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At Goro-Bole, Deputy Mayor Launches Expensive Projects

April 3 , 2021

At Goro-Bole, Deputy Mayor Launches Expensive Projects

The Addis Abeba City Roads Authority launched the construction of a 4.9Km road that will connect Bole International Airport to the Goro neighbourhood in the southeastern section of the city. The city's Deputy Mayor, Adanech Abebie, launched the project that is forecasted to cost 1.6 billion Br. It has been contracted out to Aser Construction Plc, while Unicon Consulting, a Pakistani firm, will carry out the supervision work. At 320 million Br a kilometre, this road will be one of the most expensive roads built in the city, after the massive uplift of Africa Avenue (Bole Road). The road will include pedestrian walkways and a bicycle lane and is hoped to play a role in alleviating the heavy traffic that constricts the Gerji-Goro road. The project is expected to be completed in two years.

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Ministry Revokes Hundreds of Mining Concessions

The Ministry of Mines has revoked the licenses of 972 for alleged non-compliance with the terms of their exploration and production permits, and involvement in illicit trade.  Among those on the receiving end of the measure is Kefi Gold, a firm that has been conducting gold exploration in the Western Wellega Zone of the Oromia Regional State for over a decade. The 2,000hct exploration area is estimated to hold deposits of close to 50,000Kg of gold. Last week, the National Bank of Ethiopia ap...

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World Bank, Fed Agree on $715m in Funds to Fight Food Insecurity

The World Bank Group and the Ministry of Finance have signed an agreement for 715 million dollars to go towards fighting food insecurity. Most of the financing (600 million dollars) is earmarked for the implementation of a Food Systems Resilience Programme. A third of the amount is in the form of grants, while the balance is credit. An additional 115 million dollars is pledged for improving access to financial services and bolstering economic activity in pastoralist areas. The areas target...

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DISRUPTION HOPEFULS

Youths checkout a booth at the AddisRupt Expo 2022, which was hosted at Safari Hotel on June 25, 2022. The expo focused on technological and entrepreneurial work, showcasing over 20 startups to visitors. The promoters of the expo aimed at connecting startups with investors and was organized by firms such as LinkUp Addis, Profit Marketing and Afromile Trading...

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