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Philips and the governments of Ethiopia and the Netherlands sign seven-year agreement to build Ethiopia’s first specialized Cardiac Care Center

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Under the terms of the agreement, valued at approximately 40 million euro, Philips will be responsible for the full turnkey design, construction, equipping and commissioning of the hospital location, as well as staff education and equipment maintenance for five years after completion. The new center will be developed within the compound of the existing Tikur Anbessa Specialized Hospital (TASH) in Addis Ababa, the capital city of Ethiopia. The new specialist cardiac care center will comprise a 7-story building covering 7,200 square meters wit... Read More »

Boeing, Ethiopian Airlines Celebrate Delivery of First 787-9 Dreamliner


Boeing [NYSE: BA] and Ethiopian Airlines celebrated the delivery of the carrier's first Boeing 787-9. Ethiopian is leasing the Dreamliner through an agreement with AerCap. Ethiopian's newest 787 touched down in Addis Ababa following a non-stop 8,354 mile (13,444 km) delivery flight from Boeing's Everett, Wash., facility. Ethiopian becomes the first carrier in Africa to operate the 787-9 and extends a tradition of setting aviation milestones. Ethiopian became Africa's first carrier to fly the 787-8 in 2012, and similarly introduced the 777-20... Read More »

H&M customers help to empower women in Ethiopia


The majority of the poor in Ethiopia are women and teenage girls. They are frequently subjected to discrimination in multiple areas. As most Ethiopian women spend a lot of time working within the household, they also have less time for paid work. The money donated by H&M Conscious Foundation will go to a unique project that will empower women from low-income urban communities. In this three-year project, CARE will support women in developing their own business in order to generate income, gain more power in their families and communities... Read More »

HEINEKEN inaugurates Ethiopia’s biggest brewery as part of EUR310mln investment in the country


With a total capacity of 1.5m hectolitres, the Kilinto brewery is already producing the recently launched Walia® beer together with Bedele® and Harar® beer brands. It is planned that the site will also brew other brands including the flagship Heineken® beer. Employing around 280 people, drawn from the local workforce, the new facility complements the already established Bedele and Harar breweries; which were acquired from the Ethiopian government in 2011. The EUR110mln new brewery is part of a total EUR310mln investment in the country by HEI... Read More »

Kinnevik and H&M joining forces for social change in Ethiopia


Through their respective foundations the companies are investing 8.8 million SEK over three years to set up a support program to help local social entrepreneurs in the country grow and become financially sustainable. “Having two Swedish companies of this size join forces to invest in social entrepreneurship to benefit women and youth through their respective foundations is unique. We are joined by common traditions of entrepreneurship and innovation. Now we shall jointly use these strengths to contribute to a positive development in Ethiopia... Read More »

H&M and Swedfund initiate cooperation in Ethiopia’s textile industry


The first steps of this collaboration were taken after talks between Swedfund and H&M. The plans were further developed during a joint trip to Ethiopia in May this year when they were examining factories together. – We see the cooperation as an opportunity to get involved in Ethiopia's growing textile industry at an early stage and to contribute to more jobs. We have for many years worked in existing manufacturing countries to improve working conditions and the environment. This experience is included with the establishment of cooperatio... Read More »

Alstom Grid’s Dr. Lawrence Jones participates in the U.S. – Africa Leaders’ Summit from August 4th-7th in Washington, DC


Throughout the week, Alstom’s smart grid expert Dr. Lawrence Jones joined African heads of state, U.S. political leaders and NGO’s to discuss the partnerships and investments needed to secure Africa’s energy future. This topic is critical as energy development has not been able to keep up with increasing demands with over half of the 54 African nations experiencing energy crises. To kick-off the week Dr. Jones attended the Africa Ascending meeting chaired by The Economist, where leaders from the energy sector gathered alongside economists to... Read More »

Ploumen calls for international action against child marriage


‘Child marriage breaches fundamental human rights’, said Ms Ploumen. ‘An effective international approach will be needed to put a halt to it. Every year, at least 14 million child marriages take place, often with terrible consequences for the bride. It is almost impossible to imagine what those girls go through. From one day to the next, they may be terribly exploited, face daily domestic and sexual violence, be barred from attending school, and run the enormous risks of pregnancy at an early age.’ The Netherlands intends to intensify the fi... Read More »

Bosch is fostering young talent in Africa


An initiative of German industry 21 scholarships for budding business leaders from sub-Saharan Africa More than 3,000 applicants in third year German federal president Joachim Gauck is initiative’s patron The program includes nine months of specialist training at the participating companies, and also entails intensive language training. An extensive series of weekend events will be offered as part of the program by both the Robert Bosch Stiftung in Stuttgart, whose events will emphasize training and civic commitment, and the Zeit Sti... Read More »

GSK adds to its commitment to GAVI Alliance to help protect millions more children against infectious diseases


GlaxoSmithKline (GSK) announced today it has increased its commitment to the GAVI Alliance to provide vaccines to developing countries, helping to protect millions more children against infectious diseases. Under this new agreement, GSK will provide an additional 240 million doses of Synflorix™ to developing countries over the next ten years, helping protect up to 80 million more children from pneumococcal diseases such as meningitis and pneumonia. This builds on the 480 million doses of the vaccine that GSK has already committed to GAVI ... Read More »

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