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

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...