Power Agency Lights up Gonder with 246m Br

December 10 , 2018


Power Agency Lights up Gonder with 246m Br

Ethiopian Electric Power has upgraded and expanded a distribution station located in Gonder for 246 million Br. The project took one year to complete, and it has begun operation with full capacity last month, according to Dawit G.Egziabher, the project site manager. The expansion project upgraded the station’s distribution capacity from 40MW to 166MW and installed two new transformers that can carry 15,000 volts of electricity. These upgrades have relieved the power interruptions that were cause for a lot of complaints from the four industrial parks in Azezo, according to Dawit. In addition to Gonder, the upgrade will also benefit its neighbouring towns


Radar

Ministry Revokes Hundreds of Mining Concessions

The Ministry of Mines has revoked the licenses of 972 for alleged non-compliance with the terms of their exploration and production permits, and involvement in illicit trade.  Among those on the receiving end of the measure is Kefi Gold, a firm that has been conducting gold exploration in the Western Wellega Zone of the Oromia Regional State for over a decade. The 2,000hct exploration area is estimated to hold deposits of close to 50,000Kg of gold. Last week, the National Bank of Ethiopia ap...


Radar

World Bank, Fed Agree on $715m in Funds to Fight Food Insecurity

The World Bank Group and the Ministry of Finance have signed an agreement for 715 million dollars to go towards fighting food insecurity. Most of the financing (600 million dollars) is earmarked for the implementation of a Food Systems Resilience Programme. A third of the amount is in the form of grants, while the balance is credit. An additional 115 million dollars is pledged for improving access to financial services and bolstering economic activity in pastoralist areas. The areas target...


Radar

DISRUPTION HOPEFULS

Youths checkout a booth at the AddisRupt Expo 2022, which was hosted at Safari Hotel on June 25, 2022. The expo focused on technological and entrepreneurial work, showcasing over 20 startups to visitors. The promoters of the expo aimed at connecting startups with investors and was organized by firms such as LinkUp Addis, Profit Marketing and Afromile Trading...