IGAD Launches 4m Euro Project in Moyale

Sep 26 , 2021


The Intergovernmental Authority on Development (IGAD) has launched a four million euro project aimed at improving the wellbeing of households living along the Ethio-Kenyan border. The project, which is part of a series of initiatives being undertaken with financial support from the German government, also involves a pilot cash programme that will provide financial assistance to 1,600 households on either side of the border engaged in trade activities. Earlier this month, Ethiopian and Kenyan officials signed a protocol agreement to establish a legal framework for the formalisation of small-scale cross-border trade. Last year, Kenya's exports to Ethiopia were valued at 71.5 million dollars, while goods going the other way registered less than 10 million dollars in revenues.


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