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UK, Germany Roll Out $9m to Boost Textile Industry


UK, Germany Roll Out $9m to Boost Textile Industry

A 9-million-dollar funding initiative spanning the next three years was rolled out by the UK and German governments to improve economic development and trade in Ethiopia's textiles and garments sector. Implemented by GIZ, the fund aims to improve working conditions for at least 10,000 workers and boost exports by 20pc and address regulatory issues facing the sector. The announcement was made by Lord Collins, the UK Minister for Africa, during his visit to the MAA Garment & Textiles Factory in Mekelle town, a company that exports to the UK. He said it will provide technical assistance to enhance productivity, improve worker welfare, and ensure compliance with environmental and social standards. Additionally, the program will facilitate connections between producers and potential buyers, fostering economic partnerships with the UK and other major markets. “Some businesses are exporting once again to the UK," said Collins noting the impacts of peace.  

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Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

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