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.



Street vendors around the Shola area take a rest in the shades of the capital's newly planted trees. Upon reporting on its 10-month performance before parliament, the Agricultural Minister indicated that up to 43pc of the arable land in the country has been rendered acidic. This requires large amounts of limestone to be imported from abroad; the tight forex crunch has not allowed the Finance Ministry to fund the endeavour easily. Following the rallying call of the PM a staggering 6 billion seedl...



Residents of communal houses around the Weji area hang their clothes on the fences outside. Textile manufacturing accounts for 87pc of Ethiopia's products from industrial parks. Expulsion from the African Growth and Opportunity Act (AGOA) due to the war in the North resulted in Ethiopia being expelled from the preferential trade act. Most companies choosing to rent sheds within the industrial parks do so out of a desire to access the duty-free privileges provided for African countries. Ethiopia...



Vendors put traditional beauty products from the Somali regional state for sale around Mexico. In November of last year, the Ministry of Finance banned imported goods under 38 categories, including cosmetics, packed foods, and furniture, from accessing letters of credit. The move resulted in the tripling of costs for cosmetic items like lipstick and nail polish. As Ethiopia ran a 14 billion dollar merchandise trade deficit last year due to import bills hiking by 26pc , a tight clampdown on forei...