City Hires Three Firms For Six Major Projects

Jul 20 , 2019


Addis Abeba City Administration signed agreements with three international firms for the construction of six projects with a total cost of 10.7 billion Br. Construction of Adwa Centre, renovation of Addis Abeba Municipality Theater Hall, Grand Palace parking lots, a library, Pushkin Square-Gotera interchange road and Bole Medhanialm to British Embassy road are some of the projects covered under these agreements. The firms that signed the agreement include China Jiangsu International Economic & Technical Limited, ALEC Engineering and Geom Luigi Varnero Plc. The Construction of Adwa Centre, which will be built at the centre of Piassa adjacent to Menelik II Square, will be carried out by Jiangsu International Economic & Technical Cooperation Group at the cost of 4.6 billion Br. The construction includes meeting halls, recreational and fitness centres. The 3.8Km Pushkin Square-Gotera interchange road, which has a width of 30m-45m and a 320m tunnel on each side, is another project that will be built for 1.5 billion Br. Varnero, an Italian construction firm, has also signed an agreement to construct a three-storey library in Arat Kilo valued at 1.1 billion Br.


Radar

Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


Radar

Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a statement issued by the National Bank  following the auction, it was indicated that 70 million dollars was offered for the event. Subsequently, it was reported that 96 pc of the foreign exchange needs of the participating banks were met. In the previous auction, held 15 days ago, the bank had of...


Radar

City Registers 64,075 Births in Fiscal Year

The city has exceeded its birth registration target for the first nine months of the fiscal year, registering 64,075 children—71.15pc more than the set goal of 58,342. This success, with a registration coverage rate of 109.63pc, is largely attributed to the efficiency of the one-centre birth registration service system, which has been rolled out across health centres and courts. The total number of vital events registered, including births, adoptions, marriages, divorces, and deaths, reache...