FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Ministry Forges New Partnerships to Advance Policy Framework

Oct 28 , 2023


[ssba-buttons]

A policy oversight board meeting on persistent issues of health, sanitation and education sectors alongside significant progress in job creation was held between officials from the Ministry of Finance and the United Nations last week. The meeting was part of a review of the past United Nations Sustainable Development Cooperation Framework (UNSDCF) and crafting plans for the upcoming period. Results from UN support were indicated as crucial in strengthening the institutional capacity of the National Election Board of Ethiopia and enhancing the government's role in ensuring peace and stability during the session. Semereta Sewasew, state minister for Finance, Ramiz Alakbarov, UN resident & humanitarian coordinator, and CSO representatives convened at Skylight Hotel on Airport Road. Plans for the following implementation framework of the ten-year national development plan were laid out, emphasising the period from 2025-30. The establishment of an independent evaluation of the current framework and help in implementing the preparation phases for the next period was endorsed by the attendees. The United Nations has been a longstanding partner of Ethiopia for the past five decades while making a 1.6 billion dollar investment last year to provide humanitarian support.


Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the proliferat...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...