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The Ethiopian Ministry of Water and Energy concluded a 2.4 million birr project to assess the Water Sanitation and Hygiene of Addis Ababa on the 1st of December as part of a national effort.

It is expected that the information gathered will play a crucial role in helping Ethiopia provide 100% water supply coverage.

The assessment included water supply for households, sanitary facilities, and the financial ability of households to pay the water rates. The inventory was carried out by data collectors trained from each area.

A 150% tax will be imposed on the export of semi-finished leather from Ethiopia as of this month according to the Ministry of Finance and Economic Development. The move is expected to encourage the export of finished leather and leather products.

The new tax was announced by a joint statement of the MoFED and the Leather Industry Development Institute.

A milk processing center was inaugurated in Oromia Regional State, Ethiopia. The processing center was constructed with the financial support of the Japanese government said a press release from the Japanese Embassy.

The Japanese Grant Assistance for Grassroots Human Security Projects provided 86,581 US dollars in funding for the project.

The Saudi Star Agriculture Development plc, has named Fikru Desalegn, former State Minister for Capacity Building as its new Executive Director. The retired minister took over, one of the largest agro-industry projects in Ethiopia, as of November 1st said Haile Assegide outgoing executive director and current Chief Executive of Derba MIDROC and Tossa Steel Mill.

The new Executive Director will oversee the agro-industry project launched by Saudi Star in Gambella Regional State. He is expected to mange the operation of the rice farm as well as direct the construction of two mills in Gambella and Bishoftu.

Berhan International Bank, Ethiopia announced  after tax profits of 21.3 million birr, for the last fiscal year. The bank had registered a loss of 5.6 million birr in its first year of operation.

BIB mobilized 694.4 million birr in the reporting period. Savings and time deposits made up 73.3% of the total deposits while the rest was made up of demand deposits.

The Ethiopian Petroleum Enterprise awarded a 29.5 million US dollar contract to Huyton Inc Company. The contract is for the supply of coal to realize Ethiopia’s plan to use coal as fuel in cement factories.

The contract to be signed next week is for the import of a minimum of 650,000 tons of coal every month beginning from next month, for one year. 

The Addis Ababa, Ethiopia City Roads Authority is to establish a traffic management bureau to solve the traffic light problem in the city. The traffic light problem in the city requires more than maintenance services said Fekade Haile Manager of the AACRA.

The new traffic management bureau is expected to carry out an in depth study of the traffic conditions in the city and the role of traffic lights to propose a solution to the existing problems.

A team from the Ethiopian Revenues and Customs Authority investigated Nile Drilling and Exploration plc for alleged evasion of customs duties on imported items to Ethiopia.

The team seized a water well drilling rig from the company’s garage according to sources. It was alleged that  the rig had not fulfilled mandatory customs formalities.

The water well drilling rig passed Modjo checkpoint and was taken to the Indian company’s garage without passing the Kality Customs clearance point said the sources. This was found to be in contravention of customs procedures which require imported items entering the capital to be cleared by the Kality office before their owners can take legal possession of them.

Ambo Gnemer announced plans to carry out gold exploration in Oromia Regional State, Ethiopia. The company is set to invest in cement manufacturing, vegetable and fruits, animal husbandry and sugar development as well as gold exploration.

Ambo Gnemer will carry out its exploration on 21,000 hectares of land outside of Ambo in Oromia Regional State according to Nigussie Gedefa, Marketing and Project Office Coordinator.

The company has high hopes for the gold exploration site as local miners are actively producing precious minerals in the area where Ambo Gnemer expects to be producing gold said Nigussie.

The city administration of Addis Ababa, Ethiopia, has committed to improve the capital’s information system according to Kefeyalew Azeze, Head of the Addis Ababa City Administration Public Relations Office.

The Addis Ababa administration plans to set up a modern and effective technology based information system he said, speaking at a two-day training held on effective information management given to senior officials.