World Bank Donates $64m to Somali Region Drought Response


World Bank Donates $64m to Somali Region Drought Response

The World Bank has approved a fund of 64.3 million dollars to bolster humanitarian response efforts for the victims of drought in the Somali Regional State. Its officials announced the decision last week while on a field visit to the region's World Bank supported projects. In attendance were the Bank's country director Ousmane Dione, officials from the Ministry of Finance, and Mustafe Omer, president of the regional state. The Somali and Oromia regional states are in the grip of a devastating drought with 10 and eight zones in each region, respectively, seeing residents displaced and recording the deaths of millions of cattle. By the beginning of this month, over 1.4 million heads of cattle had died in the Somali region alone. Humanitarian organisations estimate that around seven million livelihoods in the regions are affected by what the UN called the worst drought the country has experienced in four decades. Millions are suffering in neighbouring Somalia and Kenya as well.


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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...


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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...


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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...


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