World Bank Pledges $200m to Advance Technical, Vocational Training

Jun 4 , 2022

The World Bank Group (WBG) has pledged to support 200 million dollars to advance technical and vocational skills development in Ethiopia. The deal was reached after discussions between officials of the Ministry of Labour & Skills and the World Bank was held last week. The World Bank is building 16 excellence centres in three African nations, including Ethiopia. Seven of these centres will be located in Ethiopia and will target technical and vocational training accessibility and quality. A month ago, a financing agreement worth 300 million dollars was also signed between the Bank and the Finance Ministry for the reconstruction and rehabilitation of conflict-affected areas in the northern and central parts of the country.


Ministry Ponders Tax Waivers for Rural Energy Solutions

Tax exemptions for off-grid energy technologies like solar pumps and mini-grids are under discussion, spearheaded by the Ministry of Water & Energy. Commonly used by rural households, officials disclose their simultaneous plan to develop 300 mini-grids in the next six years. According to Birhanu Weldu, the lead executive of rural energy technology development, the initiative tackles the country's low electrification rate and reliance on charcoal and firewood. Charcoal, fuel wood, and...


Rural Land Proclamation Comes to Light

A landmark legislation that grants title holders in rural areas the right to use the property as collateral was unanimously ratified by Parliament last week. It primarily focuses on extending access to finance for farmers and pastoralists, through a structured land title system. It also introduces criminal penalties for the illegal transfer of property. Replacing the 18-year-old proclamation for rural land management, the law sentences individuals engaging in land invasions and unauthoris...


Ethiopian Unveils $50m Domestic Terminal Renovation

With a rising demand for domestic travel, Ethiopian Airlines has renovated its terminal at Addis Abeba Bole International Airport with 50 million dollars to handle customers. The expanded terminal has doubled its previous size to 25,750Sqm and accommodates 200 daily flights to and from 22 domestic destinations. It includes four contact gates, 10 remote departure gates, 22 check-in counters with automated baggage screening systems, shops and restaurants. The terminal also features a dedica...