr ($367 million) of bonds over the past three years to domestic investors, has contributed to the...
AFRICANGLOBE - The current generation of Ethiopians is staking its claim to history by displaying the determination to undertake a monumental project that many had thought we would not dream of let alone embark on. Currently the construction of the Grand Ethiopian Renaissance Damn is a third of the way through.
AFRICANGLOBE - A vast section of northern Ethiopia has been turned into a giant building site. Construction of the Grand Ethiopian Renaissance Dam is now about 30% complete. The whole project spans an area of 1,800 sq km (695 sq miles). Once completed, it will be Africa's largest hydropower dam, standing some 170m (558ft) tall.
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