Authority Secures Road Rehabilitation Grant

Jan 31 , 2021

The Ministry of Finance secured a 4.8-million-dollar grant from Japan to be used to procure asphalt materials by the Ethiopian Roads Authority. Japan gave the grant as part of its embassy's Economic & Social Development Programme. The agreement, which took place last week on Tuesday at the office of the Ministry, was signed between Japanese Ambassador Ito Takako and State Minister for Finance Yasmin Wohabrebbi. The infrastructure sector is one of Japan's priorities in supporting Ethiopia's economic development, and the funds are expected to be used to rehabilitate the Ethio-Djibouti and Ethio-Sudan roads, two essential logistic corridors, according to the Ambassador. Recently launched road projects in the country include the Dicheoto-Galafi junction-Elidar-Belho concrete road and the Melodoni junction-Manda-Bure road project which links Ethiopia to the Port of Assab in Eritrea.


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...