UNDP Blesses Tourism Sector with $18m Fund

Sep 28 , 2019


The United Nations Development Programme (UNDP) pledged 18 million dollars in financial support for the tourism sector. Pledged on September 26, 2019, the financing was channeled through the Inclusive Tourism Sector Development Project, a project that will be activated before 2023. The project was launched with the presence of Hirut Kassaw (PhD), minister of Culture & Tourism. The project aims at increasing the participation of the stakeholders in the tourism sector in facilitating sectorial development, according to Hirut. "It also targets to increase the participation of women in the labour force and to facilitate the economic development programmes, which in turn benefits the society," she said. UNDP, which has a presence in over 170 countries, has a total of over 100 million dollars in investments in Ethiopia to build long-term peace and enhance the country’s development.


Radar

Ethiopia Buys Time, Not Relief as Creditors Stall on Debt Write-Off

Ethiopia's official creditors expect to finalise a draft restructuring of the country's debt in the coming months, granting the government more time to repay its obligations while avoiding a direct reduction to the initial debt amount. Ethiopia defaulted on its external debt in December 2023, before its leaders announced a preliminary deal in March with its Official Creditor Committee to reorganise 8.4 billion dollars, an essential step in moving beyond sovereign default. Under the agreement...


Radar

Road Injuries Increase by 35pc, with Pedestrians Most Affected

Addis Abeba's streets continue to present fatal risks for pedestrians, who account for 86pc of all traffic fatalities reported in 2023/24. Megenagna emerged as a particularly hazardous area, logging the highest number of fatalities, including 13 deaths. While the number of pedestrian deaths has dipped slightly, overall injuries have surged by 35pc since 2020/21, with eight out of 10 injuries involving those on foot. The Addis Abeba City Administration revised its 13-year road safety strate...


Radar

Awash Insurance Customer Week Discount

Awash Insurance Company(AIC), serving for over 30 years, gives a 25pc discount on Mortgage Redemption Insurance (MRI), Individual Life Insurance, Education Insurance, Workers' Compensation Insurance, and Fire & Lightning Insurance. This was announced during the celebration of Customer Week at their headquarters, on April 7,2025. Jibat Alemneh, CEO of the company said, Vehicles owners that purchased thier cars with full insurance coverage will receive enhanced benefits at no extra cost at...