Prime Minister Accents Annual Packs


Prime Minister Accents Annual Packs

Last week’s parliamentary session highlighted a collected discourse on the federal government’s ambitious plan to advance technology and capital market in the year. A possible share offering of state-owned enterprises was hinted at by Prime Minister Abiy Ahmed (PhD) who defended his government’s strategy following lawmakers’ directed questions. In the wake of augmenting the financial industry plagued by limited accessibility and credit supply, the importance of boosting the regulatory and supervisory capacity of the National Bank of Ethiopia was indicated as crucial. He acknowledged there is room for improvement in government income and expenditures while aiming to collect 520 billion Br in the year. Agriculture is lauded as a sector showing great prospects where 20 million hectares of cultivated land that produced 600 million quintals of wheat is expected to grow by two million hectares this year. The session followed President Saheleworq Zewdie’s motion to the joint meetings of both legislative houses a month ago. Parliamentarians addressed a spectrum of pressing national issues, encompassing the escalating cost of living, a severe foreign exchange shortage, deteriorating public services in health and education, and the stagnant progress of national dialogue. The ongoing security challenges and the PM’s administration’s handling of these critical areas reflected growing concerns among legislators. Meanwhile, Abiy heralded an ongoing shift to a green economy surpassing the impacts of the pandemic and war with a 164 billion dollar GDP growth registered. Economists argue the disparity between GDP growth and actual quality of life, particularly in a climate marked by great socioeconomic inequality, allows economic data to be used as optics rather than reality.


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Premier Pushes Domestic Drug Production

A six-day domestic pharmaceutical production and innovation expo was inaugurated by Prime Minister Abiy Ahmed (PhD) last week. More than 110 local pharmaceutical manufacturers participated at the Millennium Hall on Airport Road. Recently appointed Minister of Health Meqdes Daba (MD), said local production of pharmaceuticals has become a cornerstone of health policy, which received approval from the Council of Ministers a month ago. However, a report from the Global Fund For Health last year r...


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AfDB Lauds $8m for Solar Mini-Grid

Around half a million people foresee benefits from the pilot mini-grid built across nine sites in Amhara, Oromia, Sidama, and the Southern regional states. African Development Bank Group has approved eight million dollars in finance to support the project under the Distributed Renewable Energy & Agriculture Modalities (DREAM) program. The DREAM project, with a total budget of 20 million dollars through concessional loans, grants, and risk mitigation, will cover half of the mini-grid capital...


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Parliament Approves $275m Loan for Urban Project

A  275 million dollar loan agreement was approved by Parliament last week, to support the second phase of the Urban Water Supply & Sanitation Project. Set to be implemented over the next three years, the project follows negotiations between Ethiopia and the International Development Association (IDA). The Chief Whip Tesfaye Beljige (PhD), presented details of the loan agreement to lawmakers and said that the project focuses on enhancing the supply of clean drinking water and improving sa...


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