Petit Cadeau (small gift)


Petit Cadeau (small gift)

(right) Catherine Colonna, French foreign minister, Semereta Sewasew, state minister for Finance, Roland Kobia, EU ambassador (left). The French Development Agency granted 28 million euros to Ethiopia for agricultural assistance and electric facility restoration at the French Embassy last week.  Ethiopia's agricultural sector contributes 80pc of exports and 40pc of the domestic GDP. Coffee is the number cultivated crop, followed by pulses and khat. The sector employs close to 70pc of the labour force, according to data from the ILO. Agriculture has been the ground for political revolutions 'land to the tiller' and will offshoot economic revolution if managed right.


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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...


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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...


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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...


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