The Netherlands Bestows Ethiopia with 16m

Jul 25 , 2020


[ssba-buttons]

The Ministry of Finance inked a grant agreement with the Netherlands for just under 16 million euros to finance the Kunzila Integrated Landscape Management and WASH projects. The agreement was signed virtually by Minister of Finance Ahmed Shide and Thijs Woudstra, deputy ambassador of the Netherlands in Ethiopia. The project, signed at the end of last week, is expected to improve agricultural productivity for 22,000 people and employ at least 750 youth. The financial and technical support will also give access to clean water for 22,058 rural and 9,529 urban people in Amhara Regional State. The project will be executed by the consortium of the Water & Land Resource Centre of Addis Abeba University and SNV, a Netherlands-based nonprofit organisation. SNV provides technical assistance and programme implementation in agriculture, WASH and energy sectors and is currently active in eight regional states and two city administrations in the country.


Radar

Deposit Insurance Fund Grows to 15.1B Br, Signals Readiness for Crisis Response

Two years into its operations, the Ethiopian Deposit Insurance Fund (EDIF) has grown its asset base to 15.1B Br, reinforcing its role as a critical backstop for depositors and financial institutions alike. The Fund, established under a proclamation by the Council of Ministers, was designed to shield depositors in the event of bank or microfinance collapses. Since its inception, EDIF has focused on collecting premiums from member institutions, investing the funds, and building a system robust...


Radar

Rockefellers 100m Dollars Leap into Regenerative Lunches

As part of the UNFSS+4 High-Level Convening, a thematic session titled "Nourishing the Future through Regenerative School Meals" was held on July 26, 2025, at the Sheraton Addis on Taitu St. It brought together prominent figures including Ethiopia's former Prime Minister Hailemariam Desalegn, former First Lady Roman Tesfaye, and Kenya's First Lady Rachel Ruto. Organised by the Rockefeller Foundation, the event focused on overhauling child nutrition through regenerative agriculture. Sarah Farl...


Radar

Hijra Bank Backs Young Innovators with Awards, Loans

Hijra Bank has awarded five young Ethiopian innovators in the final round of its “Sirara” Creative Spark Awards, selected from over 27,000 applicants. The programme targets practical innovations in agriculture, sustainability, and appropriate technology. Top winner Milkias Ahmed (PhD) received a 300,000 Br prize and a 3 million Br interest-free loan for developing an organic soil conditioner from animal bones. Second and third prizes went to Yusuf Ali and Muhammad Juhar for a crop-harvest...