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Authority Secures Road Rehabilitation Grant

January 31 , 2021

Authority Secures Road Rehabilitation Grant

The Ministry of Finance secured a 4.8-million-dollar grant from Japan to be used to procure asphalt materials by the Ethiopian Roads Authority. Japan gave the grant as part of its embassy's Economic & Social Development Programme. The agreement, which took place last week on Tuesday at the office of the Ministry, was signed between Japanese Ambassador Ito Takako and State Minister for Finance Yasmin Wohabrebbi. The infrastructure sector is one of Japan's priorities in supporting Ethiopia's economic development, and the funds are expected to be used to rehabilitate the Ethio-Djibouti and Ethio-Sudan roads, two essential logistic corridors, according to the Ambassador. Recently launched road projects in the country include the Dicheoto-Galafi junction-Elidar-Belho concrete road and the Melodoni junction-Manda-Bure road project which links Ethiopia to the Port of Assab in Eritrea.

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Leather Industry Struggles to Meet Expectations

The struggling leather industry managed a little over 33 million dollars in export earnings over the first 10 months of the financial year. It is less than half of officials' aspirations to generate 69 million dollars over the same period, and highlights the troubles faced by the industry over the past few years. Exports from finished leather goods plunged 72pc last year from three years ago. Only eight finished leather manufacturers accounted for 89pc of last year's export earnings, sh...

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Corporation Calls on Suppliers for 200,000tn Sugar Procurement

Executives of the Ethiopian Sugar Corporation have taken steps to procure 200,000tn of sugar from international suppliers. The Corporation had invited shortlisted companies to submit offers, after an attempt to procure the sugar through an international tender went awry. However, officials at the Ministry of Finance instructed its executives to scrap the invitation and proceed to float a second bid. The shortlisted suppliers have also been invited to take part in the bidding process. T...

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Youth in the National Theatre area are waiting for the bus to start moving. They have found a handle to grab and accelerate them ones its starts moving as they ride their skateboard. Although skateboarding is nearly unheard of in Ethiopia, over the past few years, young people have developed a taste for it. Safety, though, leaves a lot to be desired...

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