AfDB Approves $5.5m Grant for East Africa Energy Projects

Apr 16 , 2022

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.


Premier Pushes Domestic Drug Production

A six-day domestic pharmaceutical production and innovation expo was inaugurated by Prime Minister Abiy Ahmed (PhD) last week. More than 110 local pharmaceutical manufacturers participated at the Millennium Hall on Airport Road. Recently appointed Minister of Health Meqdes Daba (MD), said local production of pharmaceuticals has become a cornerstone of health policy, which received approval from the Council of Ministers a month ago. However, a report from the Global Fund For Health last year r...


AfDB Lauds $8m for Solar Mini-Grid

Around half a million people foresee benefits from the pilot mini-grid built across nine sites in Amhara, Oromia, Sidama, and the Southern regional states. African Development Bank Group has approved eight million dollars in finance to support the project under the Distributed Renewable Energy & Agriculture Modalities (DREAM) program. The DREAM project, with a total budget of 20 million dollars through concessional loans, grants, and risk mitigation, will cover half of the mini-grid capital...


Parliament Approves $275m Loan for Urban Project

A  275 million dollar loan agreement was approved by Parliament last week, to support the second phase of the Urban Water Supply & Sanitation Project. Set to be implemented over the next three years, the project follows negotiations between Ethiopia and the International Development Association (IDA). The Chief Whip Tesfaye Beljige (PhD), presented details of the loan agreement to lawmakers and said that the project focuses on enhancing the supply of clean drinking water and improving sa...