AfDB Approves $165.1m Grant to Ethiopia

Jul 10 , 2020

The board of directors of the African Development Fund (ADF) has approved 165.1 million dollars in grant funding to support Ethiopia’s response to the health and economic impacts of the Novel Coronavirus (COVID-19) pandemic. Approved on July 3, the funds will also be used for helping to ease fiscal pressure on the economy and help bolster Ethiopia’s COVID-19 National Emergency Response Plan. The Plan aims to expand social protection coverage for the most vulnerable, enhance the government's capacity to contain the virus outbreak, and address macro-fiscal imbalances, as well as cushioning the effects of the crisis on the private sector. The programme will increase the number of COVID-19 testing laboratories, train 45,000 health care workers in COVID-19 response, and aid in rolling out a risk-communication and community engagement strategy to raise awareness on transmission and prevention. The country’s health system remains weak, with only three hospital beds per 10,000 people. The package will assist in refurbishing 300 isolation centres, 34 treatment centres and 100 quarantine centres.



Street vendors around the Shola area take a rest in the shades of the capital's newly planted trees. Upon reporting on its 10-month performance before Parliament, the Agriculture Minister, Girma Amentie indicated that up to 43pc of the arable land in the country has been rendered acidic. This requires large amounts of limestone to be imported from abroad; the tight forex crunch has not allowed the Ministry of Finance to fund the endeavour easily. Following the rallying call of the Prime Minister...



Residents of communal houses around the Weji area hang their clothes on the fences outside. Textile manufacturing accounts for 87pc of Ethiopia's products from industrial parks. Expulsion from the African Growth & Opportunity Act (AGOA) due to the war in the North resulted in Ethiopia being expelled from the preferential trade act. Most companies choosing to rent sheds within the industrial parks do so out of a desire to access the duty-free privileges provided for African countries. Ethiopi...



Vendors put traditional beauty products from the Somali Regional State for sale around Mexico area. In November of last year, the Ministry of Finance banned imported goods under 38 categories, including cosmetics, packed foods, and furniture, from accessing letters of credit. The move resulted in the tripling of costs for cosmetic items like lipstick and nail polish. As Ethiopia ran a 14 billion dollar merchandise trade deficit last year due to import bills hiking by 26pc , a tight clampdown on...