Afar Gets Iodized Salt Plant

Aug 24 , 2019


An iodized salt plant built by Ethiopian and Turkish investors for 14.7 million dollars was inaugurated in Semera, Afar Regional State on August 19, 2019. About 66pc of the construction cost of the plant was covered by Ethiopians and the remaining 33.4pc was covered by Turkish Investors. The plant, which has a capacity to produce 450,000ql of iodized salt a month, will create 700 permanent and 200 temporary jobs. Construction of another plant, which has a capacity to produce 750,000ql a month, is also underway in Afdera, also in the Afar Regional State, with an investment of 31 million dollars. The plant is expected to commence production after six months and create 1,400 jobs. The major players in Afar Regional State’s salt processing market are Afar Salt Production, Dobby and SVS.


Radar

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email