KOICA Extends $7.5m for One Window Service

Apr 20 , 2019


[ssba-buttons]

The Korea International Cooperation Agency (KOICA) has pledged to give 7.5 million dollars to support one window service in Ethiopia. The agreement was signed between Adanech Abebe, Minister of Revenues, and Sujin Kim, director of KOICA, on April 19, 2019. “The fund will be used to automate, modernise and build the institutional framework of the business sector,” said Adanech at the signing. One window service, a concept wherein all required trade documents for importers and exporters can be processed at a single location, will be implemented with the aim of increasing efficiency and transparency. The service is also expected to improve the investment, import-export and logistics sectors. Because of the complexity and unpredictability of international trade, the government will open a One Window International Trade Program office, Adanech added. The Agency was founded in 1991 to maximize the effectiveness of South Korea’s grant programs for developing countries by implementing the government’s aid and technical cooperation programs.


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...