Trade Ministry Donates to Drought Affected Areas

Apr 15 , 2023

Drought-affected areas in Borena, Bale, Guji and Hararge areas of the Oromia Regional State embarked on assistance as the Ministry of Trade and Regional Integration (MoTRI) contributed more than eight million Birr to the regional state a fortnight ago. The Ministry announced that in the past six months of the fiscal year, 1.75 billion dollars in revenue had been generated from the export sector. Agricultural exports accounted for 77.23pc of total exports while shipped manufacturing commodities brought in 176.7 million dollars. United Nations agencies working in disaster response and relief efforts have warned that the current drought engulfing the Horn of Africa region could be far worse than reported a decade ago. For several months authorities have been dispatching food assistance to residents in the Borena zone of the Oromia Regional State compelling the City administration, under Adanech Abiebie, to donate over 100 million Br. Last seen four decades ago, the current drought is expected to impact 36.5 million people in Ethiopia, Kenya and Somalia. It is feared to expose no less than 20 million of them to acute food insecurity. Failing to see rainy seasons for five consecutive years since 2018, the prevailing drought is more severe and could stay much longer.


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...


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...


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...