Japan Finances Water Project in Bahir Dar

Sep 21 , 2019

A water project that is fully financed by the government of Japan was kicked off in Bahir Dar City, Amhara Regional State on September 19, 2019. Expected to consume half a billion Birr, the project is covered by the Japan International Cooperation Agency (JICA) and is located at the area called Abay Mado. Expected to be completed in two years, the project will supply 30,000 cubic metres of water. The project will be undertaken with Japanese contractors and consultants. Besides meeting the clean water demand of Abay Mado, the project will raise the potable water coverage of the city to 80pc from 65pc, according to Yimer Habte, deputy head of the region’s Water, Irrigation & Energy Bureau.


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A set of projects spearheaded as part of ease of doing business reform with a 7.2 million euro finance from the European Union (EU) is set to improve and navigate the lingering concerns in Ethiopia's business landscape. E-governance projects are undertaken by GIZ International Services and Mckinsey & Company in cooperation with five federal agencies, including the Justice, Trade,  Innovation, Revenues ministries and National Bank of Ethiopia (NBE) are part of the wider plan to improve the d...


Dashen Bank Board Reinstates its Chair

Dashen Bank re-appoints Dula Mekonnen as its Board Chairman, extending his tenure for another three years. The decision was made during a board of directors meeting held at the Sheraton Addis Hotel last week. Dula holds a first degree in electrical engineering from the Adama Science & Technology University and a graduate degree in business management. With a diverse leadership background spanning three decades, Dula has served as a manager at Ethio-Leather Industry Plc and managed Wenji S...


Digital Fuel Transactions Soar Amid Subsidy Drop

Nationwide digital fuel transactions have exceeded the 155.4 billion Br mark, as the Ethiopian Petroleum & Energy Authority released a half-year report last week. Consistent reductions in fuel subsidies have led to the fuel price stabilisation fund hitting an all-time low of 117.4 billion Br, a decrease of 79.6 billion compared to the previous year. The report highlights the successful monitoring of subsidies across the country's 1,589 fuel stations, benefiting nearly 200,000 transporters...