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Energy Minister Unveiled $20m Renewable Energy Project

Oct 15 , 2022


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Ministry of Water & Energy launched a renewable energy project dubbed Distributed Renewable Energy Agriculture Modalities (DREAM) with funds secured from the Global Energy Alliance for People & Planet and the Africa Development Bank (ADB). The project aimed to address solar-generated energy to agriculture, primarily for irrigation across the Amhara, Oromia, Sidama, and Southern Regional states. It is implemented with a 20 million dollar cost. It is part of Ethiopia's national electrification program, which aspires to cover its geography with electricity in 2030. Over 15,000 people will access energy, clean water, and street lights. The project hoped to replace diesel engine pumps with electric-powered alternatives for the irrigation project on 1,500hcts of land. Recently, the federal government has launched a project to build a hybrid mini-grid power plant in all regions, except Harari, Tigray, and Benishangul-Gumuz, at an estimated cost of 217 million dollars to generate 35MW power. The project will have the capacity to deliver power to 240,000 households.


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Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


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EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


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Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...