Gambella Rolls Out 10.7b Br Asphalt Roads Project

Oct 31 , 2022

Residents in Gambella Regional State are getting asphalt roads for the projected cost of over 10.7 billion Br. Under Habtamu Tegegne as its director general, the Ethiopian Roads Administration is constructing seven roads that cover over 500Km. Roads connecting the town of Gambella to Abobo Puneido, Punedo to Jor, and Kalare to Nyingang are among the roads under construction. The Administration opened a construction management office in the area to oversee the project's performance. The road infrastructure strategic plan projects the full construction to take 10 years, with the 76Km road from Abebo to Majang zone completed.


Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...