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EU Commits 33m for Risk Reduction

May 11 , 2019

EU Commits 33m for Risk Reduction

The European Union has pledged 33.5 million euros to be used for disaster risk reduction project. Admasu Nebebe, state minister for Finance, and Erik Habers, head of Cooperation for the European Union Delegation to Ethiopia, signed the financing agreement on May 8, 2019. The project aims at strengthening households, communities and local authorities to manage and adapt to disasters and other risks, reducing their humanitarian and economic impact, forced displacement and irregular migration. The project implementation period is for 54 months. The financing was raised from the EU Trust Fund that pledged 25 million euros and an additional eight million euros from the 11th EDF Health Sector Support Programme.

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Leather Industry Struggles to Meet Expectations

The struggling leather industry managed a little over 33 million dollars in export earnings over the first 10 months of the financial year. It is less than half of officials' aspirations to generate 69 million dollars over the same period, and highlights the troubles faced by the industry over the past few years. Exports from finished leather goods plunged 72pc last year from three years ago. Only eight finished leather manufacturers accounted for 89pc of last year's export earnings, sh...

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Corporation Calls on Suppliers for 200,000tn Sugar Procurement

Executives of the Ethiopian Sugar Corporation have taken steps to procure 200,000tn of sugar from international suppliers. The Corporation had invited shortlisted companies to submit offers, after an attempt to procure the sugar through an international tender went awry. However, officials at the Ministry of Finance instructed its executives to scrap the invitation and proceed to float a second bid. The shortlisted suppliers have also been invited to take part in the bidding process. T...

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Youth in the National Theatre area are waiting for the bus to start moving. They have found a handle to grab and accelerate them ones its starts moving as they ride their skateboard. Although skateboarding is nearly unheard of in Ethiopia, over the past few years, young people have developed a taste for it. Safety, though, leaves a lot to be desired...

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