Dawit sim-card surprised his wife

Sudanese Electric Company officials arrive in Addis Ababa

A delegation led by the Technical Consultant of the Sudan Electric Transmission Corporation (TEC) has arrived in Addis Ababa to hold talks with Ethiopian Electric Power (EEP) officials on the upcoming energy ties between Ethiopia and Sudan.

He said the talks to be held in Addis Ababa are aimed at resolving issues raised in previous negotiations and setting the direction for the future.

He said the talks will focus on the request of the Sudanese Electric Company to purchase an additional 1,000 megawatts of electricity from Ethiopia, as well as the construction of a new transmission line and substation.

According to information from the Ethiopian Electric Power Network’s social networking site, the negotiations will be held for the next five days starting from October 1, 2014.

Ethiopia is currently selling 230 megawatts of electricity to Sudan, in addition to Sudan, and plans to sell electricity to Kenya.

Bilal extends stock sale, Ethiopia’s first interest-free microfinance institution

Bilal Microfinance SC has been acquiring shares worth 1,000 birr each for the past five months. Kemal Abdul Wahab told Bisrat Radio.

He said the sale of the shares was scheduled to take place only until September 30, 2014. However, due to the current instability in the country, the sale of shares has been extended due to the lack of sales in many areas. It is expected that Bilal Microfinance SC will contribute to the betterment of the society by recognizing the use of finance and developing a culture of saving.

He said a large number of people have asked for more time from the banks that sell their shares and that it would be more beneficial for the institution to collect the money in addition to the money collected so far.

Bilal said he aims to provide loans to entrepreneurs and low-income people who are unable to work due to lack of funds.

Written by Editor


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