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US investment in Ethiopia reached 4 bln USD

Published on February 04, 2016

The United States investment in Ethiopia has reached four billion USD. Engagement of several US companies and Ethiopians in the Diaspora are contributing to the growth, Girma Biru, Ethiopian Ambassador to the U.S said.

Corbetti Geothermal Company, KKR & Co. L.P Horticulture, Blackstone, Major apparel manufacturers, GE manufacture and Coca Cola are few of the US companies currently investing in Ethiopia.

Pursuant to President Obama’s visit to Ethiopia, Corbetti Geothermal Company has signed a power purchase agreement with the Ethiopian Electric Power Enterprise.

The geothermal plant with a capacity to generate 1,000 MW power, will be Africa’s largest geothermal facility. Read more. Source| Ethiopia News Agency