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MoFED looks for Mojo-Hawassa toll road financing

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The Ministry of Finance and Economic Development (MoFED) is to find out if it will obtain financial support for the Mojo-Hawassa (Awassa) toll road project from the Korean government in the coming two months, Capital learnt. Tilahun Tadesse, Director of Governments’ Cooperation Directorate of MoFED, told Capital that the ministry office that requested financial support from South Korea for the new expressway project in November 2011, believes support will be obtained shortly. “We informed them that we need to secure the finance straight away to enter into the project within a short period,” the director said. “Even though there needs to be political commitment from Korea, we expect to get final approval in two months time,” Tilahun added. The director indicated that the solicited money is substantial but he declined to disclose the exact amount. He also said that it is hard to determine how much progress has been made so far. The Ethiopian Roads Authority (ERA) is currently co

Coffee derby in Yirgalem,Adama visits Mugher

With only one defeat in eight weeks the second palced Adama Town travels to Sebeta, 25km from the capital to visit Mugher Cement while Ethiopian Coffee faces Sidama Coffee in Yirgalem today.  After facing a shock home defeat to visitors Hara Brewery, Adama Town surrendered top spot to seat second on the table with 13 points from eight matches. With the visitors tasting the season’s first defeat today’s showdown against strong side Mugher Cement is dearly awaited among the football crazy town people. Two wins in a row to climb to 12 points from eight matches defending champion Ethiopian Coffee visits Sidama Coffee, not yet settled side compared to last year’s performance. The Coffee derby has become a famous showdown among the home fans and this is the first clash since Coffee from the capital took title for the first time in the league’s 14 years history. Three matches in hand yet galloping to the top Saint George is once again for an away match this time against Tsegaye Kidanemariam’

Fero Cooperative Sidama

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GeoCertify Road from Sidama 2010

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Sidama Supplies 54 mln kg Coffee to Central Market

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Hawassa, January 16 (WIC) – Sidama zone supplied 54 million kilogram of coffee to the central market during the first half of the budget year. According to Burka Bulasho, head of the zone’s marketing and cooperatives union, over 39 million kilogram is supplied to private investors. The remaining, 15.6 million kilogram is supplied to different cooperative unions operating in the zone. Burka expects the country to generate good revenue as the coffee is supplied at a rate of international market price. At present, in the Sidama zone of the SNNP region, 314 private and 48 cooperative unions are engaged in the processing and supply of the internationally renowned coffee brand. Due to its excellent soil, ideal climate and high elevation ranging from 1,750-2,100 meters, the Sidama region has become known for producing world-class coffee. Sidama produces approximately 35,000 tons of high quality Organic Arabica beans per year. By the end of this budget year, around 290 unions