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EU Launches Internally Displaced Rehabilitation Project


EU Launches Internally Displaced Rehabilitation Project

A 43.5 million euro three-year program targeting Internally Displaced People  (IDP) was launched by the European Union and partners across Afar, Amhara, Beninshangul-Gumuz and Tigray regional states last week. The project seeks to provide vocational training in agriculture and improve access to finance and employment. It is also expected to provide sanitation services to areas with the highest concentration of IDPS and conflict through new infrastructure and rehabilitation of old ones. Coordinated by the International Organization for Migration (IOM) partnering with GIZ, the Italian Agency for Development Cooperation (AICS), the Danish and Ethiopian Red Cross and the High Commission for Refugees for the IDPs. Prolonged internal conflicts and industrial disasters have taken a toll on the country's economy and exacerbated food insecurity in many parts of the country, the statement from the European Union reads. Roland Kobia, ambassador of the European Union to Ethiopia, indicated that the program is a timely action to ensure humanitarian support and help facilitate peace. It includes setting up community centres for youth empowerment by promoting community dialogues and services for psychosocial needs. There are more than four million IDPs in Ethiopia due to conflict and close to one million refugees from neighbouring countries, according to the latest Global Humanitarian Review report by the UN.

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Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...