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.


ZamZam Bank Joins Commodity Exchange Payment System

The pioneering full-fledged interest-free commercial bank, ZamZam Bank, has become the 24th financial institution to join the Ethiopian Commodity Exchange's (ECX) payment system. CEO of the Exchange Wendemagegnehu Negera signed the deal with the President of the Bank Melika Bedri last week. According to the CEO, joining the platform which has around 11,000 accounts registered and has transacted over 386 billion Br so far, will allow a reliable mechanism whereby traders can be certain that pay...


AfDB, ADF to Chart Transformation Path at Diamond Jubilee

The African Development Bank (AfDB) and the African Development Fund (ADF) are gearing up for a major joint meeting in Nairobi, Kenya, expected to draw around 4,000 participants. The event, taking place at the Kenyatta International Conference Centre in late May, will focus on "Africa's Transformation," a theme reflecting the continent's ongoing pursuit of economic and social development. "Despite progress over the years, Africa's transformation remains incomplete," said Vincent O. Nmehielle...


Big Art Sale Returns to Addis

The annual Big Art Sale returns to Addis Abeba this weekend. Over 100 artists are expected to showcase their original works and prints at the Hilton Addis. What's Out Addis in partnership with the Hilton Hotel is behind the event that showcases the works of over 100 artists. Big Art Sale has been around for the past 18 years showcasing paints and prints. According to organisers, it offers a chance to meet the artists and enjoy a variety of art forms with a dedicated Kids' Corner and food and...