FORTUNE+ VIDEO SPONSORED CONTENTS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo



Premier Inaugurates Welmel Irrigation Dam

Feb 8 , 2020

Prime Minister Abiy Ahmed (PhD) inaugurated the Welmel River Irrigation Development project in Oromia Regional State. Built on Welmel River in Bale Zone, the project has the capacity of watering 11,000ha of land and benefits more than 22,000 farmers. It has already benefited 1,123 farmers by providing water for their 400ha of land. The Premier also laid the foundation stone for the construction of the Chelchel Dam & River Irrigation Development Project, which is expected to consume 2.8 billion Br and benefit 8,000 semi-pastoralists and farmers. The dam, which will rest on 4,154Km of space while covering 326ha of land, aims to ensure food security and job creation in Raayituu and Gindhiir weredas. Shimeles Abdisa, vice administrator of the Oromia Regional State, accompanied the Premier during the ceremony.

Radar

ARCANE MARKERS

Hamere Berhan' at the old post office prints books using ancient paper made from animal skin called 'Birana'.  It is part of the Ethiopian Orthodox Tewahdo Church which has had scribes for close to two millennia. The shortage of paper is evident with close to 10 companies operating in the paper conversion industry and a single paper mill in the country. Local players have seen their market share drop over the years and are looking to regain it. ...

Read more >>

Radar

GREEN SHIFT

A palm tree is moved to a new location for replanting around Meskel square. The global effort to battle man-made climate change has gained steam over the last few years. African countries have shifted gears in trying to unlock climate financing from the global north. With debt-to-GDP ratios averaging around 62pc continent-wide, many countries are utilizing the climate narrative to get debt structuring. This was one of the appeals of the Prime Minister of Ethiopia when he addressed the AU summit...

Read more >>

Radar

STRUCTURAL MAKEOVER

The area around Ambassador, famous for its souvenir shops, is getting demolished for real estate development. The Addis Abeba City Administration has ramped up efforts to remodel the city's architecture over the last few months. The capital was established by Emperor Menelik 137 years ago. He also introduced the first telephone, car, hotel, and hospital to the country. A construction project headed by the mega projects office to commemorate his victory over the Italians at Adwa is 70pc complete...

Read more >>