Economics Association Devises Development Index

Mar 18 , 2023


[ssba-buttons]

Ethiopian Economics Association developed a multi-dimensional development index to assess the country's economic progress. Degye Goshu (PhD), director of research & policy analysis in the Association, said that the index intends to narrow the gap between the numeric expression of economic growth and the status of people's lives on the ground. He said human and socio-economic development indexes, democracy and good governance, environment, globalization and gender gap index are enveloped. Currently, the Association has 5,500 members. Its President, Amdissa Teshome, said the index can be an input for finance and planning & development ministries calling for their support. The consultation held at InterLuxury Hotel saw the attendance of officials from the Ministry of Trade & Regional Integration, UNICEF and the African Development Bank. The Association was established in 1991 to provide a networking platform, access to information and a better understanding of domestic and global economic issues that help to inform and influence economic policy-making and investment decisions.


Radar

Ministry Showcases Arada Branch Revenue Gains

Arada District's Land Development & Administration Branch pulled in over 150 million Br in just 70 days, beating its 90-day target. Most of the revenue came from annual lease collections and service fees. The office also billed 126 property owners for roof and fence valuations, already securing 20 million Br of the expected 46 million Br. Officials issued warnings to 15 allottees slow to start construction and recommended land right revocations in 11 cases. Leaders credited a more efficient...


Radar

Ministry Backs Blended Finance for Micro, Small Enterprises

The United Nations Capital Development Fund (UNCDF) is partnering with Ministry of Finance to expand financial access for micro and small enterprises through blended finance and digital tools. Off-balance-sheet facilities are designed to attract private investors and Development Finance Institutions (DFIs) by reducing risk and improving capital flow. Digital platforms, including mobile money and digital IDs, will lower transaction costs and broaden reach. The initiative supports job creation and...


Radar

National Electricity Network Set for Upgrade

Ethiopia Electric Utility (EEU) plans to expand the national electricity grid by 8,689 km in the 2026 fiscal year, Yohannes Tonja, head of Performance Monitoring and Evaluation, said. The rollout includes 86,789 km of medium-voltage lines, 92,572 km of low-voltage lines, and pre-maintenance on transformers. EEU will also rehabilitate 1,218 km of medium-voltage lines, install 1,893 transformers, and upgrade 308.7 km of low-voltage infrastructure. Operational targets include cutting power interrup...