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Sweden Seeds $3.6m for Good Governance

Sep 21 , 2019

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Sweden pledged a grant of 3.6 million dollars to Ethiopia to support new and existing governance reform initiatives, including the justice system reform. Pledged through the United Nations Development Programme (UNDP), the financing agreement was inked last week. The agreement was signed on September 19, 2019, between Swedish State Secretary of International Development Cooperation Per Olsson Fridh; Turhan Saleh, UNDP Ethiopia Resident Representative; and Admasu Nebebe, state minister for Finance. On the same date, Fridh had a discussion with Muferiat Kamil, minister of Peace, regarding peace building, democracy and how Sweden can support Ethiopia. The two countries also agreed to work in cooperation on the economy, justice and peace.

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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...

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EEU Pegs 6.8B Dollars for Full Power Access by 2030

The Ethiopian Electric Utility (EEU) estimates 6.8 billion dollars is needed to ensure universal access to electricity by 2030. Around 37pc of the population remains without power, while the rest use a mix of grid and solar sources. Esubalew Tenaw, process and quality management general manager, said the project is in early research stages, funded internally. He noted rural expansion will require federal support, given low tariffs and limited returns. “It's a joint effort involving gover...

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Ministry Fines Traders Millions of Birr for Anti-Competitive Conduct

The Ministry of Trade & Regional Integration has reported the deposit of over 4.8 million Br into the government treasury from fines imposed on traders found guilty of engaging in anti-competitive business practices during the 2024/25 fiscal year. According to the Ministry, four traders were penalised after being found in violation of competition laws, with each ordered to pay five percent of their annual sales turnover. The total amount collected reached 4,832,652 Br, as confirmed by Get...

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