(bloomberg, Jan 2018)
Ethiopia’s fast-growing economy has Asian investors lining up to build a new $4 billion oil refinery, even as a Blackstone Group LP-backed fuel pipeline project is shelved.
Access to energy for cooking, lighting, powering, communications, and other uses is increasingly being recognized as a basic need, not a luxury. While the humanitarian system has long struggled to bring energy assistance up to par with food, medicine, sanitation, and other basic services, this story is now changing. A diverse and growing community of actors is adopting innovative approaches to improve and expand energy access in humanitarian settings. This past month, over 180 representatives from 31 countries gathered in Addis Ababa, Ethiopia, for two events aimed at leveraging their collective expertise towards this goal. Both events were hosted by the Clean Cooking Alliance (the Alliance) and the UN Institute for Training and Research (UNITAR).
(thereporterethiopia, Jan 2018)
Fairfax Africa Fund, a US-based investment firm, in collaboration with multiple partners from Asian countries is planning to build an oil refinery in Ethiopia with a total investment cost of four billion US dollars.