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AfDB Approves $5.5m Grant for East Africa Energy Projects

Apr 16 , 2022


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The board of directors of the African Development Fund (ADF) has approved a 5.5 million dollar technical assistance grant to kick-start the roll-out of the flagship Desert to Power initiative to be implemented in Ethiopia, Djibouti, Eritrea, and Sudan. Dubbed the East Africa Regional Energy Project, it will be financed through the regional public good window of the ADF, the concessional arm of the African Development Bank Group (AfDB). The project will develop technical studies for regional solar parks and associated battery storage near regional energy inter-connectors, high-voltage cables that connect the electricity systems of neighboring countries. The initiative will also work to strengthen the technical capacity of the implementing institutions, the Intergovernmental Authority on Development (IGAD), a trade bloc that includes countries from the Horn of Africa, Nile Valley and the Great Lakes region.


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Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...