Work To Begin Soon On Ethiopia's Multibillion Dollar Millennium Nile Dam. Construction is to begin soon on Ethiopia's Great Millennium Nile Dam project, which is estimated to cost some 80 Billion Birr (about US$4.762 billion), says Minister of Water and Energy Alemayehu Tegenu.

Ethiopia is set to launch construction of a massive hydroelectric dam in its Nile basin near its border with Sudan, the country’s Prime Minister has announced.

The management takeover of France Telecom which follows the evolution of Ethiopian Telecommunications Corporation has put ten foreigners at the helm of the new corporate Ethio Telecom, leaving five top jobs to Ethiopian nationals.

The Ministry of Communications and Information Technology said Ethio-Telcom has launched its operation that would enable the nation to provide internationally recognized world-class telecom infrastructure and telecom service.

Africa this year crossed the 500 million active mobile subscriptions mark. By now, every second person of Africa’s 1,033 million inhabitants can be reached by phone, making Africa a sizable market.

Having remained in limbo for close to a year due to changes in design specifications, the new design of the overpass bridge, which forms part of the Kality-Meskel Square interchange located around Meshualekia, is to be approved by the management board of the Addis Abeba City Roads Authority (AACRA) in two weeks’ time, after which it is to be constructed at a projected cost of close to 27 million Br.

The Ethiopian Electric Power Corporation (EEPCo) announced that its power generation shrunk by 700 megawatt from the previously expected 2,000 megawatt total production capacity. The corporation has also ordered industries to cut their consumption as power rationing is threatening.

The Export and Import (EXIM) Bank of China has reached an agreement with the Ethiopian Railway Corporation (ERC) to finance its Light Railway Network project in Addis Ababa.

Ethiopian government said yesterday that it will invest billions of dollars over the coming five years to enhance the road sector development program of the country.

The highly orchestrated international campaign against the construction of dams in Ethiopia has become very sensational beyond limit. Some campaigners went as far as lobbying International Donor Agencies and Banks not to cooperate in the development endeavors of Ethiopia. Surprisingly enough some politically motivated Ethiopian nationals, though few in numbers, are also sympathizing this wretched campaign. Political parties and governments come and go.