World Bank Grants $210m for Water Supply Projects

Jun 18 , 2022

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.


Pivots in Business Maze

A set of projects spearheaded as part of ease of doing business reform with a 7.2 million euro finance from the European Union (EU) is set to improve and navigate the lingering concerns in Ethiopia's business landscape. E-governance projects are undertaken by GIZ International Services and Mckinsey & Company in cooperation with five federal agencies, including the Justice, Trade,  Innovation, Revenues ministries and National Bank of Ethiopia (NBE) are part of the wider plan to improve the d...


Dashen Bank Board Reinstates its Chair

Dashen Bank re-appoints Dula Mekonnen as its Board Chairman, extending his tenure for another three years. The decision was made during a board of directors meeting held at the Sheraton Addis Hotel last week. Dula holds a first degree in electrical engineering from the Adama Science & Technology University and a graduate degree in business management. With a diverse leadership background spanning three decades, Dula has served as a manager at Ethio-Leather Industry Plc and managed Wenji S...


Digital Fuel Transactions Soar Amid Subsidy Drop

Nationwide digital fuel transactions have exceeded the 155.4 billion Br mark, as the Ethiopian Petroleum & Energy Authority released a half-year report last week. Consistent reductions in fuel subsidies have led to the fuel price stabilisation fund hitting an all-time low of 117.4 billion Br, a decrease of 79.6 billion compared to the previous year. The report highlights the successful monitoring of subsidies across the country's 1,589 fuel stations, benefiting nearly 200,000 transporters...