Coal Plant Construction Kicks Off

Jun 19 , 2021


[ssba-buttons]

The Sunshine Investment Group has begun the construction of a 600 million Br coal washing plant in the Gurage Zone, bringing with it the potential to save over 65 million dollars a year that would otherwise be spent on the import of coal. Sun Mining Coal Factory, which sits on 23.3ht of land, will have the capacity to wash and process 800,000tn of coal annually once it goes operational, which it is expected to do in a year's time. The plant will require one million tonnes of unwashed coal a year and it will be sourcing the raw material from a coal mining site and coal miners' associations in the Gurage Zone. Ethiopia spends over 200 million dollars annually on importing coal for cement production and energy generation.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...