New Incubation Centre to Rise in 2020

Nov 9 , 2019


Korea International Cooperation Agency (KOICA) will invest in the establishment of an innovation incubation centre in Ethiopia. Costing 10 million dollars, it will open in 2020. “The incubation centre will utilise technologies that can be helpful for small and medium businesses in the rural areas of the country," KOICA Ethiopia's Office Country Director, Dong Ho Kim, said. The innovation hub will be established within the Ministry of Innovation & Technology, providing capacity building programmes to the Ministry. The hub will be instrumental in helping Ethiopia unleash its untapped innovative ideas of its youth that graduate from TVETs, according to the country director. "KOICA, which has been dispatching volunteers in the fields of education, health and public administration since 1995, will now continue its support in the manufacturing sector, particularly in agro-processing," he said.


Radar

Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


Radar

AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Radar

Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...


Back
WhatsApp
Telegram
Email