Industries Forge Alliance to Recycle Water

Aug 14 , 2021


Bottling companies and industries involved in agri-businesses partners to form an alliance in a bid to recycle water that they use for their establishments. Supported by international organizations, including the Water Aid, the formation of the alliance was faclitated by the Ethiopian Bottled Water, Soft Drink, Fruit & Vegetable Manufacturing/Processing Industries Association. Funds collected for the alliance have so far reached 135,000 dollars, of which 35,000 dollars was collected from members and 100,000 dollars from P4G – Partnering for Green Growth and the Global Goals 2030. The Alliance is also reviewing proposals from interested parties that came up with ideas on how to use water efficiently in the industries where consumption of water is very high. Four proposals have been selected from a total of 360 collected since 2019. Setting  August 26, 2021, as the formation date, the Association of 120 manufacturers and supporting organisations are set to convene at the Hilton Hotel, and sign the alliance formation charter. After the formation, the alliance will form its management and be tasked with the assignment of registering as a civil society organisation.


Radar

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...


Radar

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...


Radar

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...


Back
WhatsApp
Telegram
Email