Council Approves 10-Year Dev't Plan

Dec 12 , 2020

The Council of Ministers has approved the 10-year Perspective Development Plan put forward by the Planning & Development Commission last week. The Plan intends to achieve 10.2pc annual economic growth over the next decade. The Plan aims to make Ethiopia a "Beacon of African Prosperity" through a market-led economic approach that looks to amplify the roles and involvement of the private sector in the nation's overall development. It seeks to boost economic productivity, employment opportunities and general infrastructure, as well as to encourage a digital economy by increasing technological capabilities. The Plan also targets to improve law and order in the country, to strengthen the capacity of government institutions, and to make strides toward a green economy. The Plan was developed in cooperation with members of the public, civil society organisations, private investors and government institutions ranging from the Ministry of Culture & Tourism to the Ministry of Peace.


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...