Germany Extends €100m Euro Budgetary Support

Oct 3 , 2020


Germany has provided a 100-million-euro grant to support the Ethiopian government's budget to buffer the implementation of the national Novel Coronavirus (COIVD-19) multi-sectoral preparedness and response plan. The grant agreement was signed by Ahmed Shide, minister of Finance, and Stephan Auer, Ambassador of Germany to Ethiopia. The support will be extended to widen the social protection measures to cover more vulnerable parts of the country, especially communities in dire need of food aid and essential services, according to Ahmed. Assisting Ethiopia on the pandemic response plan is one of Germany's commitments to effectively respond to the pandemic, according to Stephan. In early March of this year, Germany gave 100 million euros to support Ethiopia’s reform agenda.


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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...


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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...


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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...


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