Corporation Secures 950m Br Dam Project

Jun 29 , 2019


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

HEFTY GREEN

Street vendors around the Shola area take a rest in the shades of the capital's newly planted trees. Upon reporting on its 10-month performance before parliament, the Agricultural Minister indicated that up to 43pc of the arable land in the country has been rendered acidic. This requires large amounts of limestone to be imported from abroad; the tight forex crunch has not allowed the Finance Ministry to fund the endeavour easily. Following the rallying call of the PM a staggering 6 billion seedl...


Radar

DAMP DENIMS

Residents of communal houses around the Weji area hang their clothes on the fences outside. Textile manufacturing accounts for 87pc of Ethiopia's products from industrial parks. Expulsion from the African Growth and Opportunity Act (AGOA) due to the war in the North resulted in Ethiopia being expelled from the preferential trade act. Most companies choosing to rent sheds within the industrial parks do so out of a desire to access the duty-free privileges provided for African countries. Ethiopia...


Radar

PRICY PLEASURES

Vendors put traditional beauty products from the Somali regional state for sale around Mexico. In November of last year, the Ministry of Finance banned imported goods under 38 categories, including cosmetics, packed foods, and furniture, from accessing letters of credit. The move resulted in the tripling of costs for cosmetic items like lipstick and nail polish. As Ethiopia ran a 14 billion dollar merchandise trade deficit last year due to import bills hiking by 26pc , a tight clampdown on forei...