USAID Launches Land Governance Project

Nov 16 , 2019


[ssba-buttons]

USAID and the Ministry of Urban Development & Construction launched a land governance project to be implemented over the next five years. The project will cost 11 million dollars. The new project will support policy, management and administration to improve land tenure and rights for farmers and pastoralists in Ethiopia. It is aimed at addressing emerging land-related challenges, including rapid urbanisation and degradation of soil and arable land. Sean Jones, USAID mission director, Tazer Gebregziabiher, state minister of Urban Development & Construction, and Tigistu Gebremeskel, director of land administration and use at the Ministry of Agriculture, were present at the launching event of the project. “Improving the planning, policy and land management is critical to helping Ethiopian farmers and families reap the fruits of their labour more fully and have better opportunities for themselves and their children to fulfill the bright future they deserve,” said Sean.


Radar

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses, this past Saturday, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payme...


Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...


Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...