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Ethiopia Joins Renewable Energy Project

Aug 3 , 2019

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Ethiopia has partnered with Sri-Lanka and China in the Trilateral South-South Cooperation that will focus on enhancing access to renewable energy at a cost of 2 million dollars. The project seeks to promote sustainable energy solutions by focusing on demonstrating the applicability of bio-gas and solar photovoltaic technologies for communities in Ethiopia and Sri Lanka. The cooperation, which is part of the global commitment to achieve the Sustainable Development Goals (SDGs), was announced in Addis Abeba on July 31, 2019. The Ministry of Commerce of China will finance the three-year project, with Ethiopia and Sri Lanka each getting one million.

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New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

The Ethiopian Investment Board has issued a new directive revising the service fees from foreign investors payable in dollars to the Ethiopian Investment Commission (EIC), introducing updated rates for both the One Stop Shop and designated Free Trade Zones. The revised directive came into effect this April following its publication on the websites of the Ministry of Justice and the EIC. Issued pursuant to Article 23 of the Special Economic Zone Proclamation, the directive outlines charges for...

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City Tables 350B Br Budget Plan for Upcoming Fiscal Year

The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration's statement on its official social media page, the draft budget is designed with a central focus on poverty reduction, encompassing targeted subsidies for sustainable development, investment in large-scale job-creating projects, and enhanced service delivery to address the growing demands of the reside...

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Ethiopia, UN Launch Joint Plan to Drive Development Through 2030

The Ethiopian government and the United Nations (UN) have signed a five-year development plan outlining national priorities from 2025 to 2030. Signed on June 20 at the Ministry of Finance, the United Nations Sustainable Development Cooperation Framework (UNSDCF) with implications that it aligns with Ethiopia's reform goals and the Sustainable Development Agenda. The plan is backed by a projected 6.5 billion dollars, though only 1.5 billion dollars is currently secured. It focuses on closing t...

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