Ethiopian Electric Utility Sparks Innovation with New Technology Centre

Oct 2 , 2023

Ethiopian Electric Utility (EEU) is vying to build a state-of-the-art technology incubation centre in two years with a budget of 9.34 billion Br. The centre will be constructed by the Chinese Civil Engineering Corporation (CCEC) on a 16.75hct plot of land. Shewaferaw Telila, the head of the Utility and  Wu Juy, the branch executive managing director of the Corporation, inked a pact at the Utility's headquarters last week, promising a faster, more reliable, and more modernised service to customers, according to Shewaferaw. With the feasibility study, design, and supervision for the construction completed by Ethiopian Construction Design and Supervision Works Corporation, the centre will feature an electrical technology human resource training space, a research and incubation space, a Scada monitoring station, and a distribution machinery clearance and laboratory facility. Ethiopia is third in electricity deficits in the continent, with constant power fluctuations and disruptions. The year-end report by EEU indicates that only 4.4 million households in the country have formal access to the electric grid, with an average of just over 200,000 new customers added each year. It has managed to add around 40,000 new customers annually, while it has a little over 500,000 customers in the capital.


ZamZam Bank Joins Commodity Exchange Payment System

The pioneering full-fledged interest-free commercial bank, ZamZam Bank, has become the 24th financial institution to join the Ethiopian Commodity Exchange's (ECX) payment system. CEO of the Exchange Wendemagegnehu Negera signed the deal with the President of the Bank Melika Bedri last week. According to the CEO, joining the platform which has around 11,000 accounts registered and has transacted over 386 billion Br so far, will allow a reliable mechanism whereby traders can be certain that pay...


AfDB, ADF to Chart Transformation Path at Diamond Jubilee

The African Development Bank (AfDB) and the African Development Fund (ADF) are gearing up for a major joint meeting in Nairobi, Kenya, expected to draw around 4,000 participants. The event, taking place at the Kenyatta International Conference Centre in late May, will focus on "Africa's Transformation," a theme reflecting the continent's ongoing pursuit of economic and social development. "Despite progress over the years, Africa's transformation remains incomplete," said Vincent O. Nmehielle...


Big Art Sale Returns to Addis

The annual Big Art Sale returns to Addis Abeba this weekend. Over 100 artists are expected to showcase their original works and prints at the Hilton Addis. What's Out Addis in partnership with the Hilton Hotel is behind the event that showcases the works of over 100 artists. Big Art Sale has been around for the past 18 years showcasing paints and prints. According to organisers, it offers a chance to meet the artists and enjoy a variety of art forms with a dedicated Kids' Corner and food and...