If former Minister of Finance Sufian Ahmed had said the foreign exchange shortage is structural and will remain with Ethiopia for decades to come, that is precisely what Eyob Tekaleign (PhD), state minister for Finance, would want to see changed. The foreign exchange crunch should stop defining the Ethiopian economy, Eyob declared early on last week, standing before members of the international community, briefing them on the new economic reform agenda conveniently characterised as “homegrown”. The audience was receptive to the "ambitious" reform the administration of Prime Minister Abiy Ahmed (PhD) rolled out and agreed it is "doable".
"The Reform Agenda is our pro-job, pro-growth, and pro-inclusivity pathway to prosperity," said the Prime Minister. "Join us on this path." In the making for over one and a half years, the tabled reform agenda sees a major departure from the previous dogmatic approach in its aim to rebalance macroeconomic fundamentals and sustain growth. A team of experts from the Ministry of Finance, the macroeconomic team of the Prime Minister, and the National Bank of Ethiopia (NBE) designed the plan to be implemented in the next three years. In his address to the international community, the Prime Minister praised members of this group as "Ethiopia's finest minds."
Ethiopia Launched a revised national electrification plan at a power summit held from 27-29 March 2019 in Addis Ababab, Ethiopia. The comprehensive program document explains the detailed targets the country intends to achieve and the staged approaches to be used for a universal electricity access coverage by 2025.
Source: Africa Energy Forum 2019
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(The National Electrification program, NEP, document):
Adequate, reliable, and affordable electricity access connectivity nationwide is a critical enabler for realizing Ethiopia’s future growth and transformation,economic prosperity, and well-being of all its citizens nationwide. Today, grid connected household connectivity is about 20+ percent of the population. And many priority social services delivery institutions especially in rural areas—schools and clinics—also have limited access connectivity and reliability. There is no time to lose. Following release of the Government’s National Energy Strategy (NES–2016) and reflecting its recommendations, the Ethiopia’s National Electrification Program (NEP)—Implementation Roadmap (IRM) presents the Government’s action plan for achieving universal electricity access nationwide by 2025, in a strategic and comprehensive as well as efficient and transparent manner, for the benefit of all its citizens. Toward this end, the key operational action elements of the NEP-IRM target are:
One Indian and four Chinese firms have secured a project to upgrade electric power distribution lines in six regional towns at a cost of 80 million dollars. Ethiopian Electric Utility awarded the companies with contracts to rehabilitate and upgrade 1,265.6Km of power distribution lines in Wolaita Sodo, Harar, Shashamane, Debre Marqos, Adigrat and Gonder with the tenders divided into three lots. The companies are expected to complete and deliver the project in 18 months.
For the first lot, which consists of the upgrading of power lines in Wolaita Sodo and Harar, two Chinese companies, HHCC and CICC, were awarded. For the second lot that will upgrade the electric power lines in Shashamane and Debre Marqos, Jiangsu Ettern, CICC and China Construction Civil Engineering (CCCE) secured the contract.