Farm Africa Ethiopia Signs 30 million Deal with Swedish Embassy

Jun 3 , 2023


A three-year project to combat soil acidification and erosion through nature-based solutions was availed last week. It was spearheaded by Farm Africa Ethiopia with financial assistance from the Swedish Embassy. The Ambassador of Sweeden to Ethiopia, Hans Lundquist, signed the partnership agreement with the director of Farm Africa Ethiopia, Shewit Amanuel. The project is expected to be implemented across five regional states and 35 districts, where 87,400 households are expected to be beneficiaries. The Ministry of Agriculture revealed in its nine-month report in April that a whopping 43pc of the country's arable land is plagued by excessive acid content reducing fertiliser effectiveness. With the Ministry only managing to import 12pc of its planned 900,000qtl of limestone due to a budgetary squeeze, the impact of acidity on reducing agricultural productivity had been forewarned by experts. The agricultural sector contributes close to 40pc of the country's GDP while also employing two-thirds of the labour force. A combination of drought in Oromia Regional State, delayed delivery of fertilizer due to forex crunch and spurts conflict in several parts of the country have cast a precarious shadow over the next harvest season. Farm Africa was founded in 1985 by Sir Michael Wood, founder of AMREF Health Africa and David Campbell in response to the famine occurring in Ethiopia.


Radar

Authority Enacts EV Charging Stations Directive

A new directive setting technical standards, licensing requirements, and safety measures for electric vehicle (EV) charging stations has been approved. Created by the Petroleum & Energy Authority (PEA), it aims to ensure the quality of energy supply and the safety of charging stations and accelerate the adoption of EVs. The directive outlines service provision regulations, including technical and safety standards as well as electricity tariff criteria. It divides public charging stations...


Radar

Fuel Prices Surge Following Subsidy Withdrawal

The Council of Ministers has authorised monthly reviews and adjustments to retail fuel prices, leading to a price hike on January 7. The increase affects gasoline, kerosene, white diesel, light black diesel, heavy black diesel, and jet fuel. Gasoline prices rose by 11.3pc to 101.47 Br a litre. White diesel and kerosene prices increased by 9.6pc, while light black diesel now costs 108.30 Br a litre, and heavy black diesel is priced at 105.97 Br. Long queues at fuel stations persisted until...


Radar

Wegagen Bank Expands into Diaspora Real Estate Market

Wegagen Bank has signed a memorandum of understanding (MoU) with Deluxe Properties to support diaspora communities in purchasing homes. The agreement was signed at Wegagen Bank's headquarters last week. Under the MoU, Wegagen Bank will provide financing to diaspora buyers of Deluxe Properties' homes. The bank offers loans covering up to 80pc of the property's cost, with repayment terms spread over 25 years. The Bank stated the initiative supports the National Bank of Ethiopia's (NBE) missi...