World Bank Nods to $180m Refugee Welfare Project Extension


World Bank Nods to $180m Refugee Welfare Project Extension

The World Bank has approved 180 million dollars in financing for the expansion of a welfare programme designed to bring refugees back to the workforce while in host countries. The "development response to displacement impacts" programme was launched five years ago with 100 million dollars in loans secured from the Bretton Woods institution. The federal government requested additional financing a year before the project's first phase was scheduled to come to a close last December. Officials said the extension was necessary to complete unfinished works in two weredas of the Somali Regional State, which had been interrupted due to security concerns. The additional funding may enable project managers to continue work in Tigray Regional State, which hosted five large refugee camps and where the programme was frozen following the outbreak of armed conflict in November 2020. They are part of the 27 camps hosting 845,000 refugees and asylum seekers in Ethiopia. Officials hope to see the second phase, which will run for five years beginning this month, reaching 2.5 million people, and around a quarter will come from refugees.


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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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