Third-Phase GERD Filling Wraps Up

Aug 13 , 2022

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.


Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...