Gridworks, a British government-owned investor focused on Africa’s electricity networks, has signed agreements to develop and invest in electricity transmission projects in Ethiopia valued at around USD 400 million. The agreements were signed on Monday during a visit to Ethiopia by British Foreign Minister Yvette Cooper. The two transmission projects represent Ethiopia’s first public private partnership investments in the country’s transmission network, as the government continues to introduce reforms aimed at attracting private sector participation in the state dominated economy. Ethiopia’s Finance Minister Ahmed Shide said the projects would improve the reliability of power supply and contribute to industrial growth. In addition, the UK said it would provide up to GBP 17.5 million (USD 23.91 million) in technical assistance through a program aimed at strengthening Ethiopia’s public investment and asset management systems.

Source: Ethiopian News February 06, 2026 02:31 UTC