Utility Collects Outstanding Electric Bills

Jan 19 , 2019

Ethiopian Electric Utility collected half of the 700 million Br still outstanding in electric bills from its customers in the first half of the current fiscal year. “The Utility has started taking action against customers that are delinquent,” according to its CEO, Shiferaw Telila. The Utility planned to collect nine billion Birr in annual revenue from its customers, which is far short of the 35 billion Br the Utility says it needs to properly run its infrastructure projects. The reason for the recent price adjustment was to meet the specified target amount in four years time, according to Shiferaw. Just before the beginning of the current fiscal year, the firm underwent major organizational and operational changes. This led to 11 deputy CEOs being appointed to newly established offices in the nine regional states and two city administrations.


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...