Ethiopia’s $5bn GERD Project that Could Turn it into Africa’s Water Powerhouse

Milena Veselinovic, for CNN

Tue October 20, 2015

Editor’s Note: Each week, Africa View explores the trends, figures and initiatives shaping Africa. From education and energy to technology and innovation, it showcases topics and influential sectors driving countries on the continent.

(CNN) — It’s called the Grand Renaissance Dam — and the clue is in the name.

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.

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How Attractive is Ethiopia to Foreign Investors? (Video)

Ethiopia is one of Africa’s top performers economically, growing at an average of 10.4 perecent yearly over the last decade. Eventhough the financial and telecom sectors are off limits at the moment, the country has become the darling of investors.

Zemedeneh Negatu, Managing Partner at Ernst & Young Ethiopia tells the FT’s Katrina Manson why investors are flocking to the country, and whether it is really restrictive to foreigners.

Truly great investment opportunities exist in Ethiopia!

Are you interested to move your manufacturing company or invest in services, agriculature or mining in Ethiopia? Please contact us and we can provide you with additional information.