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Power Supplier Looks to Consultants For Solar Project

Jun 30 , 2024


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Ethiopian Electric Power (EEP) is seeking consultants for a 10-month feasibility study on the Utility Scale Weranso Solar PV Project, including hydrology, geotechnical, seismic, and solar resource assessments. This project in Afar Regional State is part of the government's expanded scaling solar program, which aims to boost capacity from 4 to 6 projects totalling up to 750MW. It was first announced four years ago but failed to take off due to conflict and a shortage of financing until the African Development Bank allotted funds a few months ago. Ethiopia has abundant renewable energy resources and has the potential to generate over 60,000 megawatts (MW) of electric power, while current output reaches less than 60pc of the country’s population Despite its energy deficit, Ethiopia exports electricity to Djibouti, Sudan, and Kenya to generate foreign exchange. However, success in solar projects has been mixed with several projects under a Public-Private-Partnership format failing to see the light of day. A 795 million dollar project in three regional states six years ago through the Finance Minstry has failed to atrract international attention.


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Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


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Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...