EFFORT’s Companies Set to Sell Shares

Jul 13 , 2019


[ssba-buttons]

Three companies under the Endowment Fund for the Rehabilitation of Tigray (EFFORT) are ready to offer shares for public subscription. Mesebo Cement Factory, SUR Construction and Trans Ethiopia are the three companies that are going to sell shares. Preparations have been finalised to sell the shares, and the diaspora community is expected to be active in participating in buying the shares, according to Abraham Tekeste (PhD), head of the region’s Urban Development, Trade & Industry Bureau with the rank of deputy president of the regional state. The shares will be open for sale at the International Tigray Diaspora Festival, which is expected to take place this month.


Radar

US Renews National Emergency, Sanctions on Ethiopia

The United States has extended the national emergency and sanctions on Ethiopia for another year under the African Growth & Opportunity Act (AGOA). Signed by President Donald J. Trump, the measure was first declared on September 17, 2021, through an executive order citing the conflict in northern region of the country as an "unusual and extraordinary" threat to U.S. national security and foreign policy. The extension, effective until September 17, 2026, keeps in place restrictions targeti...


Radar

Rockefeller Pitches Clean Cooking to Curb School Meal Emissions

A recent study has revealed the staggering environmental toll of school feeding programs. A single school serving 400 students can burn through the equivalent of 56 hectares of forest each year to fuel cooking. The Rockefeller Foundation flagged the health risks too, with most cooks, predominantly women, breathing smoke levels ten times higher than the World Health Organisation's safe limit. "If every school meal transitioned to clean cooking with electricity and solar, the emissions saved wo...


Radar

Sun-Powered Grid Brings Light to Qunbi District

A new 600KW solar mini-grid in East Hararge'sQunbi district has connected 2,200 households to electricity, marking a milestone in the recent rural electrification push. Ethiopian Electric Utility (EEU) laid seven kilometres of medium-voltage and 10 kilometres of low-voltage lines, installing four transformers to reach communities long cut off from power. Customers cover only meter and installation costs before accessing the service. The project is part of the national strategy to expand energ...