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US Pledges $30m for Upcoming Election

Feb 29 , 2020

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The United States has promised to provide 30.4 million dollars to support the upcoming national election, which is expected to take place on August 29, 2020. A memorandum of understanding of the fund has been signed by Sean Jones, USAID Mission Director, and Birtukan Midekssa, the chairperson of the National Electoral Board of Ethiopia (NEBE). The fund will be used to build the capacity of NEBE to organise, administer and conduct free and fair elections. The programme will be implemented by the Consortium for Election & Strengthening Political Process, which includes the National Democratic Institute for International Affairs, the International Republican Institute, Internews, the International Foundation for Electoral Systems, and the Electoral Institute for Sustainable Democracy in Africa.

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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...

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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 ...

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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...

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