Half a Billion Birr Flood Management Project Onboards Contractors

Jun 30 , 2024


[ssba-buttons]

Five local contractors have entered into a 515 million Br deal with the Ministry of Water & Energy for flood risk management projects in Oromia and Afar Regional States. Habib Hussein Construction, Wada Engineering & Alison Fromsa Construction, Habib Hussein Water Works Construction, Solomon Tadesse Water Works Construction and  Aklasia General Water Works Corporation signed the deal with State Minister for Water & Energy Adugna Bekele(PhD). The projects signed off at the Ministry's headquarters on Haile Gebre Silase St will be distributed across seven high-risk areas in the two regions. Adugna underscored the importance of developing flood risk management mechanisms in the future due to the accelerated risks posed by climate change. His comments stem from heavy rainfall across East Africa in the past few months, which disrupted the lives of 70,000 people in Ethiopia. According to the latest report by the United Nations Office for the Coordination of Humanitarian Affairs, severe climate events (drought and flooding), conflicts, and disease outbreaks continued to cause displacement and push millions of people into acute food insecurity, high levels of malnutrition, and public health emergencies.


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...