Adama-Awash Expressway Construction to Relocate Hundreds of Households

Sep 3 , 2024


[ssba-buttons]

Hundreds of households and thousands of hectares of farmland are poised for relocation for the construction of the Adama-Awash Expressway, with total estimated budget for compensation and related costs amounts to 502.9 million Br. According to environmental and social impact assessment done by Indian firm Aarvee Associates Architects Engineers & Consultants and a local firm Net Consult Plc, Ethiopian Roads Authority, in collaboration with local governments, has prepared a comprehensive Resettlement Action Plan (RAP) to mitigate the adverse effects on displaced families and to ensure fair compensation and livelihood restoration. Funded by the African Development Bank (AfDB), the project covers a new expressway construction that will cover 60Km in the Oromia and Amhara regional states, impacting several woredas, including Adama, Boset, and Minjar Shenkora. The expressway will traverse predominantly flat to rolling terrain, adhering to international standards for road safety and environmental sustainability. The Authority will provide support for relocation, including transitional allowances and assistance in the construction of new homes. Vulnerable groups, such as women-headed households and the elderly, will receive additional support to facilitate a smooth transition. A critical segment of the Ethiopia-Djibouti Transport Corridor, the expressway is expected to reduce travel time, enhance trade efficiency, and create job opportunities for local communities. The expressway will serve as a vital link in Ethiopia's road network, promoting regional trade and economic development. It is also anticipated to contribute to the growth of small and micro enterprises along the corridor, further driving economic gains.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...