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Authority Launches World Bank Backed Reform for Power Sector Regulation


Authority Launches World Bank Backed Reform for Power Sector Regulation

The Petroleum and Energy Authority (PEA), with World Bank support, has launched a capacity-building programme to address regulatory gaps, modernise infrastructure, and enhance oversight in the country’s power sector. An international consultancy has been engaged to conduct a data-driven review of the regulatory framework and recommend long-term reforms. The assessment focuses on institutional strategy, data systems for policymaking, digital readiness, and regulatory bottlenecks, while also exploring the integration of smart-grid and other technology-driven solutions. The initiative has completed its planning phase, set up an internal change management team, and delivered foundational digital training, alongside executive workshops in Addis Abeba for senior leadership.

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Freight Forwarders Earn FIATA Diplomas as Sector Eyes Global Stage

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) has graduated a new cohort of professionals from the internationally recognised FIATA Diploma Programme, bolstering efforts to strengthen Ethiopia's logistics and freight forwarding sector. EFFSAA President Dawit Wubshet (PhD) said the association has trained more than 495 professionals since launching the programme. He noted that EFFSAA is working with international partners to expand digital learning and introduce o...


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Parliament Backs Italian, French Loans for Reform, Infrastructure

Parliament has ratified two loan agreements worth a combined 124.6 million euros with the governments of Italy and France, approving both proclamations unanimously during its second emergency session of the fifth parliamentary term. The larger agreement secures a 70 million euro loan from Italy to provide direct budget support for the government's economic reform agenda. The concessional financing carries a 30-year repayment period, including a 16-year grace period, with no interest or servic...


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Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's capital has quadrupled over the past ten years but has declined in foreign currency value. Established in 2016 as the country's first indigenous reinsurer, Ethio Re has retained more than 90 million dollars in foreign exchange for the economy. Its assets have grown from 82 million Br to 5.3 billio...