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The Ethiopian Construction Works Corporation (ECWR) was awarded a 4.5 billion birr road project to be built here in Addis Ababa on November 18, 2020. It is the first mega project floated by the Addis Ababa Road Construction Authority (AACRA) that ECWR won in recent years. On Wednesday November 18, 2020, the authority and the corporation signed their first agreement to build 118km of roads in the capital city. In a ceremony held at AACRA’s headquarter, the contract was signed by ACRA’s Director General,…

Ethiopian Electric Power stated that the country has planned to build 71 power projects demanding over 40 billion USD over the next 10 years. Ethiopian Electric CEO, Andualem Siae said the project cost is expected to be covered by private and public partnerships, the African Development Bank, the World Bank, other development partners and financiers, Ethiopian Electric Power and the Ethiopian government. Among the projects planned to be built in the next 10 years are 16 water, 24 wind, 17 steam…

The Ethiopian construction industry is expected to expand by 4.7% in real terms in 2021 - up from a growth rate of 3.1% in 2020. Construction activities held up relatively well despite the outbreak of the Coronavirus (COVID-19) pandemic. The government did not impose a strict lockdown in response to the outbreak, and although it imposed a state of emergency in early April 2020, construction activity was encouraged to continue during the crisis, which helped industry output growth in 2020. In June…

In the face of a rapidly warming planet, protecting and restoring the world’s ecosystems is critical for safeguarding the biodiversity we all depend on and for helping us adapt to a changing climate. In addition, restoring ecosystems around the world has the potential to draw down about 30% of accumulated global carbon emissions and is key to limiting the worst effects of climate change. But where do we start and how? How Google technology helps unlock ecological insights As part of their work to…

Recent wildfires, floods and other natural disasters remind us that everyone has to take action to move the needle on climate change — from scientists and researchers to governments at all levels and businesses of all sizes. Google Earth Engine combines satellite imagery and geospatial data with powerful computing to help people and organizations understand how the planet is changing, how human activity contributes to those changes and what actions they can take. Over the past decade, academics,…

ADDIS ABABA - The intensified soil and water conservation activities that have been carried out around the Grand Ethiopian Renaissance Dam (GERD) would have a pivotal importance to minimize soil erosion and ensure the mega project's sustainability, experts in the field said. Speaking to local media, Bahir Dar University Lecturer Mulatu Liyew said that Ethiopia loses about 400-573 million tons of soil by erosion annually. Also, the country loses 265-344 million tons of soil every year by River Nile,…

The private company announced to engage in house construction to support the government scheme and improve the lively hood of middle and poor - income citizens through providing loan up to 1 billion Birr. The first ever established private mortgage bank known as Goh opened its branch office and began working. The Bank President Mulugeta Amare indicated that, in order to improve the housing condition particularly the poor income segment of the society, the bank pursues four steps. In addition to…

ADDIS ABABA, June 17 (Xinhua) -- Chinese construction firm, China Civil Engineering Construction Corporation (CCECC), on Thursday launched the construction of a 110 million U.S. dollars Modjo dry port expansion project in central Ethiopia. The Groundbreaking ceremony for the construction of Ethiopia's largest dry port was attended by senior Ethiopian government and World Bank officials. Speaking at the ceremony, Dagmawit Moges, Ethiopia Minister of Transport, said the expansion of Modjo dry port…

Mesganu Arga Moach, Minister of State for Trade and Industry and Commissioner-General of the Ethiopia Pavilion at Expo 2020 Dubai, said the country’s pavilion, themed, “The Land of Origins and Opportunities,” will focus on Ethiopia’s rich heritage and opportunities. Moach said that the Ethiopian pavilion will showcase the innovative development of the country’s natural resources, industry, digital economy, cultural diversity and nature, noting it will also feature a model of the oldest human remains…

The United Arab Emirates firm, the Eagle Hills, has launched an estimated $2 billion integrated community development project in Addis Ababa. The Ethiopia government will have 27 percent share in the project which includes malls, 4,000 apartment houses, three star hotels and recreation centers, according to Prime Minister Abiy Ahmed, who launched the project Monday night. The project is estimated to take up to seven years to be completed. According to the master plan, some 1,600 households whose…