Third-Phase GERD Filling Wraps Up

Aug 13 , 2022


[ssba-buttons]

The third phase of filling the Great Ethiopian Renaissance Dam (GERD) wrapped up last week. The reservoir has thus far stored 22 billion cubic metres of water, less than a third of its total capacity of 74 billion cubic metres. Two of the Dam's 13 turbines are operational, generating 540mw of power. When the Dam begins operating at full capacity, each turbine will generate 375 megawatts of power. The dam first began generating electricity in February this year. A decade ago, the late Prime Minister Meles Zenawi launched the construction of Africa’s largest dam in the village of Guba, some 20Km from the Sudanese border. Ethiopia's power generating capacity remains at 4,300mw, 90pc of which comes from hydropower dams located on nine of its major rivers.


Radar

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...