Irish Extend Hand to Support Election

Jul 6 , 2019


[ssba-buttons]

The government of Ireland has signed a 700,000 euro financing agreement with UNDP to provide support for Ethiopia’s upcoming election. The agreement was signed between the Ambassador of Ireland, Sonja Hyland, and UNDP Ethiopia Resident Representative, Turhan Saleh, on July 4, 2019. The funding will be channelled through the UN’s Supporting Elections for Ethiopia’s Democracy Strengthening Project. “The Government of Ireland initiated this partnership as this is an extremely crucial time in Ethiopia’s transition to democracy,” said Sonja. “National Electoral Board of Ethiopia has an important job over the next year to make Ethiopia ready for a free and fair democratic election.” In June of this year, UNDP also signed a 40-million-dollar grant agreement with the Board in support of the country’s upcoming election. Out of the total amount, 34.6 million dollars was funded by eleven international development partners, and UNDP will fund two million dollars.


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...