US in Forefront for Productive Safety Net Investments

Apr 3 , 2021

Early last week, the fifth phase of the Productive Safety Net Programme (PSNP) was launched in the presence of representatives of the federal government and officers from the United States Agency for International Development (USAID). The PSNP is a food security, public works and social safety net programme for millions in need across Ethiopia. Backed by 2.2 billion dollars in funding, the fifth phase is expected to last five years and reach up to nine million people each year. As the largest donor, USAID’s contribution accounts for over 550 million dollars. Established two years after the largest famine the country has ever seen in 2005, the previous four phases have witnessed investments of 5.3 billion dollars. The highest amount, 2.6 billion dollars, was spent last year. The United States has supported the programme with the highest spending of over four billion dollars in the last five years.


Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...