Category Archives: Business and Finance

COVID-19 Inflicts Close to 25 Mn USD Loss on Ethiopian Horticulture

Addis ababa,  Ethiopia has lost about 25 million USD from the horticulture sub-sector since the outbreak of the global COVID-19, according to Ethiopian Horticulture Producer-Exporters Association.  Ethiopian Horticulture Producer-Exporters Association (EHPEA) Executive Director, Tewodros Zewdie said even if “detail appraisals are

FAO Provides Additional Aircraft for Desert Locust Surveillance

Addis ababa, The Food and Agriculture Organization (FAO) has provided 3 additional aircraft that will be used to identify the surveillance of desert locust to Ministry of Agriculture today. FAO Country Representative Fatuma Seid handed over the aircraft to Agriculture

FAO welcomes Russian Federation’s $10 million donation to support fight against Desert Locusts in East Africa

Rome – FAO Director-General QU Dongyu has thanked the Russian Federation for boosting the fight against the Desert Locust outbreak in East Africa by making a $10 million contribution to support FAO operations in Ethiopia, Kenya, South Sudan and Uganda.

Covid-19: IMF approves emergency virus loans for Mali, Ethiopia

WASHINGTON, The IMF approved loans worth hundreds of millions of dollars for Mali and Ethiopia to fight the coronavirus pandemic. The Washington-based crisis lender has stepped up its global financing efforts in recent weeks to help countries weather the coronavirus

IMF Approves $411 Mln. Assistance for Ethiopia to Address COVID-19 Pandemic

Addis ababa,  The International Monetary Fund (IMF) Executive Board on Thursday has approved 411 million USD in emergency assistance to Ethiopia to address the COVID-19 pandemic. A statement from IMF stated that Ethiopia is facing a pronounced economic slowdown and

House of People’s Representatives Approves Loan Agreements

Addis ababa, The House of People’s Representatives (HPR) has approved today loan agreements, including a 90-million-USD loan for Lowlands Livelihood Resilience Project. The Lowlands Livelihood Resilience Project concluded with the International Agricultural Development Fund will be allocated for 100 Woredas in

FAO welcomes Russian Federation’s $10 million donation to support fight Desert Locusts in East Africa

Rome – FAO Director-General QU Dongyu has thanked the Russian Federation for boosting the fight against the Desert Locust outbreak in East Africa by making a $10 million contribution to support FAO operations in Ethiopia, Kenya, South Sudan and Uganda.

Council Passes Decisions to Help Implement Economic Stimulus, Refers Bills to House

Addis ababa, The Council of Ministers has deliberated on wide-ranging economic issues and passed decisions that help to implement the economic stimulus intended to alleviate threats posed by the COVID-19 pandemic, and referred draft bills for approval to the House