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Finance Ministry Secures Fresh Climate Funding


Finance Ministry Secures Fresh Climate Funding

The Ministry of Finance has secured 71.9 million dollars in fresh climate financing to strengthen food and livelihood security in vulnerable regions. The agreement, signed on February 10, 2026, with the African Development Bank, accredited by the Green Climate Fund, will fund the country's component of the Building Resilience for Food and Livelihoods Program. The initiative complements an ongoing AfDB-backed resilience program targeting pastoral and agro-pastoral communities. It aims to expand water infrastructure, community irrigation, livestock facilities and renewable energy solutions, while introducing climate-smart technologies, digital advisory services and broader access to climate finance. Of the total package, 25.64 million dollars will be disbursed as a grant and 46.30 million dollars as a concessional loan. The agreement was signed by Finance Minister Ahmed Shide and AfDB’s East Africa Director General Alex Mubiru, who said the program will scale up resilience efforts and shield vulnerable communities from climate shocks.

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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...