Authorties Pledge for Change as Climate Risks Surge

A key theme for climate-informed investments in crucial sectors like construction, energy, water, transportation, and agriculture was discussed last week, at the Hyatt Regency. It brought together stakeholders from the Ethiopian Association for Civil Engineers (EACE) and the United Nations Office for Project Services (UNOPS) to address an issue centred on building a climate-resilient infrastructure. The discussions revolved around how Ethiopia can adapt to and recover from climate-induced disruptions. Seid Nuru, advisor to the Ethiopian Construction Works Corporation, said the previously overlooked economic impact of climate change, including frequent droughts and reduced rainfall, poses a threat to development. Private sector involvement in building and financing low-carbon infrastructure projects that can withstand climate challenges were raised while promoting renewable energy sources. A recent World Bank report estimates that climate change could reduce Ethiopia's GDP by 1-1.5pc annually. The report also suggests that Ethiopia requires over 27 billion dollars by 2050 to meet its climate resilience goals. Anne-Claire Howard, procurement group director at UNOPS, toughed on green procurement policies that promote the efficient use of energy, materials, and natural resources, focusing on recyclable materials.


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...