Solar Power Plant Breaks Ground in Somali

Oct 10 , 2020


[ssba-buttons]

Somali Regional State has inaugurated the country's first micro-grid solar power plant built at a cost of 4.3 million Br. The power plant has the capacity of generating 325 kilowatts of electric power at a time. The project was launched in the presence of Seleshi Bekele (PhD), minister of Water, Irrigation & Energy and the vice president of the Somali region, Mustefa Mohammed. The solar power plant is located in Korele and is one of the 12 pilot projects in the country. The Ministry has been working on the installment of 11 more micro-grid solar power plants in seven other regional states. The micro-grid power project was financed by a budget from the government of Ethiopia and the World Bank. After completion, the 12 solar power grids are expected to have the capacity to generate a total of 3,800 kilowatts. The government is also reaching out to 250 rural places with micro-grid solar electric power under the National Electrification Programme.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...