Water, Electric Utilities Generate 7.9b Br

Aug 24 , 2019


[ssba-buttons]

Addis Abeba Water & Sewerage Authority and Ethiopian Electric Utility have collected more than 7.9 billion Br from operations in the last fiscal year. AAWSA has collected 862 million Br from a planned 1.2 billion Br, while EEU has collected 7.2 billion Br from the target of 9.4 billion Br. AAWSA collected 767.5 million Br from the provision of clean water and the remaining 26.9 million Br was collected from sewerage. AAWASA is working with Commercial Bank of Ethiopia for utility payment services starting from August 1, 2019. EEU takes 40pc of the total revenue, while the remaining 60pc will be taken by Ethiopian Electric Power Authority. Ethiopian Electric Utility is a public enterprise with the main responsibility of distributing electric power across the country, while the latter is involved in electric power generation.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...