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UAE Pledges $100m to Innovation, Technology

Jul 20 , 2019

Ethiopia has recieved a 100-million-dollar grant and signed a Memorandum of Understanding (MoU) with the United Arab Emirates (UAE) to enhance the innovation and technology sectors in the country. The agreement was signed between Admasu Nebebe, state minister for Finance, Hussain. Jasim Al Nowais, chairperson of the Khalifa Fund Board of Directors. Prime Minister Abiy Ahmed (PhD) was also present at the signing ceremony. Though the grant mainly focuses on assisting the progress of innovation and technology, it also provides support for the micro, small and medium enterprise sector development and job creation. Mohammad bin Zayed Al Nahyan, the crown prince of the United Arab Emirates (UAE), visited Ethiopia in June 2018 and the UAE pledged three billion dollars in aid and investment to Ethiopia.

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BRIDG-EATERIA

They say, "Where there is traffic, there is business." It reflects the colour of Addis Abeba roads and roundabouts. Around Bole, commonly known as the Ring Road, vendors serve tea and snacks underneath a bridge. Owing to these selling methods allow pedestrians and drivers to get the service they need while walking and driving. Despite that, such practice has become a frequent encounter in the heart of the city streets. The most common purpose of a ring road is to reduce traffic volumes in the ur...

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WALKWAY DISPLAY

Pedestrian walkways around Addis Abeba are growing smaller by the day, competing to gain a foothold in the public spaces. The city, which prides itself as Africa's political and diplomatic capital, becomes a showcase of contrast. Beauty and affluence wrestle destitution and poverty to claim space. Vendors have displayed their second-hand outfits, shoes and luggage for sale on a roundabout in front of the Ministry of Education, up at the Arat Kilo area...

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TRAILER HOMES

Retired city buses were once converted to bakery outlets retailing bread supplied by ‘Sheger Bakery' during their twilight zone. The city administration had used Anbessa City buses as its retail shops before formal outlets replaced them. Sheger Bakery, touted as the largest bakery and flour factory with the potential of baking two million loaves of bread daily, was to cater for millions of people in Addis Abeba with a subsidized bread supply but failed to live up to expectations. The old city...

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