Swiss Foundation Launches Business Network

Apr 30 , 2021


[ssba-buttons]

The Global Alliance for Improved Nutrition (GAIN) launched a business network aimed at developing the availability and affordability of nutritious foods in Ethiopia last week. The Scaling Up Nutrition Business Network (SBN) will work with stakeholders engaged in the food sector to assess the obstacles facing nutrition, facilitate partnerships with development organisations, and create an enabling environment to incentivise businesses to act on nutrition-related issues. The SBN is one of four global networks under the Scaling Up Nutrition movement, which works with 61 countries globally (including Ethiopia) to address malnutrition and food insecurity. Ethiopia has been making strides in curbing malnutrition over the past two decades, with growth stunting in the country declining from 58pc in 2000 to 38pc in 2016. Regardless of the progress, much of the population is still at high risk for micronutrient deficiencies. The country has one of the world's highest rates of malnutrition alongside India, Nigeria, Bangladesh, and Pakistan.


Radar

New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

The Ethiopian Investment Board has issued a new directive revising the service fees from foreign investors payable in dollars to the Ethiopian Investment Commission (EIC), introducing updated rates for both the One Stop Shop and designated Free Trade Zones. The revised directive came into effect this April following its publication on the websites of the Ministry of Justice and the EIC. Issued pursuant to Article 23 of the Special Economic Zone Proclamation, the directive outlines charges for...


Radar

City Tables 350B Br Budget Plan for Upcoming Fiscal Year

The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration's statement on its official social media page, the draft budget is designed with a central focus on poverty reduction, encompassing targeted subsidies for sustainable development, investment in large-scale job-creating projects, and enhanced service delivery to address the growing demands of the reside...


Radar

Ethiopia, UN Launch Joint Plan to Drive Development Through 2030

The Ethiopian government and the United Nations (UN) have signed a five-year development plan outlining national priorities from 2025 to 2030. Signed on June 20 at the Ministry of Finance, the United Nations Sustainable Development Cooperation Framework (UNSDCF) with implications that it aligns with Ethiopia's reform goals and the Sustainable Development Agenda. The plan is backed by a projected 6.5 billion dollars, though only 1.5 billion dollars is currently secured. It focuses on closing t...