City Admin, Local Contractors Ink 7.7b Br Cluster Zone Deal

Aug 27 , 2022


[ssba-buttons]

The Addis Abeba City Administration has inked a 7.7 billion Br agreement with two private construction firms to build an industry cluster zone in the Akaki-Qality District. MCG Construction Plc and TNT Construction & Trading are expected to erect the cluster zone on 94hct of land over the next two years. Officials of the Mega Projects Construction Office under the City Administration floated a bid early this year to hire contractors on behalf of the Addis Abeba Labour, Enterprise & Industry Development Bureau. The zone will serve as a manufacturing hub for agro-processing, wood and metal works, leather and textile, and construction materials. The design comprises 21 large shed for manufacturing and 200 megastores for input suppliers and product retail shops. Mayor Adanech Abiebie announced her administration would cover the entire construction budget from its own coffers.


Radar

Ministry Showcases Arada Branch Revenue Gains

Arada District's Land Development & Administration Branch pulled in over 150 million Br in just 70 days, beating its 90-day target. Most of the revenue came from annual lease collections and service fees. The office also billed 126 property owners for roof and fence valuations, already securing 20 million Br of the expected 46 million Br. Officials issued warnings to 15 allottees slow to start construction and recommended land right revocations in 11 cases. Leaders credited a more efficient...


Radar

Ministry Backs Blended Finance for Micro, Small Enterprises

The United Nations Capital Development Fund (UNCDF) is partnering with Ministry of Finance to expand financial access for micro and small enterprises through blended finance and digital tools. Off-balance-sheet facilities are designed to attract private investors and Development Finance Institutions (DFIs) by reducing risk and improving capital flow. Digital platforms, including mobile money and digital IDs, will lower transaction costs and broaden reach. The initiative supports job creation and...


Radar

National Electricity Network Set for Upgrade

Ethiopia Electric Utility (EEU) plans to expand the national electricity grid by 8,689 km in the 2026 fiscal year, Yohannes Tonja, head of Performance Monitoring and Evaluation, said. The rollout includes 86,789 km of medium-voltage lines, 92,572 km of low-voltage lines, and pre-maintenance on transformers. EEU will also rehabilitate 1,218 km of medium-voltage lines, install 1,893 transformers, and upgrade 308.7 km of low-voltage infrastructure. Operational targets include cutting power interrup...