Fed Inaugurates Maiden Free Trade Zone

August 20 , 2022


The country's first free trade zone (FTZ) was inaugurated last week in Dire Dawa, 445km east of Addis Abeba, in the presence of Prime Minster Abiy Ahmed (PhD) and other senior government officials. The FTZ will serve as a hub for import and export trade. It is the first of several FTZs the administration plans to establish across the country. The inauguration comes a month after officials at the Ministry of Transport & Logistics chose Dire Dawa Park as the maiden site for the economic scheme. The authorities say they chose Dire Dawa Industrial Park as the country's first free trade zone due to its proximity to ports, market potential, and suitability for multimodal transportation and logistics operations. The Industrial Parks Development Corporation (IPDC) oversees the Park and a dozen others like it. The state-owned Ethio-Djibouti Railway will provide transportation to the FTZ from and to ports in Djibouti.


Radar

UNDP Nods $2m for National Dialogue

United Nation Development Program (UNDP) has signed an agreement with the Ministry of Finance and National Dialogue Commission, allocating 2.2 million dollars for the upcoming national discussion. Managed by an independent trust fund, and in addition to the annual budget allocated by the Ethiopian government, UNDP is looking to set up a financial buffer scheduling to raise 32.8 million dollars in support funds from development partners over the next three years. The Dialogue Commission was est...


Radar

Street Snack

The rainy season is going to be missed for at least one reason: boiled corn on the cob. As the customer captured here, it has been an enjoyable street food for the city's residents to keep them warm. More importantly, it was a livelihood for many street vendors. ...


Radar

Stair Shop

A shop and a shoeshine stall have been set up under the stairs of an overhead bridge. In the most crowded parts of Addis Abeba, there is always some type of vendor selling everyday goods, serving the lower-income population...