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.


Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...