MPs Pass Bill with Divided Votes

Mar 16 , 2019

The bill drafted for a loan agreement to finance the Meqelle Water Supply Development Project was passed for further review with 20 abstentions and against votes. The 230 million dollars of financing that came from the Export-Import Bank (EX-IM Bank) was aimed at financing the construction of a dam on Giba River with a capacity of holding 362 million cubic meters of water. The project also includes the construction of a water treatment plant with a daily treatment capacity of 136,700 cubic metres roads, procurement of electromechanical equipment and other utilities. After a fierce debate, the bill was passed to Finance, Revenues & Budget Affairs Standing Committee for further review. The framework for the interest-free loan agreement was signed in May 2018 in Addis Abeba, while the concessional loan was signed in Beijing the following month between the governments of Ethiopia and China. The loan will be repaid within 20 years and has between seven to 10 years of grace periods.



Women around the Koshe area hunt through piles of trash to find scraps of metal to sell. With close to three million people unemployed in the country and a headline inflation of 33pc, unskilled labour is in little demand. Ethiopia has an adult literacy rate of 51pc, with fewer numbers going past high school. Less than three percent of 12th-grade students made it to universities this year while the rest were at the mercy of remedial exams...



An old wooden car that was part of a commercial campaign by a furniture company around the Beherawi Theatre area. Ethiopia's forest coverage to national land size has been registered at 15pc to the latest data by the World Bank. The current Prime Minister Abiy Ahmed launched an initiative labelled 'Green Legacy' to plant five billion trees in 2020 claiming an 83pc success...



A young boy attempts to pull a piece of cloth from an overloaded pickup truck around the Ayer Tena area. Observing an unsupervised child on the streets of the capital has become a common sight, with sporadic conflict across the country creating nearly four million internally displaced people. Despite the last census having been conducted 16 years ago, the population of the country is estimated at 120 million...