Authority Completes Concrete Road to Djibouti

Sep 6 , 2020


[ssba-buttons]

The Dichoto-Beleho concrete road project, a 78Km connection between Ethiopia and the Djibouti's port of Tadjoura through Afar Regional State, has been completed. The road, which was constructed at a cost of 2.4 billion Br, was built with concrete rather than asphalt to withstand the high heat of the area and is expected to relieve traffic congestion at the port of Djibouti. The road, which spans from 10m wide in rural areas to 21.5m wide in urban settings, is expected to serve for four decades. The Ethiopian Roads Authority (ERA), which covered the full cost of the road project, stated that the concrete construction will enable easy maintenance and reduce costs. The road is expected to facilitate the speedy transport of potash reserve and other minerals in the area to the port. The Authority has signed contracts with 10 firms to construct 12 roads across the country for 19.9 billion Br. The cost of the 10 roads, which span 825Km, will be covered by the government, while the remaining two are funded by the World Bank Group.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...