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Ireland Grants 10m Euros for Safety Net

Dec 5 , 2018


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The government of Ireland granted 10.4 million Euros for the productivity safety net program. The program aims to enhance and improve vulnerable and food insecure household livelihoods, resilience to shocks, food security and nutrition. The grant is the result of the agreement signed four years ago between the countries to provide grant funding for the phase IV safety net program, which has been implemented since 2015. The grant agreement was signed by Ahmed Shide, minister of Finance, and Sonja Hyland, ambassador of Ireland to Ethiopia. Just a week ago, Ethiopia received five million dollars from Sweden and 11 million dollars from Norway for forest development and in support of vulnerable youth. Ethiopia and Ireland began their diplomatic relations in 1994.


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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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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...