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US, Natural Resource College Launch a $100,000 Wetland Project

Dec 10 , 2022


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A forestry college in the south received financial support from the United States government to research wetland areas. A US-supported program that aims to collect data that quantify the carbon emissions caused by the conversion of wetlands into croplands granted 100,000 dollars to the project under the Wondo Genet College of Forestry & Natural Resources. The "Sustainable Wetlands for Sustainable Communities in Southern Ethiopia" is funded through a grant from the U.S. Department of State's Bureau of Oceans and International Scientific Affairs Climate Grant Program. Tracey Jacobson, US Chargé d'Affaires, handed soil monitoring instruments to the Deputy for Research & Technology Transfer, Kibreselassie Daniel (PhD), signing the final agreement. She also paid a visit to Hawassa City, 290Km from the capital, to meet Ristu Yirdaw and Desta Ledamo, presidents of the Southern Nations, Nationalities & Peoples (SNNPR) and the Sidama regional states, respectively. Jacobson said she wants to understand partnership prospects with the United States. Tracey mentioned that granting access to international human rights experts in conflict-affected areas in northern Ethiopia is one of the steps the federal government must take to regain AGOA eligibility while touring the Hawassa Industrial Park. The U.S. delegate spoke with investors, the Chief of Hawassa Park Investors Association, Hibret Lemma and the park's General Manager, Fitsum Ketem


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Annual U.S.–Ethiopia Real Estate Expo to Debut in July

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Addis Abeba Housing Bureau Warns Landlords against Illegal Rent Hikes, Threatens Legal Action

The Addis Abeba Housing Development and Administration Bureau has issued a warning to landlords attempting to impose unauthorised rent increases or carry out unlawful evictions as the residential leasing cycle nears its statutory June 30 deadline. The warning follows reports of landlords pressuring tenants to vacate properties under claims of personal use or sale, alongside demands for steep rent hikes, according to comments made to state media. Kidist W. Giorgis, Head of the Bureau, said...


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Development Bank Turns Corner as Profit Hits Eight Billion Br

The Development Bank of Ethiopia (DBE) posted a gross profit of eight billion Br in the first nine months of the fiscal year while repaying 15.6 billion Br in outstanding debt. Total income reached 17.3 billion Br, exceeding its target by 12pc. Presenting its performance to the House of Peoples' Representatives Standing Committee for Government Development Organizations, the bank highlighted progress from ongoing reforms, including reducing its non-performing loan ratio to 13.4pc, below the Nati...