Fuel Prices Rise as Shortages Linger

Radar

Rockefeller Pitches Clean Cooking to Curb School Meal Emissions

A recent study has revealed the staggering environmental toll of school feeding programs. A single school serving 400 students can burn through the equivalent of 56 hectares of forest each year to fuel cooking. The Rockefeller Foundation flagged the health risks too, with most cooks, predominantly women, breathing smoke levels ten times higher than the World Health Organisation's safe limit. "If every school meal transitioned to clean cooking with electricity and solar, the emissions saved wo...

Sun-Powered Grid Brings Light to Qunbi District

A new 600KW solar mini-grid in East Hararge'sQunbi district has connected 2,200 households to electricity, marking a milestone in the recent rural electrification push. Ethiopian Electric Utility (EEU) laid seven kilometres of medium-voltage and 10 kilometres of low-voltage lines, installing four transformers to reach communities long cut off from power. Customers cover only meter and installation costs before accessing the service. The project is part of the national strategy to expand energ...

Red Sea Bank Eyes Investment in Local Banking Sector

Last week, Kebede Abera, deputy head of the Ethiopian mission in Djibouti, met with executives from the Bank for Commerce and Industry of the Red Sea (BCIMR) to discuss opportunities in the country's banking and finance sector. BCIMR, Djibouti's largest bank with a 45pc market share, was established in 1957 and is majority-owned by France's BRED Banque Populaire (51pc), with the Government of Djibouti holding 33pc and a Yemeni bank 16pc. Kebede highlighted opportunities created by ongoing mac...