Electric Grid Renovation Underway in Tigray


Electric Grid Renovation Underway in Tigray

The electric distribution grid in war-devasted Tigray Regional State is receiving a 1.7 billion Br renovation by the Ethiopian Electric Utility. Slated for completion after six months, the project aims to rebuild distribution lines in six zones and 33 Woredas on a grid stretching above 1,000 KM. Around 38 sites and 27 distribution centres which had sustained significant damage because of the two-year conflict between Federal and Regional forces, will also be renovated. Frequent power disruptions and sustained blackouts in several parts of the regional state have become common occurrences as significant damage to electric distribution infrastructure occurred during the conflict. Access to electricity in Ethiopia remains a challenge to around half of the population. The country is endowed with significant renewable energy resources capable of generating above 60,000 megawatts of power. The percentage of the population with access to electricity falls to 27pc in rural regions fueled by the high cost of constructing distribution lines even with sufficient power generation.


Radar

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


Radar

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


Radar

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...