US Extends ‘Feed the Future’ Program

Apr 13 , 2019

Ethiopia and the United States signed an agreement to invest in food security, build resilience and accelerate economic growth in Ethiopia. The program will fall under the leadership of the US’s five-year “Feed the Future” strategy. Omer Hussein, minister of Agriculture, and Bonnie Glick, deputy administrator of United State Agency for International Development, signed the agreement. USAID has allocated 300 million dollars for the next two years as part of the agreement. “This partnership agreement may bring new and innovative solutions for the challenges Ethiopia faces,” Glick said. Feed the Future is the US’s global hunger and food security initiative to improve productivity and commercialisation, resilience and protection from shocks and disasters. Over the past five years, the US has invested four billion dollars in Ethiopia in development and humanitarian assistance.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...