FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Ireland Endows PSNP with 10m

Oct 26 , 2019


[ssba-buttons]

Ethiopia signed a grant agreement for 10 million euros with Ireland to be used for the Productive Safety Net Programme (PSNP). The agreement was signed at the Ministry of Finance on Friday, November 25, 2019, by State Minister of Finance Admasu Nebebe and Patrick McManus, cooperation head of the government of Ireland. The financing agreement is aimed at enhancing and improving vulnerable and food insecure households’ livelihoods, resilience to shocks, food security and nutrition. PSNP 4 contributes to the government of Ethiopia’s national policies, including the social protection policy, the national nutrition program, climate resilience, green economy plan and disaster risk management policy. The PSNP 4 programme runs from 2015 to 2020 and today’s signed agreement is for the year 2019/2020. The programmes have been developed since 2004 through an intensive collaboration process between Ethiopia and the joint donor group, including Irish Aid. In 2005, Ethiopia began implementing the programme by targeting people in food-insecure weredas of Amhara, Tigray, Oromia, and Southern Nations, Nationalities and Peoples' regional states.


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...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the proliferat...


Radar

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...