WB MOVES IN

Ousmane Dione (left), country director for Eritrea, Ethiopia, South Sudan and Sudan for the World Bank Group, shares a light moment with Tadesse Tilahun, CEO of National Oil Ethiopia (NOC)


WB MOVES IN

Ousmane Dione (left), country director for Eritrea, Ethiopia, South Sudan and Sudan for the World Bank Group, shares a light moment with Tadesse Tilahun, CEO of National Oil Ethiopia (NOC) on August 19, 2021, during a signing ceremony held between their two institutions. After a year of negotiation, NOC rented out seven floors of its new headquarters on Africa Avenue, in front of Friendship City Centre, to the World Bank in an agreement that will last for half a decade.


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High-Level Event Aims to Address Humanitarian Crisis

Development partners and government officials are expected to discuss improved humanitarian responses at a crucial event in Geneva, Switzerland this week. Co-hosted by the Ethiopian government and the UN Office for the Coordination of Humanitarian Affairs (OCHA), the primary goal is to secure pledges from both development partners and the government, according to officials. Millions face hardship due to conflicts, economic downturns, climate shocks, and disease outbreaks, according to a UN st...


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Foundation Announces Up to $2.5m Grants for Agribusinesses

Small and medium enterprises (SMEs) in the agricultural sector are poised for financial support as the Mastercard Foundation Fund pledges to award grants over the next three years. The Agribusiness Challenge Fund will award grants ranging from half a million dollars to 2.5 million dollars to qualifying businesses in Ethiopia and 19 other countries. According to Smita Sanghrajika, an engagement partner at the Foundation, agribusinesses have lacked the financial resources needed to scale up and...


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Document Authentication Service Gets Fee Revamp

The Council of Ministers approved a new regulation for the Federal Document Authentication & Registration Service last week which introduces a two-tier fee structure for citizens and foreigners, with an overall increase. Beginning at 100 Br for citizens seeking document authentication for an assigning agency of single documents, the ceiling goes up to 500 Br while foreigners pay double these rates. Implementation of the new fees began this week. These changes come alongside a digitisat...


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