Amhara State Attracts 1,671 Investments

Jul 20 , 2019


[ssba-buttons]

Amhara Regional State issued 1,671 investment licenses with a registered capital of 39 billion Br during the recently ended fiscal year. These investments could create jobs for 204,000 people, according to Yihnew Alem, head of the region’s Industry & Investment Bureau. Dejen Cement Factory and Bure Edible Oil Factory are among the major new investments in the regional state. Dejen Cement Factory is being built by Abay Industrial Development S.C at a cost of 8.8 billion Br. It is expected to be completed in the next two years and start producing 5,000tn of cement a day. Bure Edible Oil Factory, which rests on 30ha of land in West Gojam and was started with 2.5 billion Br in investment, will have a capacity of producing 1,400tn of edible oil a day. This is expected to cover 60pc of the country’s edible oil demand.


Radar

US Renews National Emergency, Sanctions on Ethiopia

The United States has extended the national emergency and sanctions on Ethiopia for another year under the African Growth & Opportunity Act (AGOA). Signed by President Donald J. Trump, the measure was first declared on September 17, 2021, through an executive order citing the conflict in northern region of the country as an "unusual and extraordinary" threat to U.S. national security and foreign policy. The extension, effective until September 17, 2026, keeps in place restrictions targeti...


Radar

Rockefeller Pitches Clean Cooking to Curb School Meal Emissions

A recent study has revealed the staggering environmental toll of school feeding programs. A single school serving 400 students can burn through the equivalent of 56 hectares of forest each year to fuel cooking. The Rockefeller Foundation flagged the health risks too, with most cooks, predominantly women, breathing smoke levels ten times higher than the World Health Organisation's safe limit. "If every school meal transitioned to clean cooking with electricity and solar, the emissions saved wo...


Radar

Sun-Powered Grid Brings Light to Qunbi District

A new 600KW solar mini-grid in East Hararge'sQunbi district has connected 2,200 households to electricity, marking a milestone in the recent rural electrification push. Ethiopian Electric Utility (EEU) laid seven kilometres of medium-voltage and 10 kilometres of low-voltage lines, installing four transformers to reach communities long cut off from power. Customers cover only meter and installation costs before accessing the service. The project is part of the national strategy to expand energ...