Agricultural Agency Receives Glowing Report

Dec 12 , 2020


[ssba-buttons]

The Food & Agriculture Organisation of the United Nations (FAO), which has conducted an independent evaluation of the Agricultural Transformation Agency (ATA), stated that the latter played a role in raising the GDP of Ethiopia by an average of 0.3pc annually. The ATA had engaged the FAO to conduct an independent evaluation of the Agency's impact on the country in terms of projects completed and its role in agricultural transformation and poverty reduction. In the decade between its inception and the time that the evaluation was conducted earlier this year, ATA was largely cost-effective and registered returns roughly 10 times its expenditures, which amount to around 140 million dollars, according to Maximo Torero Cullen, Chief Economist and Assistant Director-General of the FAO. The Agency, which has its headquarters in Addis Abeba and branch offices in Amhara, Tigray, Oromia and Southern Nations Nationalities & Peoples' regional states, employs close to 400 people. The ATA is partially funded by nonprofit organisations including the Bill & Melinda Gates Foundation and the Danish International Development Agency (DANIDA).


Radar

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...