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Germany Extends 20m Euro to Drought Response Efforts

Feb 19 , 2022


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The government of Germany has donated 20 million euros to mitigate the effects of a drought that is taking a heavy toll in the Horn of Africa. To be distributed among humanitarian operations in Ethiopia, Kenya and Somalia, the donation is being made through the Food & Agriculture Organisation (FAO). Eastern and southern portions of Ethiopia, particularly the Somali, Southern and Oromia regional states, have been suffering what the UN calls the worst drought the country has seen in four decades. The UN estimates some 13 million people are at risk of hunger in the Horn, with Ethiopia accounting for around a third. The German government extended over 560 million euros to humanitarian assistance efforts in Africa last year.


Radar

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

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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...