Corporation Secures 950m Br Dam Project

Jun 29 , 2019


[ssba-buttons]

Ethiopian Construction Works Corporation secured a project to construct the 950-million-Br Guder Fato Irrigation Dam in West Shoa Zone of Oromia Regional State. The Ministry of Water, Irrigation & Energy has awarded the corporation for the project to complete and deliver the construction in three years. The agreement was signed by Yonas Ayalew, the Corporation’s new CEO, and Michael Mehari (PhD), head of irrigation development at the Ministry. When completed, the dam will have the capacity to hold 58 million cubic metres of water and can be used to cultivate 5,000ha of land, according to Kassahun Leul, head of Water Infrastructure Construction Sector at the Corporation. The Corporation was formed after the amalgamation of two formerly independent public enterprises, the Ethiopian Road Construction Corporation and the Ethiopian Water Works Construction Enterprise.


Radar

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...