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Ethiopia: Abiy Ahmed inaugurates Bure Integrated Agro-Industrial Park in Amhara State

Ethiopia: Abiy Ahmed inaugurates Bure Integrated Agro-Industrial Park in Amhara State Published 2 months ago Prime Minister of Ethiopia, Abiy Ahmed, has inaugurated the Bure Integrated Agro-Industrial Park (IAIP) in Amhara State. Photo: UNIDO In his remarks, Abiy stated that his government regards the integrated agro-industrial parks as a priority. Referring to the Christian Bible and the first public miracle of Jesus when he turned water into wine at a wedding feast in Cana, the Prime Minister called the Bure IAIP the “Cana of Ethiopia”, which, he said, is expected to lead the country to prosperity by exporting agricultural products to the global market.

World Bank approves $500m to improve electricity access in Nigeria

The World Bank approved $500 million to support the government of Nigeria in improving its electricity distribution sector. The project will help boost electricity access by improving the performance of the Electricity Distribution Companies (DISCOs) through a large-scale metering program desired by Nigerians for a long time. In addition, financial support would be provided to private distribution companies only on achievement of results in terms of access connections, improved financial management and network expansion.   85 million Nigerians don’t have access to grid electricity. This represents 43% percent of the country’s population and makes Nigeria the country with the largest energy access deficit in the world. The lack of reliable power is a significant constraint for citizens and businesses, resulting on annual economic losses estimated at $26.2 billion (₦10.1 trillion) which is equivalent to about 2 percent of GDP. According to the 2020 World Bank Doing Business r

$500M world Bank electricity fund: SERAP flays approval, calls for publication of documents

Vanguard News Translate $500m World Bank electricity fund: SERAP flays approval, calls for publication of documents On By Olasunkanmi Akoni Socio-Economic Rights and Accountability Project, SERAP, has urged the World Bank to release archival records and documents relating to spending on all approved funds to improve access to electricity in Nigeria between 1999 and 2020. It also demanded it to show the bank’s role in the implementation of any funded electricity projects, identify and name any executed projects, and Nigerian officials, ministries, departments and agencies involved in the execution of such projects. The World Bank Board of Directors had last week approved $500 million to help boost access to electricity in Nigeria and improve the performance of the electricity distribution companies in the country.

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