FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo



Finland Endows Ethiopia with 60m

Oct 19 , 2019

[ssba-buttons]

The government of Finland has endowed Ethiopia with 60 million euros in financial support to promote the government's effort toward development projects. The financing was announced when President Sahle-Work Zewdie welcomed the Finnish President Sauli Niinisto at the National Palace on October 15, 2019. Ville Skinnari, Finnish Minister for Development Cooperation and Foreign Trade, and Ethiopian Finance Minister Ahmed Shide signed the agreement. The endowment addresses development projects on education, rural development, and its Water, Sanitation & Hygiene Programme (WASH). The two presidents also discussed a wide range of bilateral, regional and multilateral issues of common concern and agreed to enhance trade and investment. Sauli Niinisto also met Prime Minister Abiy Ahmed (PhD).

Radar

New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

The Ethiopian Investment Board has issued a new directive revising the service fees from foreign investors payable in dollars to the Ethiopian Investment Commission (EIC), introducing updated rates for both the One Stop Shop and designated Free Trade Zones. The revised directive came into effect this April following its publication on the websites of the Ministry of Justice and the EIC. Issued pursuant to Article 23 of the Special Economic Zone Proclamation, the directive outlines charges for...

Read more >>

Radar

City Tables 350B Br Budget Plan for Upcoming Fiscal Year

The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration's statement on its official social media page, the draft budget is designed with a central focus on poverty reduction, encompassing targeted subsidies for sustainable development, investment in large-scale job-creating projects, and enhanced service delivery to address the growing demands of the reside...

Read more >>

Radar

Ethiopia, UN Launch Joint Plan to Drive Development Through 2030

The Ethiopian government and the United Nations (UN) have signed a five-year development plan outlining national priorities from 2025 to 2030. Signed on June 20 at the Ministry of Finance, the United Nations Sustainable Development Cooperation Framework (UNSDCF) with implications that it aligns with Ethiopia's reform goals and the Sustainable Development Agenda. The plan is backed by a projected 6.5 billion dollars, though only 1.5 billion dollars is currently secured. It focuses on closing t...

Read more >>