Parliament Delegates Task Force to Oversee Infrastructure Projects

Dec 26 , 2020


[ssba-buttons]

The parliament has called for establishing a federal task force that will be mandated to oversee and regulate infrastructure projects across the country. Ahmed Shide, minister of Finance, endorsed the establishment of a task force to regulate infrastructure projects. He explained that infrastructure developers often interfere with one another's projects due to a lack of communication between them and that this has huge cost implications for the country. In a meeting led by Speaker of the House Tagesse Chafo held earlier this week, the Standing Committee for Urban Development, Construction & Transport Affairs discussed issues currently facing public infrastructure projects including delays and overspending. The Speaker elaborated on the need for an inclusive protocol through which entities such as Ethio telecom, Ethiopian Electric Power, and water and sewerage authorities can work with the Roads Authority and other institutions involved in infrastructure development.


Radar

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material costs. Speaking at the opening of the BIG 5 Construct Ethiopia expo and the inaugural East African Infrastructure & Water Expo at Millennium Hall last week, Chaltu stressed the need for concerted efforts from government, private sector, and international partners to support the 67 billion dol...


Radar

Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement enables eligible diaspora members to access loans covering up to 80pc of a home's value at reasonable interest rates. The bank's Deputy CEO Kidane Gebreselassie noted the deal will promote the real estate sector and expand homeownership options. Founder and CEO of Gift Real Estate, Gebreyesus Igata...


Radar

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Sport Bureau to advance Ethiopia's sports science and training capacity. Signed on June 26, the agreement includes joint research, shared facilities, and hosting of national and international competitions. It is expected to strengthen youth development, public health, and national pride through coor...