World Bank, IFC Conclude Lighting Project

Dec 28 , 2019

Lighting Africa, a joint International Finance Corporation and World Bank initiative, concluded the national programme after electrifying the households of 12 million people with solar technology. The four-year project was launched with the aim of promoting access to off-grid lighting and energy services for those not connected to the grid by mobilising the private sector to build sustainable markets for affordable, high quality and modern off-grid solar products. The programme also trained over 300 solar technicians, solar distributors and retailers. Moreover, the programme reached over 20 million people with consumer education campaigns. The goal of the project was to develop a commercial market for high-quality solar lanterns and kits that enable access to safer off-grid lighting for 11.8 million people by December 2019 by working in partnership with companies in the off-grid lighting sector.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...