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US Pledges $30m for Upcoming Election

Feb 29 , 2020

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The United States has promised to provide 30.4 million dollars to support the upcoming national election, which is expected to take place on August 29, 2020. A memorandum of understanding of the fund has been signed by Sean Jones, USAID Mission Director, and Birtukan Midekssa, the chairperson of the National Electoral Board of Ethiopia (NEBE). The fund will be used to build the capacity of NEBE to organise, administer and conduct free and fair elections. The programme will be implemented by the Consortium for Election & Strengthening Political Process, which includes the National Democratic Institute for International Affairs, the International Republican Institute, Internews, the International Foundation for Electoral Systems, and the Electoral Institute for Sustainable Democracy in Africa.

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New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

The Ethiopian Investment Board has issued a new directive revising the service fees from foreign investors payable in dollars to the Ethiopian Investment Commission (EIC), introducing updated rates for both the One Stop Shop and designated Free Trade Zones. The revised directive came into effect this April following its publication on the websites of the Ministry of Justice and the EIC. Issued pursuant to Article 23 of the Special Economic Zone Proclamation, the directive outlines charges for...

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City Tables 350B Br Budget Plan for Upcoming Fiscal Year

The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration's statement on its official social media page, the draft budget is designed with a central focus on poverty reduction, encompassing targeted subsidies for sustainable development, investment in large-scale job-creating projects, and enhanced service delivery to address the growing demands of the reside...

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Ethiopia, UN Launch Joint Plan to Drive Development Through 2030

The Ethiopian government and the United Nations (UN) have signed a five-year development plan outlining national priorities from 2025 to 2030. Signed on June 20 at the Ministry of Finance, the United Nations Sustainable Development Cooperation Framework (UNSDCF) with implications that it aligns with Ethiopia's reform goals and the Sustainable Development Agenda. The plan is backed by a projected 6.5 billion dollars, though only 1.5 billion dollars is currently secured. It focuses on closing t...

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