FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Agricultural Development Program Launches a Five Year Project

Jul 8 , 2023


[ssba-buttons]

Over 2.3 million small-holding farmers are expected to benefit from an African farmer-centred agricultural development program, AGRA, that launches its five-year project in Ethiopia. The program aims to develop sustainable farming practices, create market linkages, improve seed variants, and foster policy and state capability. An agreement was signed between Hailemariam Desalegn, board chairman of AGRA, and Fikru Regassa (PhD), state minister for Agriculture at the ceremony held at the Skylight Hotel on Africa Avenue (Bole Road). Hailemariam said the strategic plan is ambitious and attainable recalling instrumental support given by AGRA  to small-holder farmers in Africa since 2006. The strategy aims at bolstering the production of smallholder farmers by strengthening their resilience in the face of various climatic shocks and building the capacity of the agricultural institutions. The study conducted by Kusse Hailen 2021 indicates that smallholder farmers constitute 95pc of the total farmland cultivated in Ethiopia. It notes that smallholder farming is epitomized by subsistence farming and a lack of agricultural inputs, further pushing food self-sufficiency out of reach.


Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the proliferat...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...