Lake Shores Foresee Economic Upturn

Jan 21 , 2023


A project to develop water resources such as Tana and Zeway lake shores and motor boat facilities is approved with the ambition to turn water resource utilisation policies into effective practical actions. Under the Blue Economy Strategy, the Swedish government funds the project approved at a workshop organised by the Intergovernmental Authority on Development (IGAD) and the Ministry of Transport & Logistics. Dagmawit Moges, the former Minister, believes the five-year strategy addresses economic and food insecurity challenges by developing and using water resources. Dagmawit chaired the meeting held at Bahir Dar city that saw the attendance of ministers and state ministers such as Nasise Chali and Fitsum Assefa (PhD), ministers for Tourism and Labour. The summit decided that the project shall be headquartered in Bahir Dar University because of its involvement in the maritime sector and its self initiatives to run the program. University President Firew Tegegne (PhD) said such initiatives contribute to the development and progress, mentioning the efforts to use hydroelectric potential to satisfy energy demand. Ministers from IGAD member states coordinating the Blue Economy approved the block's Regional Blue Economy Strategy nine months ago in Addis Abeba, recommending the organisation support domesticating it.  According to the project manager IGAD, Eshete Dejen (PhD), the project will create job opportunities and enhance the value of the ecosystem. Eshete described the blue economy covered areas from sea transport to lakes that will be developed through hydroelectric power plants. He noted fish production from such lakes is also part of the initiative, engaging the private sector and mobilising finance.


Radar

Premier Pushes Domestic Drug Production

A six-day domestic pharmaceutical production and innovation expo was inaugurated by Prime Minister Abiy Ahmed (PhD) last week. More than 110 local pharmaceutical manufacturers participated at the Millennium Hall on Airport Road. Recently appointed Minister of Health Meqdes Daba (MD), said local production of pharmaceuticals has become a cornerstone of health policy, which received approval from the Council of Ministers a month ago. However, a report from the Global Fund For Health last year r...


Radar

AFDB Lauds $8m for Solar Mini-Grid

Around half a million people foresee benefits from the pilot mini-grid built across nine sites in Amhara, Oromia, Sidama, and the Southern regional states. African Development Bank Group has approved eight million dollars in finance to support the project under the Distributed Renewable Energy & Agriculture Modalities (DREAM) program. The DREAM project, with a total budget of 20 million dollars through concessional loans, grants, and risk mitigation, will cover half of the mini-grid capital...


Radar

Parliament Approves $275m Loan for Urban Project

A  275 million dollar loan agreement was approved by Parliament last week, to support the second phase of the Urban Water Supply & Sanitation Project. Set to be implemented over the next three years, the project follows negotiations between Ethiopia and the International Development Association (IDA). The Chief Whip Tesfaye Beljige (PhD), presented details of the loan agreement to lawmakers and said that the project focuses on enhancing the supply of clean drinking water and improving sa...


Back
WhatsApp
Telegram
Email