Africa Development Fund Pledges $31m to Combat Stunting

Apr 30 , 2021

Forty woredas in the Amhara and Tigray regional states are set to benefit from a 31.2-million-dollar grant from the African Development Fund aimed at reducing malnutrition and ending child stunting. Child malnutrition remains a significant development challenge in Ethiopia. In the project target area, nearly half of children under age 5 are afflicted by stunting due to undernourishment, low dietary diversity, and poor access to drinking water. The funding will go to the government's Multi-sectoral Approach for Stunting Reduction Project (MASReP), which was initiated in 2015 to end stunting in children under two years by 2030. It has three components: developing climate-proofed infrastructure; supporting the production and promotion of nutritious foods and strengthening institutional systems. The entire project is expected to cost around 48 million dollars.


Pivots in Business Maze

A set of projects spearheaded as part of ease of doing business reform with a 7.2 million euro finance from the European Union (EU) is set to improve and navigate the lingering concerns in Ethiopia's business landscape. E-governance projects are undertaken by GIZ International Services and Mckinsey & Company in cooperation with five federal agencies, including the Justice, Trade,  Innovation, Revenues ministries and National Bank of Ethiopia (NBE) are part of the wider plan to improve the d...


Dashen Bank Board Reinstates its Chair

Dashen Bank re-appoints Dula Mekonnen as its Board Chairman, extending his tenure for another three years. The decision was made during a board of directors meeting held at the Sheraton Addis Hotel last week. Dula holds a first degree in electrical engineering from the Adama Science & Technology University and a graduate degree in business management. With a diverse leadership background spanning three decades, Dula has served as a manager at Ethio-Leather Industry Plc and managed Wenji S...


Digital Fuel Transactions Soar Amid Subsidy Drop

Nationwide digital fuel transactions have exceeded the 155.4 billion Br mark, as the Ethiopian Petroleum & Energy Authority released a half-year report last week. Consistent reductions in fuel subsidies have led to the fuel price stabilisation fund hitting an all-time low of 117.4 billion Br, a decrease of 79.6 billion compared to the previous year. The report highlights the successful monitoring of subsidies across the country's 1,589 fuel stations, benefiting nearly 200,000 transporters...