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.


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...


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...


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...