Diaspora Fund Commits $0.5m to Medical Relief

Jan 3 , 2021


The Ethiopian Diaspora Trust Fund (EDTF) has committed half a million dollars to a medical relief fund that is intended to go toward alleviating the shortage of medical supplies in Ethiopia. The EDTF also launched a fundraising campaign through which it expects to raise an additional half a million dollars from donors intended for a similar purpose. The Fund has so far procured and delivered over a million dollars worth of medical supplies to fight the Novel Coronavirus (COVID-19) pandemic in Ethiopia. Additionally, it approved 1.3 million dollars to finance five development projects around the country. Founded in August 2018, the EDTF has 48 chapters around the globe. It aims to finance projects in areas as health, education, water and sanitation facilities, habilitation and rehabilitation of persons with a disability, agricultural development, technology, small-scale entrepreneurship and other income and employment generating projects.


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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...


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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...


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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...


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