City Inks 9.3m Euro Deal to Improve Water Sanitation

Nov 14 , 2020


The Addis Abeba Water & Sewerage Authority has inked an agreement for 9.3 million euros with Vitens-Evides International to improve water sanitation and supply. The new agreement applies to water projects on Legedadi and Dire water dams. The project will also entail basin development and equitable use of water that passes through different regions. The project aims to improve the water-containing capacity of Dire and Legedadi dams and work on protecting soil in basin water areas. In addition to this, the project will also focus on helping communities that live around basin areas and Legdadi and Dire river dams through establishing market-based opportunities, according to a statement from the City Administration. The project, scheduled to last five years, is expected to benefit close to 10,000 people living around the two dams and another 90,000 people living in the five cities that encircle the two dams, namely Akaki, Burayu, Gelan, Sululta and Sendafa.


Radar

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email