Adama-Awash Expressway Construction to Relocate Hundreds of Households

Sep 3 , 2024


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

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email