Finland Endows Ethiopia with 60m

Oct 19 , 2019


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

Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


Radar

AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Radar

Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...


Back
WhatsApp
Telegram
Email