Ethiopia, France Forge Ahead on Renewable Energy Investment

Apr 24 , 2023

Ethiopian Finance Ministry officials met with French delegates today to address hurdles facing renewable energy investment and exploring ways to improve collaboration between public and private sectors. The meeting comes on the heels of a business climate report by the Ethio-French Business Club (CAFE), based on a study of over 50 French companies, conducted from September to December last year. Held at the Radisson Blu Hotel, on Marshal Tito Rd., the meeting was the third of its kind. The French officials have cited it as the latest indication of a strong bilateral relationship between the two nations. This follows Prime Minister Abiy Ahmed's visit to Paris in February. Organized by the Ethiopian Ministry of Finance and the Embassy of France, the meeting included virtual and on-site participation from key figures in both countries. Olivier Becht from the French Foreign Trade Ministry, William Roos and Agathe Blanchard from the French Treasury, and Re‌mi Mare‌chaux, the French Ambassador to Ethiopia, were among the French attendees. Representing Ethiopia were Eyob Tekalign (PhD) and Semereta Sewasew from the Ministry of Finance; Aynalem Nigusie from the Ministry of Revenue, and Girma Birru, a chief economic policy advisor to the Prime Minister.


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...