$270m Water Project to Commence

May 18 , 2019


[ssba-buttons]

Tigray Regional State Water Resources Bureau completed preparations to start a clean water project for the city of Meqele. The project, which is expected to cost around 270 million dollars, will be financed through a loan obtained from China. The project is expected to raise the clean water coverage of the city to 90pc from the current 53pc. Tewdros Gebreegzaber, head of the Water Bureau, said the project is planned to be completed in three years. It involves the building of a dam on the Gereb Giba River, which is located 20Km west of the city and will have a capacity of storing 362 million cubic metres of water. The construction will create 2,000 jobs. The Regional Government paid a compensation of 1.7 billion Br to farmers that will be displaced.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...