Ethiopian Sugar Corporation disclosed, restoration of Methara Sugar Factory, one of the sugar factories in Ethiopia – where the supply can’t meet the demand – has reached 90 percent completion rate. The restoration job was needed following the damaged that caused by a storm.
The Ethiopian Revenues and Customs Authority (ERCA) announced, it has collected 25.3 billion Ethiopian birr revenue from various income titles during the first quarter of the current Ethiopian Fiscal Year, ERTA reported.
Education and communication director with the Authority, Efrem Mekonen told the press on Saturday that the sum was obtained from domestic tax, foreign trade and lottery sales.
Reykjavik Geothermal, the Icelandic geothermal development company, plans to launch drilling on its US$ 2 billion project in Ethiopia by July, Chief Operating Officer Gunnar Orn Gunnarsson said.
An irrigation dam project worth 3.8 billion birr was launched yesterday by Prime Minister Abiy Ahmed. The project which is named Rib is situated in South Gondar Zone of Amhara Regional State and has the capacity to hold 234 million cubic meters of water. Rib is expected to develop 20,000 hectares of land and benefit 40,000 farmers. It is also believed that it will protect Lake Tana from alluvial deposits, especially from soils formed in the river valleys.
The project which started with 1.3 billion birr in 2008 has a six year overdue irrespective of the initial plan included finalizing and delivering within four years of time.
Source: Ethiopian News Agency
Ethio telecom and Hybrid Designs have partnered to utilize telebirr digital payment system with a view to integrating telecom and telebirr services with RIDE transport service. The two companies signed an agreement that will enable RIDE transport service providers to collect monthly ethio telecom and utility bill payments, register new telebirr customers, upgrade telebirr customer levels, provide cash in and cash out services, and sell airtime and package services.
