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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


Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...