Northern Ethiopia Embarks on €10m Finance Deal

Oct 14 , 2023


War-stricken areas in the north foresee a 10 million euro finance to harness stabilisation from the German government and the United Nations Development Programme (UNDP). The agreements were signed between Stephan Auer, ambassador of Germany and Turhan Saleh, UNDP representative last week. The finance is put forth for Afar, Amhara and Tigray regional states. The Ambassador applauded efforts to implement the Cessation of Hostilities Agreement to end the conflict. He disclosed the finance is support from Germany to encourage Ethiopia on the path towards national healing. "Only dialogue and mutual trust will overcome division and conflict," he emphasised.


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