GERD to Start Early Generation in June

Nov 28 , 2020


[ssba-buttons]

The Grand Ethiopian Renaissance Dam (GERD) will start early generation next June, according to Seleshi Bekele (PhD), minister of Water, Irrigation & Energy. Started a decade ago, the construction of the Dam has reached over 70pc of completion, and the first water filling was finalised in July of this year. The Dam, which has a capacity of producing 5,150MW of energy, was scheduled to be completed in five phases: a contract signing that was meant to be finalised during the first quarter of 2011; impounding that should have been started in the second quarter of 2013; early generation, scheduled to have been launched in the third quarter of 2014; completion of civil work, which was planned to be concluded in 2016; while full completion was scheduled for mid-2017. The latest round of tripartite negotiations between Ethiopia, Sudan and Egypt was held two weeks ago. Ethiopia finalised the first water filling before the negotiations between the three countries concluded.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...