WB Approves $400m for Productive Safety Net, Jobs

Oct 3 , 2020

The board of executives of the World Bank Group have green-lighted a 400-million-dollar grant to the government of Ethiopia for the Urban Productive Safety Net and jobs projects. Of the total grant, 50 million dollars is from the Window for Host Communities & Refugees. The new grant is sourced from the International Development Association, a member of the World Bank Group and the international financial institution providing concessional loans and grants. The grant will be funneled to buffer the country’s efforts to improve the incomes of the urban poor and facilitate the inclusion of disadvantaged urban youth in the labour market. The project is structured under five components, expanding the Urban Productive Safety Net to improve the urban environment; foster urban youth employment; strengthen social assistance and services for the urban poor and destitute; institutional strengthening, project management, monitoring and evaluation; and contingency emergency response. To ensure the aim of the grant for the planned activities is achieved, the project will bring together Federal Urban Job Creation & Food Security under the Ministry of Urban Development & Construction, the Ministry of Labor & Social Affairs, and the Jobs Creation Commission alongside other partners.


Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...