World Bank Grants $210m for Water Supply Projects

Jun 18 , 2022


[ssba-buttons]

The World Bank Group has granted 210 million dollars in support of a nationwide water project. Part of the funding will be used to carry out assessments and expansion projects in 67 weredas by experts at the Ministry of Water & Energy. Water supply projects in 55 weredas, as well as four small-scale irrigation schemes in the Borena Zone of the Oromia Regional State, are set to benefit. Earlier this year, the Ministry awarded two firms a half-billion Birr contract to supply and install equipment that controls and measures utility water flow to cut down on wastage. Studies conducted by the Ministry revealed that close to 40pc of the water supply goes to waste, with the volume increasing in some places.


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...