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Ethiopia Avails Solar Projects for PPP

Jan 19 , 2019

The Ministry of Finance is set to float a tender for the construction of six mega-solar projects in three regions with an estimated cost of 795 million dollars. The project to be implemented by Public-Private Partnership (PPP) has completed a feasibility study for six solar projects in Oromia, Somalia, Afar and Tigray regional states. To accomplish the task, a governing body of nine members from the public and private sector has been established, according to Teshome Tafesse (PhD), the state minister of Finance. The 20-year project will have the capacity to produce 798MW of power and will be built by a collaboration of the government and the private sector. For the partnership project, the ministry received experience from Singapore, the United States and Europe. The partnership, which was established six months ago has nine members including seven ministries and two from the public sectors. The Board will decide all profitable development projects that do not apply to PPP projects.

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 Agriculture Minister, Girma Amentie 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 Ministry of Finance to fund the endeavour easily. Following the rallying call of the Prime Minister...

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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 & 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. Ethiopi...

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Radar

PRICY PLEASURES

Vendors put traditional beauty products from the Somali Regional State for sale around Mexico area. 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...

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