Fed Purchases over $43m L Palm Oil

Jan 7 , 2023


[ssba-buttons]

The Ministry of Finance has announced the purchase of over 43 million litres of palm cooking oil from the Golden Africa Company in Djibouti to provide the public with affordable edible oil. The contract was signed by the Ethiopian Industrial Resources Development Organisation, Ethiopian Business Corporation and the Ministry guaranteeing over 69 million dollars to the Commercial Bank of Ethiopia. The federal government earmarked 400 million dollars to import crude palm oil a few months ago, mainly from Malaysia, for distribution to five large-scale edible oil plants. The central bank adjusted its priority list for forex allocation by commercial banks. Inputs for edible oil production were at the top of the list, alongside medicine, pharmaceutical, and laboratory reagents.


Radar

US Renews National Emergency, Sanctions on Ethiopia

The United States has extended the national emergency and sanctions on Ethiopia for another year under the African Growth & Opportunity Act (AGOA). Signed by President Donald J. Trump, the measure was first declared on September 17, 2021, through an executive order citing the conflict in northern region of the country as an "unusual and extraordinary" threat to U.S. national security and foreign policy. The extension, effective until September 17, 2026, keeps in place restrictions targeti...


Radar

Rockefeller Pitches Clean Cooking to Curb School Meal Emissions

A recent study has revealed the staggering environmental toll of school feeding programs. A single school serving 400 students can burn through the equivalent of 56 hectares of forest each year to fuel cooking. The Rockefeller Foundation flagged the health risks too, with most cooks, predominantly women, breathing smoke levels ten times higher than the World Health Organisation's safe limit. "If every school meal transitioned to clean cooking with electricity and solar, the emissions saved wo...


Radar

Sun-Powered Grid Brings Light to Qunbi District

A new 600KW solar mini-grid in East Hararge'sQunbi district has connected 2,200 households to electricity, marking a milestone in the recent rural electrification push. Ethiopian Electric Utility (EEU) laid seven kilometres of medium-voltage and 10 kilometres of low-voltage lines, installing four transformers to reach communities long cut off from power. Customers cover only meter and installation costs before accessing the service. The project is part of the national strategy to expand energ...