US Launches $4m Project to Improve Institutions

Apr 13 , 2019


[ssba-buttons]

The US government launched a two-year, four-million-dollar project on April 10, 2019, to support and strengthen institutions in Ethiopia. Feteh, which will be funded by USAID, will provide technical support to the Attorney General’s Office and the Supreme Court’s efforts to expand their independent decision-making and oversight capacity. Chief Justice Meaza Ashenafi, joined Bonnie Glick, deputy administrator of USAID, and Michael Raynor, US ambassador to Ethiopia, during the launch of the event in Addis Abeba. “Today, we are opening a new chapter in our partnership. The United States is committed to investing in the capacity of Ethiopia’s legal institutions to achieve their goals of ensuring free and fair elections, promoting human rights, citizen engagement and greater representation,” said USAID Deputy Administrator Glick. The US has invested four billion dollars in development and humanitarian assistance in Ethiopia over the past five years.


Radar

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...