China Proffers $2m for Food Security

February 13 , 2021


China Proffers $2m for Food Security

China has contributed two million dollars to the World Food Programme (WFP) to assist 268,000 internally displaced people in Somali Regional State. The funds will go toward the purchase of over 4,000tn of maize. This latest donation comes as the WFP faces a funding shortfall of 325 million dollars to maintain operations from March to August 2021. China will continue to maintain a good working relationship with international organisations like the WFP and the Ethiopian government to contribute to the long-term development of the country, remarked Chinese Ambassador Zhao Zhiyuan during the handover ceremony last week. China has provided 16 million dollars in food assistance to Ethiopia since 2015, enabling the purchase of almost 13,000tn of food. The WFP, which provides food support in over 80 countries, supports 1.1 million internally displaced people across Ethiopia.


Radar

Leather Industry Struggles to Meet Expectations

The struggling leather industry managed a little over 33 million dollars in export earnings over the first 10 months of the financial year. It is less than half of officials' aspirations to generate 69 million dollars over the same period, and highlights the troubles faced by the industry over the past few years. Exports from finished leather goods plunged 72pc last year from three years ago. Only eight finished leather manufacturers accounted for 89pc of last year's export earnings, sh...


Radar

Corporation Calls on Suppliers for 200,000tn Sugar Procurement

Executives of the Ethiopian Sugar Corporation have taken steps to procure 200,000tn of sugar from international suppliers. The Corporation had invited shortlisted companies to submit offers, after an attempt to procure the sugar through an international tender went awry. However, officials at the Ministry of Finance instructed its executives to scrap the invitation and proceed to float a second bid. The shortlisted suppliers have also been invited to take part in the bidding process. T...


Radar

TAGGED

Youth in the National Theatre area are waiting for the bus to start moving. They have found a handle to grab and accelerate them ones its starts moving as they ride their skateboard. Although skateboarding is nearly unheard of in Ethiopia, over the past few years, young people have developed a taste for it. Safety, though, leaves a lot to be desired...