Utility Collects Outstanding Electric Bills

Jan 19 , 2019


[ssba-buttons]

Ethiopian Electric Utility collected half of the 700 million Br still outstanding in electric bills from its customers in the first half of the current fiscal year. “The Utility has started taking action against customers that are delinquent,” according to its CEO, Shiferaw Telila. The Utility planned to collect nine billion Birr in annual revenue from its customers, which is far short of the 35 billion Br the Utility says it needs to properly run its infrastructure projects. The reason for the recent price adjustment was to meet the specified target amount in four years time, according to Shiferaw. Just before the beginning of the current fiscal year, the firm underwent major organizational and operational changes. This led to 11 deputy CEOs being appointed to newly established offices in the nine regional states and two city administrations.


Radar

New Directive Tightens Rules for Foreign Employment Agencies

The Ministry of Labour & Skills has issued a directive under the Ethiopian foreign employment framework, setting clear standards for agency size, capital, and operations. Depending on their level, newly established agencies can serve between 10 and over 100 workers a day. Office space requirements range from 100sqm to 700sqm, tied to operational scale. Level-one agencies must hold a paid-up capital of 20 million Br and place a security deposit of 250,000 dollars or its birr equivalent...


Radar

Audit Findings Expose Deepening Gaps in Accountability

A new study reveals that audit irregularities in Ethiopia have continued to rise year after year, driven by weak enforcement and unresolved legacy problems. The finding, commissioned by the Office of the Federal Auditor General (OFAG) and conducted by independent researchers from Addis Abeba University, examined audit reports covering 2009–2023. The study attributes the persistent irregularities to limited accountability, poor follow-up, and reduced audit coverage during political transitio...


Radar

Africa Maritime Conference Sets Sights on Seafaring Innovation

The Ministry of Transport & Logistics has launched the first-ever Africa Maritime Conference, marking a bold move to position landlocked Ethiopia as a continental hub for seafaring innovation at a time of global talent shortages. At a pre-conference briefing, Frans Joubert, CEO of YCF Manning Ltd, underscored Africa's untapped potential in the maritime sector. Of the 1.9 million seafarers worldwide, only four percent are African—despite the continent hosting around 150 maritime academie...