Agri Value Chain Dev't Receives South Korean Support

Mar 27 , 2021

Ongoing work on landscape restoration and promoting climate-resilient projects in Ethiopia has received 12 million dollars of support from the Korean government. However, almost one-third of the 32-million-dollar grant Korea bestowed goes to improving rural agricultural value chains. Yasmin Woharebbi, state minister for Finance, signed a memorandum of understanding with Kim Dong Ho, representing the Korea International Cooperation Agency (KICA), last week. The grant will be disbursed across five years beginning this year. The three financial support areas also include 10 million dollars allotted for the Master Plan Development projects in Addis Abeba, with part of the funding going toward developing riversides.



Hamere Berhan' at the old post office prints books using ancient paper made from animal skin called 'Birana'.  It is part of the Ethiopian Orthodox Tewahdo Church which has had scribes for close to two millennia. The shortage of paper is evident with close to 10 companies operating in the paper conversion industry and a single paper mill in the country. Local players have seen their market share drop over the years and are looking to regain it. ...



A palm tree is moved to a new location for replanting around Meskel square. The global effort to battle man-made climate change has gained steam over the last few years. African countries have shifted gears in trying to unlock climate financing from the global north. With debt-to-GDP ratios averaging around 62pc continent-wide, many countries are utilizing the climate narrative to get debt structuring. This was one of the appeals of the Prime Minister of Ethiopia when he addressed the AU summit...



The area around Ambassador, famous for its souvenir shops, is getting demolished for real estate development. The Addis Abeba City Administration has ramped up efforts to remodel the city's architecture over the last few months. The capital was established by Emperor Menelik 137 years ago. He also introduced the first telephone, car, hotel, and hospital to the country. A construction project headed by the mega projects office to commemorate his victory over the Italians at Adwa is 70pc complete...