Electric Grid Renovation Underway in Tigray


Electric Grid Renovation Underway in Tigray

The electric distribution grid in war-devasted Tigray Regional State is receiving a 1.7 billion Br renovation by the Ethiopian Electric Utility. Slated for completion after six months, the project aims to rebuild distribution lines in six zones and 33 Woredas on a grid stretching above 1,000 KM. Around 38 sites and 27 distribution centres which had sustained significant damage because of the two-year conflict between Federal and Regional forces, will also be renovated. Frequent power disruptions and sustained blackouts in several parts of the regional state have become common occurrences as significant damage to electric distribution infrastructure occurred during the conflict. Access to electricity in Ethiopia remains a challenge to around half of the population. The country is endowed with significant renewable energy resources capable of generating above 60,000 megawatts of power. The percentage of the population with access to electricity falls to 27pc in rural regions fueled by the high cost of constructing distribution lines even with sufficient power generation.


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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...


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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...


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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...


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