National Quality Infrastructure Project to See $14.6m in Additional Financing

Feb 12 , 2022


The World Bank has approved 14.6 million dollars in additional funding for the National Quality Infrastructure Programme. The programme kicked off in 2017 with an outlay of 50 million dollars to support quality improvement in the textile, leather, horticulture and honey processing industries implemented under the Ministry of Trade & Regional Integration. The first phase, initiated with a budget of 38 million dollars, targets to improve quality control offices through equipment provision and develop an improved rating system. The programme has also been granted a one-year extension, pushing the end date to July next year. Procurement and operational delays due to COVID-19 and a lack of qualified bidders were the factors behind the restructuring request, according to Addis Temteme, head of monitoring and evaluation at the project office in charge of the project.


Radar

Speeding in the Spotlight as New Safety Drive Begins

The Road Safety and Insurance Fund Service has stated that drivers are responsible for 68 percent of traffic accidents in Ethiopia, with the remainder mainly caused by pedestrians and road conditions. On this topic, the service launched a one-month mass media campaign on Wednesday focused on raising awareness about speeding, the leading cause of traffic accidents. The campaign, under the motto "Slow Down, Speeding Ruins Lives," plans to shed light on the dangers of speeding. Yohannes Lemma, E...


Radar

Askari Metals Secures Five Gold Licences in Ethiopias Untapped Adola Belt

Askari Metals has acquired 100pc of Rift Valley Metals, gaining five gold exploration licences covering 460sqkm in Ethiopia's Adola Greenstone Belt, part of the southern Arabian-Nubian Shield, a mineral-rich but underexplored region. "The exploration areas—Sakaro, Sakaro West, Lega Dembi South, Megado, and Wayu Boda—lie near Ethiopia's top gold mines, including Lega Dembi and Sakaro, which have produced over three million ounces of gold. The area is known for orogenic gold systems hosted...


Radar

COMFWB Trade Fair to Spotlight Gender-Inclusive Investment

The 6th COMESA Federation of Women in Business (COMFWB) Regional Trade Fair, Business Conference, and Gala Dinner will be held from May 7–9, 2025, in Addis Abeba, as part of COMESA Week. Organised by the Common Market for Eastern and Southern Africa (COMESA) and COMFWB, the event is themed “A Thriving COMESA Advancing Gender-Responsive Regional Integration for Unlocking Green Investments, Value Chains, Tourism and Mining in the African Continental Free Trade Area (AfCFTA).” The event pl...