Italy Blesses Ethiopia with 28.7m

Mar 7 , 2020

The government of Ethiopia has secured a loan and grant agreement from the government of Italy worth close to 28.7 million euros. Out of the total funding, 12.7 million euros is a grant, while the remaining 16 million euros is a loan. Agro-industrial development, strengthening the health system with special attention to issues concerning gender and nutrition, urban natural resources management, and education and job creation are the five implementing agreements of the funds. Admassu Nebebe, state minister for Finance, and Arturo Luzzi, the ambassador of Italy to Ethiopia, signed the agreement on March 5, 2020. Out of the funds, the Sustainable Development Goals Performance Fund took 10 million euros, while improvements in skill development and job creation under the TVET programme received five million dollars each. Riverside development projects, development of the Moringa Value Chain in SNNPR and projects to reduce geographical inequalities in four developing regions took the remaining funds.



Women around the Koshe area hunt through piles of trash to find scraps of metal to sell. With close to three million people unemployed in the country and a headline inflation of 33pc, unskilled labour is in little demand. Ethiopia has an adult literacy rate of 51pc, with fewer numbers going past high school. Less than three percent of 12th-grade students made it to universities this year while the rest were at the mercy of remedial exams...



An old wooden car that was part of a commercial campaign by a furniture company around the Beherawi Theatre area. Ethiopia's forest coverage to national land size has been registered at 15pc to the latest data by the World Bank. The current Prime Minister Abiy Ahmed launched an initiative labelled 'Green Legacy' to plant five billion trees in 2020 claiming an 83pc success...



A young boy attempts to pull a piece of cloth from an overloaded pickup truck around the Ayer Tena area. Observing an unsupervised child on the streets of the capital has become a common sight, with sporadic conflict across the country creating nearly four million internally displaced people. Despite the last census having been conducted 16 years ago, the population of the country is estimated at 120 million...