Capital Accentuates Public-Private Partnerships

Nov 20 , 2023


African economic conference aimed at private sector attraction to Public Private Partnerships (PPP) was held at the UN Economic Commission for Africa (ECA). The pitfalls and prospects of partnership were discussed among participants. Getahun Moges, an energy sector expert said that engagement between governments and the private sector in Ethiopia was indicated to be moving at a slow pace resulting in unnecessary delays. Robert Lisinge, acting director of the private sector division at ECA discussed the importance of partnerships to fill the financial gap. African Development Bank (AfDB) estimates that up to 170 billion dollars is needed for infrastructure development every year, leaving a substantial gap of up to 108 billion dollars. Lisinge disclosed the ECA has been working with African countries and helping mobilise resources.


Radar

Ethiopia Buys Time, Not Relief as Creditors Stall on Debt Write-Off

Ethiopia's official creditors expect to finalise a draft restructuring of the country's debt in the coming months, granting the government more time to repay its obligations while avoiding a direct reduction to the initial debt amount. Ethiopia defaulted on its external debt in December 2023, before its leaders announced a preliminary deal in March with its Official Creditor Committee to reorganise 8.4 billion dollars, an essential step in moving beyond sovereign default. Under the agreement...


Radar

Road Injuries Increase by 35pc, with Pedestrians Most Affected

Addis Abeba's streets continue to present fatal risks for pedestrians, who account for 86pc of all traffic fatalities reported in 2023/24. Megenagna emerged as a particularly hazardous area, logging the highest number of fatalities, including 13 deaths. While the number of pedestrian deaths has dipped slightly, overall injuries have surged by 35pc since 2020/21, with eight out of 10 injuries involving those on foot. The Addis Abeba City Administration revised its 13-year road safety strate...


Radar

Awash Insurance Customer Week Discount

Awash Insurance Company(AIC), serving for over 30 years, gives a 25pc discount on Mortgage Redemption Insurance (MRI), Individual Life Insurance, Education Insurance, Workers' Compensation Insurance, and Fire & Lightning Insurance. This was announced during the celebration of Customer Week at their headquarters, on April 7,2025. Jibat Alemneh, CEO of the company said, Vehicles owners that purchased thier cars with full insurance coverage will receive enhanced benefits at no extra cost at...