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Ministry Rolls Out Water Bill Upgrade

Jan 9 , 2024

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The water billing system of 15 towns in five regional states foresees a 4.2 million Br software installations upgrade after four months, financed by the Italian government. Officials from the Ministry of Water & Energy signed an agreement with a private company Daftech. The company has over 13 years of experience in the field and has successfully implemented the system in over 130 towns, including the Addis Abeba Water & Sewerage Service. The agreement was signed between the Minister of State for Water & Energy, Asfaw Dingamo and Denekew Berihun, CEO of Daftech. According to Denekew, their system will address issues mainly related to metre readings and billing.

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Deposit Insurance Fund Grows to 15.1B Br, Signals Readiness for Crisis Response

Two years into its operations, the Ethiopian Deposit Insurance Fund (EDIF) has grown its asset base to 15.1B Br, reinforcing its role as a critical backstop for depositors and financial institutions alike. The Fund, established under a proclamation by the Council of Ministers, was designed to shield depositors in the event of bank or microfinance collapses. Since its inception, EDIF has focused on collecting premiums from member institutions, investing the funds, and building a system robust...

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Rockefellers 100m Dollars Leap into Regenerative Lunches

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Hijra Bank Backs Young Innovators with Awards, Loans

Hijra Bank has awarded five young Ethiopian innovators in the final round of its “Sirara” Creative Spark Awards, selected from over 27,000 applicants. The programme targets practical innovations in agriculture, sustainability, and appropriate technology. Top winner Milkias Ahmed (PhD) received a 300,000 Br prize and a 3 million Br interest-free loan for developing an organic soil conditioner from animal bones. Second and third prizes went to Yusuf Ali and Muhammad Juhar for a crop-harvest...

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