Electric Utility Receives 4m Br Through Litigation

Aug 22 , 2020

Ethiopian Electric Utilities (EEU) obtained close to four million Birr through court cases against accounts with unsettled bills, infrastructure theft and damage in the just ended fiscal year. The Corporation was able to retrieve over 2.4 million Br through 86 court cases related to unsettled bills, lack of trust and those pertaining to contractual agreements, while the remaining cases were related to electric power theft and infrastructure damage. It had initiated 195 court cases this year in Southern Nations, Nationalities & People's and Oromia regional states as well as Addis Abeba, resulting in 30 individuals receiving sentences for three to six years of imprisonment and fines. This was due to the misuse of property and theft. EEU had an additional 296 new criminal cases brought against it, bringing the total number to 508. It saved a total of over 106 million Br through favourable verdicts and appeals.


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...