Africa, Business, invesment, Invesments, news, Uncategorized, World Bank, World Bank Group

Africa News December 18, 2013 at 10:32AM

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VENTURES AFRICA – Djibouti, a country in the Horn of Africa region, has signed a deal with multinational power firm, Shanghai Electric to construct a 63KV power line of about 90km that will link the Ali-Sabieh and Nagad regions of the country.

Hong Kong-listed Shanghai will create a network aimed to enhance supply of power to the proposed railway line linking Djibouti to the Ethiopian capital Addis Ababa.

According to Djibouti’s Energy Minister Ali Yacoub Mahamoud, the inter-connection project includes road and telecommunication network from Djibouti to South Sudan.

The project will boost trade and commerce in the region, connect regional markets and push up economic activities for Djibouti and environment, Mahamoud told reporters.

 

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