Nation Completes Megech Seraba Irrigation Project

Oct 26 , 2019


Megech Seraba Irrigation Project, which was built for 1.3 billion Br, was inaugurated last week in Gonder, Amhara Regional State. Sileshi Bekele (PhD), minister of Water, Irrigation & Energy, and Temesgen Tirunh, head of the Amhara Regional State, attended the inauguration ceremony. Expected to benefit 30,000 household farmers, the irrigation dam has a capacity of developing 4,000ha of land. The 1.8-billion-cubic-metre irrigation dam took seven years to complete. The government, which has endeavored to reduce the cost of mega-projects for the past two years, has allocated close to 15 billion Br this fiscal year for the construction of irrigation dams with the main target of increasing agricultural productivity at a national level. Most of the irrigation dams in the country are known for delays and cost overruns. Beginning this year, the Office of the Auditor-General confronted the Ministry over the inflated costs of the Zarema Mayday and Megech irrigation dams, which have reached a combined total of 13.6 billion Br from the initial estimation of 6.7 billion Br.


Radar

With New Tariffs, Trump Upends Decades-Old Ethiopia Trade Preferences

The Trump Administration has unexpectedly included Ethiopia in the list of countries subjected to new trade measures, imposing a 10pc levy on Ethiopian imports into the United States while granting a reciprocal 10pc tariff on American goods headed to Ethiopia. The move marks an unanticipated shift in Washington's approach to Addis Abeba, which for years benefited from duty-free access under the African Growth & Opportunity Act (AGOA). The tariff-free provisions had propelled apparel expor...


Radar

Unilever Ethiopia Eyes Triple Sales Under New Executive

Unilever Ethiopia plans to triple its annual sales within the next five years, aiming to reach 200 million euros. The growth push is led by 42-year-old Nesibu Temesgen, who took the top job this month, as the first Ethiopian national to claim the top executive position in the company. Unilever, a multinational company operating in more than 190 countries, established its Ethiopian presence in 2014. From its base in the Eastern Industrial Zone near the town of Modjo, the firm produces recognis...


Radar

EU Grants Ethiopia a 240 Euro to Support Key Sectors

Financial Assistance Targeted at Agribusiness, Digital Expansion, and Democratic Institutions The European Union (EU) has agreed to provide Ethiopia with a grant of €240 million to support development initiatives across key sectors. This financial assistance will primarily bolster projects in agribusiness, enhance digital competencies, and strengthen democratic institutions. Furthermore, the agreement will support public administration and facilitate efforts to promote stability and reco...