Water Authority Sees Revenues Rise

Sep 6 , 2020


The Addis Abeba Water & Sewage Authority generated 1.3 billion Br in revenues from water billing in the just ended fiscal year. The revenues, collected through payments for water services as well other means, represents 86pc of the target. The revenues increased by 470 million Br compared to the previous year. The Authority, which previously used Lehulu, a one-stop-shop for various utility payments operated by Kifiya Financial Technologies, has now transferred payment collection to the Commercial Bank of Ethiopia (CBE). Lehulu was a public-private partnership created to handle all services related to utility payments in Addis Abeba for the last seven years. The Authority has also upgraded its water metre reading systems and worked on collecting unpaid bills by individuals and companies.


Radar

Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


Radar

Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a statement issued by the National Bank  following the auction, it was indicated that 70 million dollars was offered for the event. Subsequently, it was reported that 96 pc of the foreign exchange needs of the participating banks were met. In the previous auction, held 15 days ago, the bank had of...


Radar

City Registers 64,075 Births in Fiscal Year

The city has exceeded its birth registration target for the first nine months of the fiscal year, registering 64,075 children—71.15pc more than the set goal of 58,342. This success, with a registration coverage rate of 109.63pc, is largely attributed to the efficiency of the one-centre birth registration service system, which has been rolled out across health centres and courts. The total number of vital events registered, including births, adoptions, marriages, divorces, and deaths, reache...