FAO Launches $10.6m Drought Resistance Project

Apr 10 , 2021

Over 117,000 households in the Afar, Somali, and Southern regional states are set to benefit from a 10.6-million-dollar project aimed at protecting pastoralists and farmers living in areas classified as drought-sensitive. The project, which is funded by the United Nations Central Emergency Relief Fund, will entail the provision of drought-tolerant crop seeds as well as health treatment campaigns and supplementary feed for livestock. The Food & Agriculture Organisation (FAO) will provide the beneficiaries with unconditional cash packages expected to cushion them from drought’s adverse impacts. The FAO is carrying out the six-month project in anticipation of drought in the regions due to a forecast of below-average rainfall levels for three months beginning March 2021.


Pivots in Business Maze

A set of projects spearheaded as part of ease of doing business reform with a 7.2 million euro finance from the European Union (EU) is set to improve and navigate the lingering concerns in Ethiopia's business landscape. E-governance projects are undertaken by GIZ International Services and Mckinsey & Company in cooperation with five federal agencies, including the Justice, Trade,  Innovation, Revenues ministries and National Bank of Ethiopia (NBE) are part of the wider plan to improve the d...


Dashen Bank Board Reinstates its Chair

Dashen Bank re-appoints Dula Mekonnen as its Board Chairman, extending his tenure for another three years. The decision was made during a board of directors meeting held at the Sheraton Addis Hotel last week. Dula holds a first degree in electrical engineering from the Adama Science & Technology University and a graduate degree in business management. With a diverse leadership background spanning three decades, Dula has served as a manager at Ethio-Leather Industry Plc and managed Wenji S...


Digital Fuel Transactions Soar Amid Subsidy Drop

Nationwide digital fuel transactions have exceeded the 155.4 billion Br mark, as the Ethiopian Petroleum & Energy Authority released a half-year report last week. Consistent reductions in fuel subsidies have led to the fuel price stabilisation fund hitting an all-time low of 117.4 billion Br, a decrease of 79.6 billion compared to the previous year. The report highlights the successful monitoring of subsidies across the country's 1,589 fuel stations, benefiting nearly 200,000 transporters...