Denmark Backs Meteorological Agency with 8.8m Euros

Dec 12 , 2020

The Ministry of Finance and Danske Bank, a Danish commercial bank, signed a loan financing agreement amounting to close to nine million euros last Friday, December 11, 2020. The loan has been acquired for the implementation of a Public Sector Investment Facility (PIF) project in Ethiopia dubbed the "Meteorological observation infrastructure and forecasting capabilities of the National Meteorological Agency." The project aims to improve the efficiency of operations and forecasting of the Ethiopian meteorological observation network and ensure efficient early-warning service with more accurate forecasts and longer lead times. The project also looks to create a centralised data collection system and a sustainable solar power supply to the existing weather radar. The project is set to cost a total of 13 million euros, with the remaining amount to be provided by the Ministry of Foreign Affairs of the Government of Finland.


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...