Germany Finances Cereal Cultivation in Ethiopia

Jul 15 , 2023


[ssba-buttons]

Cereal crop production in Eastern Gojam and Arsi zones located in the Amhara and Oromia regional states foresee a 1.5 billion Br financial assistance from the German government. According to the project coordinators, the centrepiece of the project will be financing suitable seed systems and the development of market links. The agreement was signed between the State Minster for Finance, Semereta Sewasew and Cristophe Tikens, director of the German East Africa and African Union Group, at the headquarters of the Ministry on King George St. Despite being the dominant crop production, traditional farming practices and expensive seed variants cast a gloomy shadow to attain surplus production. According to the study conducted by Abebaw Dessie, cereals cover over 87pc of the total grain crops cultivated in Ethiopia, while nearly over 90pc of the total farming households are engaged in cereal farming.


Radar

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material costs. Speaking at the opening of the BIG 5 Construct Ethiopia expo and the inaugural East African Infrastructure & Water Expo at Millennium Hall last week, Chaltu stressed the need for concerted efforts from government, private sector, and international partners to support the 67 billion dol...


Radar

Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement enables eligible diaspora members to access loans covering up to 80pc of a home's value at reasonable interest rates. The bank's Deputy CEO Kidane Gebreselassie noted the deal will promote the real estate sector and expand homeownership options. Founder and CEO of Gift Real Estate, Gebreyesus Igata...


Radar

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Sport Bureau to advance Ethiopia's sports science and training capacity. Signed on June 26, the agreement includes joint research, shared facilities, and hosting of national and international competitions. It is expected to strengthen youth development, public health, and national pride through coor...