Ethiopia has transferred ownership of 10 state-owned companies to its sovereign wealth fund to enhance their management. The firms include Ethiopian Electric Power, Ethiopian Railway Corp., and the Development Bank of Ethiopia, which are involved in major infrastructure projects like the Ethio-Djibouti railway and the Great Ethiopian Renaissance Dam.
Ethiopia is set to export approximately 100 megawatts of electricity to Tanzania through Kenya, pending the finalization of a cross-border trade agreement. The amount of power to be traded may be adjusted during the upcoming negotiations, according to Ethiopian Electric Power spokesperson Moges Mekonnen.
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