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

Dec 10 , 2022


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

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email