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Capital Gears Up to Host Youth Feast


Capital Gears Up to Host Youth Feast

Young residents of Addis Abeba foresee a two-day skills-building boot camp on technology, business, communications and health. The Youth Festival is part of a five-year initiative by USAID that launched a year ago to engage the youth in economic and social opportunities. It is expected to provide a space for the youth to network with policymakers and prominent personalities in the business field, with an entertainment section featuring young musicians such as Rophnan. This is the third event following regional festivals in Hawassa and Bahirdar that engaged over 5,000 youth in dialogues, arts, sports and job fairs. It will take place at Millennium Hall at the end of April 2023, organized by Amerf Health Africa, in partnership with the Ministry of Women & Social Affairs.

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Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...