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Conflict Affected Rural Areas Foresee Help from EU


Conflict Affected Rural Areas Foresee Help from EU

Rural areas damaged by conflicts, with estimated inhabitants of eight million people, foresee humanitarian assistance from the European Union (EU). The EU will donate 35 million euros to support the Productive Safety Net Program (PSNP), now beginning its fifth phase to provide food, job, health, and social caregiving sectors and services. The overall budget for the five-year program will be 2.38 billion dollars. Solomon Kebede, press and information officer, said the EU has been working with the program since its launch in 2005. It was introduced after the most hotly contested national elections that year when donors felt their trust was breached following widespread clampdown. A series of protests in Addis Abeba and other towns against what the opposition claimed were rigged elections outcomes led to the death of hundreds of people. Donors, mainly from the EU, discontinued providing direct budget support, replacing it with PNSP. Roland Kobia, EU's ambassador, and the World Bank Country Directors, agriculture and finance ministries' representatives are expected to attend the ceremony on Monday, December 12, 2022, at the EU office on Cape Verde St. In 2011, a severe drought in 60 years affected the Eastern Africa region, causing famine in Somalia and acute hunger and malnutrition in northern Kenya. Ethiopia managed the crisis without experiencing famine. During the 2015-16 El Nino droughts, which resulted in millions of Ethiopians requiring emergency food assistance, PSNP was hailed for demonstrating how contingency arrangements could be used during emergencies.

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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...


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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 prolifera...


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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...