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Conflict Affected Rural Areas Foresee Help from EU


Conflict Affected Rural Areas Foresee Help from EU

Rural areas damaged by conflicts, with estimated inhabitants of eight million people, foresee humanitarian assistance from the European Union (EU). The EU will donate 35 million euros to support the Productive Safety Net Program (PSNP), now beginning its fifth phase to provide food, job, health, and social caregiving sectors and services. The overall budget for the five-year program will be 2.38 billion dollars. Solomon Kebede, press and information officer, said the EU has been working with the program since its launch in 2005. It was introduced after the most hotly contested national elections that year when donors felt their trust was breached following widespread clampdown. A series of protests in Addis Abeba and other towns against what the opposition claimed were rigged elections outcomes led to the death of hundreds of people. Donors, mainly from the EU, discontinued providing direct budget support, replacing it with PNSP. Roland Kobia, EU's ambassador, and the World Bank Country Directors, agriculture and finance ministries' representatives are expected to attend the ceremony on Monday, December 12, 2022, at the EU office on Cape Verde St. In 2011, a severe drought in 60 years affected the Eastern Africa region, causing famine in Somalia and acute hunger and malnutrition in northern Kenya. Ethiopia managed the crisis without experiencing famine. During the 2015-16 El Nino droughts, which resulted in millions of Ethiopians requiring emergency food assistance, PSNP was hailed for demonstrating how contingency arrangements could be used during emergencies.

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Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


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EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


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Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...