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 Secures 6.8m Euros to Enhance Agricultural Investments

Nov 21 , 2020


[ssba-buttons]

The Ministry of Agriculture and the German Agency for International Cooperation (GIZ) have signed a 6.8-million-euro joint project agreement to assist agricultural investments. The joint project, termed Support Responsible Agricultural Investments, is funded by the German Federal Ministry for Economic Cooperation & Development and the European Union. With this project, local government bodies, private sector players, and communities will receive assistance in managing land resources and 511 commercial agricultural investments with greater efficiency, transparency and inclusiveness, according to the German Embassy in Addis Abeba. The project is also expected to benefit 10,750 marginalised households with regard to access to rural lands in the Amhara, Gambela, and Benishangul-Gumuz regional states. It supports local communities in securing their tenure rights. GIZ is an international enterprise owned by the German government operating with close to 90 offices around the globe, and it supports organisations, public authorities and private businesses in different sectors.


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 prolifera...


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...