ADDIS ABABA – Ethiopian Investment Holdings (EIH) and Dodai Manufacturing PLC launched a transformative partnership yesterday, aimed at advancing sustainable transportation across Ethiopia.
During the launch ceremony, EIH CEO Brook Taye (PhD) emphasized that this strategic collaboration aligns with the government’s ambitious climate resilience agenda and its commitment to green economic development. “Our unwavering dedication to investing in initiatives that not only foster job creation but also advance Ethiopia’s climate-resilient economy remains steadfast,” Brook stated.
By diversifying its investment portfolio into alternative energy sources, EIH is positioning itself for sustainable, long-term financial gains, akin to the Ethiopian Electric Utility (EEU). He elaborated, “This approach ensures robust returns while establishing vital alternative energy infrastructure for EEU’s distribution grid.”
Furthermore, Brook highlighted EIH’s commitment to nurturing innovative ventures like Dodai, which seeks to redefine urban transportation and enhance sustainable mobility nationwide. This partnership signifies a major commitment to developing electric mobility infrastructure tailored to Ethiopia’s unique electrification challenges.
Dodai Founder and CEO Yuma Sasaki remarked that this collaboration marks a pivotal moment in transforming Ethiopia’s transportation landscape. “As Ethiopia’s leading electric mobility company, Dodai is poised to establish 100 battery swap stations within the next year, continually refining our services based on real-time usage data for optimal efficiency,” Yuma declared.
The partnership aims to roll out 100 battery swap stations in the capital within the coming 12 months, with an ambitious plan to expand to 300 stations, including Sheger City, over the next three years. This initiative is expected to significantly reduce emissions, enhance urban mobility, and create 100,000 jobs for youth, positioning Ethiopia as a leader in green transportation.
In addition to improving access to clean mobility solutions, this partnership seeks to raise awareness about the benefits of electric vehicles among the Ethiopian public. By engaging local communities through educational campaigns, EIH and Dodai aim to foster a culture of sustainability and promote the adoption of eco-friendly transportation alternatives, ultimately contributing to a healthier environment and a more sustainable future for Ethiopia.
BY ASHENAFI ANIMUT
THE ETHIOPIAN HERALD TUESDAY 22 OCTOBER 2024
