Ethiopia Inaugurates Chinese Funded, Built Park

Sep 11 , 2020


[ssba-buttons]

Ethiopia has inaugurated the Chinese funded and built Sheger Park's Friendship Square on the eve of the New Year. The inauguration was held with the presence of President Sahle-Work Zewde, Prime Minister Abiy Ahmed (PhD), Chinese Ambassador to Ethiopia Tan Jian, and 1,500 invited guests. Marked by a lakeside fountain, an artificial pond, and an active waterfall belt on the Banteyiketu River, the event showcased different parades by the Republican Guard and a marching band. Built for 50 million dollars, the project was handled by First Highway Engineering Group, a subsidiary of the mammoth China Communication Construction Corporation. The project includes the construction of a central square that rests on 32ha of land and rehabilitates 1.2Km of the Banteyiketu River. The inaugurated project is the first phase of the three-year Beautifying Sheger project that aimed at alleviating the capital city's condition to one of urban tourism and also rehabilitating two riverbanks stretching from Entoto to the Aqaqi River. The second phase of the project worth 54.8 million dollars was awarded to Jiangsu Nantong Sanjian Group to be delivered in 14 months. It will construct a science museum, children amusement park, sports centre and wedding space. It will develop 16ha of land and 10.5Km of the riverside rehabilitation.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...