Ethiopia, France Ink €20m Grant Agreements

Jul 18 , 2020

Ethiopia and France have signed two grant agreements amounting to 20 million euros for the renovation of the National Palace and assisting the micro, small and medium enterprises (MSME) development programme. The agreement was signed by the Minister of Finance, Ahmed Shide, and Country Director of the French Development Agency, Valerie Tehio, on July 16, 2020. The renovation and opening of the National Palace was initiated on March 12, 2020, and will be financed with 12 million euros from the grant. The remaining eight million euros will go toward assisting the Agricultural Transformation Agency’s micro, small and medium enterprises development programme, a part of the Agriculture Commercialisation Cluster (ACC) scheme. A total of 1.8 million agribusiness farmers and 1,340 agricultural MSMEs are expected to benefit from the programme.


Ministry Ponders Tax Waivers for Rural Energy Solutions

Tax exemptions for off-grid energy technologies like solar pumps and mini-grids are under discussion, spearheaded by the Ministry of Water & Energy. Commonly used by rural households, officials disclose their simultaneous plan to develop 300 mini-grids in the next six years. According to Birhanu Weldu, the lead executive of rural energy technology development, the initiative tackles the country's low electrification rate and reliance on charcoal and firewood. Charcoal, fuel wood, and...


Rural Land Proclamation Comes to Light

A landmark legislation that grants title holders in rural areas the right to use the property as collateral was unanimously ratified by Parliament last week. It primarily focuses on extending access to finance for farmers and pastoralists, through a structured land title system. It also introduces criminal penalties for the illegal transfer of property. Replacing the 18-year-old proclamation for rural land management, the law sentences individuals engaging in land invasions and unauthoris...


Ethiopian Unveils $50m Domestic Terminal Renovation

With a rising demand for domestic travel, Ethiopian Airlines has renovated its terminal at Addis Abeba Bole International Airport with 50 million dollars to handle customers. The expanded terminal has doubled its previous size to 25,750Sqm and accommodates 200 daily flights to and from 22 domestic destinations. It includes four contact gates, 10 remote departure gates, 22 check-in counters with automated baggage screening systems, shops and restaurants. The terminal also features a dedica...