Regional Enterprise to Build Dam for 1.5b Br

Jun 27 , 2020


Amhara Water Works & Construction Enterprise secured a deal to construct the Ajimma Chacha Irrigation Dam in the Semien Shewa Zone, Amhara Regional State, for 1.5 billion Br. The agreement was signed between the Irrigation Development Commission Commissioner Micheal Mehari (PhD) and CEO of Amhara Water Works Construction Enterprise, Zemene Tsehay. The Dam, which will be built in the Angolela Tera Wereda, will have a capacity of 59 million cubic metres. It spans over a footprint of 7,000ha and is expected to benefit over 14,000 households. Located in the eastern edge of Semien Shewa Zone, it will have a height of 45m and a length of 371m. The construction of the project is expected to be completed in two years. This year the Commission has awarded four projects worth over eight billion Br including the Kaza Irrigation Dam in western Tigray Regional State for 4.3 billion Br and Kahild Dijo Irrigation Dam in Silte Zone for 1.2 billion Br. Currently, the total irrigated site in the country is far less than eight percent of the 15 million hectares of cultivated land and, from this, only about 20pc of the estimated 5.8 to 7.5 million hectares of the parcel could be irrigated.


Radar

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email