Ethiopian Electric Utility Amasses 11b Br

Aug 29 , 2020

Ethiopian Electric Utilities (EEU), a government agency in charge of power distribution, has generated 11.1 billion Br in revenues during the past fiscal year from energy bills. The agency was able to achieve 80pc of the target for the year. Out of total revenues, 60pc will be paid to Ethiopian Electric Power, which is in charge of power generation. It also generated 3.9 billion Br from electric power installation and maintenance, a sharp fall from its target of 11.3 billion Br. Property disposal brought in 19.3 million Br. During the year, the EEU has restructured itself into 28 districts, 554 services and 5,835 satellite centres. The institution also revamped its management structure by decentralising and upgrading its regional directors to executives through its Enterprise Resource Planning Project (ERP). The ERP has also connected its systems with the Commercial Bank of Ethiopia to set up an e-payment system for its customers. The system covered 325 new rural towns and was registered to 168,571 customers. For the current fiscal year, EEU intends to generate 16.5 billion Br from energy billing, eight billion Birr from other sources and 1.1 billion Br from service fees. Property disposal is also expected to generate 140 million Br.



A young shoe shiner goes door to door, offering his services around the Stadium area. It is common in the capital to see young rural migrants engaged in physical labour, scraping change to send home. CHR Michelsen Institute (CMI) estimates that one out of three rural households has at least one family member migrating to cities. Extreme poverty and lack of access to farmland force many to look for better prospects in the city. Upward income mobility has remained stagnant over the last five years...



A carriage around the Ayat area delivers water, as homes rarely access tap water in the area. Ethiopia has nine major rivers, and twelve big lakes, often called the water tower of Africa. However, UNICEF estimates that up to 80pc of communicable diseases in Ethiopia are due to a lack of access to safe water and sanitation. The second most populous country in Sub-Saharan Africa has the highest percentage of the population without access to potable water at 60pc, while the average daily consumptio...



Holiday activities at Jan Meda included penalty shoot outs for cash pay alongside other carnival games. The World Cup final in Qatar ended in penalty shoot outs this year, a global audience of 1.5 billion watched the spectacle. While the tournament's ending had stirred planetary awe, the death of 37 workers during the construction of the stadiums had given the games a sour taste early on. The tournament broke records of the biggest budget of more than 200 billion dollars and the most spectators...