Saudi Firm Secures Nation’s First Solar Project

Sep 14 , 2019


[ssba-buttons]

The Ministry of Finance approved the financial offer placed by a Saudi Arabian energy company to generate and sell solar power to the government from two farms in Somali and Afar regional states. The Public-Private Partnership (PPP) Board under the Ministry announced ACWA as the winner of the project to generate 250MW of power from Gad and Dicheto solar projects. ACWA offered 0.0252 dollars a kilowatt-hour for Gad and 0.0259 dollars a kilowatt-hour for Dicheto. The projects, which will cost 300 million dollars, are expected to be completed within 18 months. After generating solar power, ACWA will sell it to the Ethiopian Electric Power. Gad is located 40Km from Dire Dawa in Somali Regional State, while Dicheto is found 90Km from the town of Semera, close to the border with Djibouti in Afar Regional State.


Radar

Milkii App Disburses 25 Million Br in Collateral-Free Loans in Two Months

Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million Br in revenue within just two months. Developed in partnership with Quantum Technology PLC, the app plans to make lending more accessible and inclusive, aligning with Oromia Bank's contribution to the Digital Ethiopia initiative. According to a press release, Milkii promotes financial inclusi...


Radar

Ethiopia Partners with UK to Ease Shipping Bottlenecks

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hilton Hotel Addis Abeba, to address skills gaps, customs delays, and corridor inefficiencies in the freight and logistics sector. The partnership focuses on technical cooperation, training, and regulatory reform. With over 90pc of trade dependent on the Djibouti corridor, rising congestion, customs...


Radar

Education Authority Sanctions Mishqen College for Rule Violations

The Education & Training Authority has issued a decisive directive last week, mandating legal action against Mishqen College for persistently defying regulatory orders and unlawfully continuing to offer higher education services. Mishqen College had previously been licensed to conduct undergraduate distance learning programs across multiple regions from 2019 to 2022. However, after serious regulatory breaches, the institution was ordered to cease all instruction, complete pending academic...