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

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...