Safety Net Graduates Take Life Skills, Financial Training

Dec 5 , 2020


[ssba-buttons]

The Food Security & Productive Safety Net Agency has started its second round of life skills and financial literacy training for 49,000 heads of households. Trainees are part of the 201,000 beneficiaries that were being supported by the second round of the Urban Productive Safety Net Programme launched in 2017. The entire Programme has benefitted 604,000 people throughout 11 cities in the country including Addis Abeba. At the end of the Programme, the beneficiaries receive training to engage in businesses of their choosing. Over 500 staff from the Agency have aided graduates from the Programme in crafting their business proposals for micro and small business enterprises. The training, which will last up to 13 days, is being conducted across 14 Technical & Vocational Training Colleges and will involve 7,000 trainers. Funded by the World Bank and the government, the Programme aims to improve the incomes of the urban poor and facilitate the inclusion of disadvantaged urban youth in the labour market.


Radar

New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

The Ethiopian Investment Board has issued a new directive revising the service fees from foreign investors payable in dollars to the Ethiopian Investment Commission (EIC), introducing updated rates for both the One Stop Shop and designated Free Trade Zones. The revised directive came into effect this April following its publication on the websites of the Ministry of Justice and the EIC. Issued pursuant to Article 23 of the Special Economic Zone Proclamation, the directive outlines charges for...


Radar

City Tables 350B Br Budget Plan for Upcoming Fiscal Year

The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration's statement on its official social media page, the draft budget is designed with a central focus on poverty reduction, encompassing targeted subsidies for sustainable development, investment in large-scale job-creating projects, and enhanced service delivery to address the growing demands of the reside...


Radar

Ethiopia, UN Launch Joint Plan to Drive Development Through 2030

The Ethiopian government and the United Nations (UN) have signed a five-year development plan outlining national priorities from 2025 to 2030. Signed on June 20 at the Ministry of Finance, the United Nations Sustainable Development Cooperation Framework (UNSDCF) with implications that it aligns with Ethiopia's reform goals and the Sustainable Development Agenda. The plan is backed by a projected 6.5 billion dollars, though only 1.5 billion dollars is currently secured. It focuses on closing t...