Electric Power Welcomes New Boss

Feb 22 , 2020

The board of directors of Ethiopia Electric Power (EEP) has selected Asheber Balcha to be the company's new CEO. He will be replacing Abraham Belay (PhD), who was recently appointed Minister of Innovation & Technology. Asheber received his MSc in international business from Greenwich University and took additional courses on sustainable energy engineering at KTH, a Swedish university. Asheber brings extensive experience to the position. He has served the EEP for the past 16 years in a variety of capacities, most recently as CEO of  Hydropower Projects. He has worked with Bedele Brewery, the Tekeze Hydropower Project and the Geba Hydropower Project. Abraham Belay is stepping into the minister post formerly held by Getahun Mekuria (PhD), who is leaving to serve as the Minister of Education.


Premier Pushes Domestic Drug Production

A six-day domestic pharmaceutical production and innovation expo was inaugurated by Prime Minister Abiy Ahmed (PhD) last week. More than 110 local pharmaceutical manufacturers participated at the Millennium Hall on Airport Road. Recently appointed Minister of Health Meqdes Daba (MD), said local production of pharmaceuticals has become a cornerstone of health policy, which received approval from the Council of Ministers a month ago. However, a report from the Global Fund For Health last year r...


AfDB Lauds $8m for Solar Mini-Grid

Around half a million people foresee benefits from the pilot mini-grid built across nine sites in Amhara, Oromia, Sidama, and the Southern regional states. African Development Bank Group has approved eight million dollars in finance to support the project under the Distributed Renewable Energy & Agriculture Modalities (DREAM) program. The DREAM project, with a total budget of 20 million dollars through concessional loans, grants, and risk mitigation, will cover half of the mini-grid capital...


Parliament Approves $275m Loan for Urban Project

A  275 million dollar loan agreement was approved by Parliament last week, to support the second phase of the Urban Water Supply & Sanitation Project. Set to be implemented over the next three years, the project follows negotiations between Ethiopia and the International Development Association (IDA). The Chief Whip Tesfaye Beljige (PhD), presented details of the loan agreement to lawmakers and said that the project focuses on enhancing the supply of clean drinking water and improving sa...