(ENA) The House of People’s Representatives (HPR) has approved unanimously the Proclamation for the Establishment of Capital Market today. Revenues, Budget and Finance Affairs Standing Committee Chairperson, Yayesh Tesfahunegn told the parliament that capital market will serve the public as an alternative means for saving. She added that it will also have significant impact on […]
Business
Mekele City Inaugurates First-round Electricity Project that Benefits 7 Kebeles
(ENA) The first round of electrification project carried out in Mekele City of Tigray region with a cost of 405 million Birr to benefit more than 25,000 households in 19 new settlements has been inaugurated today. Speaking at the inauguration ceremony, the Chief Executive Officer of the Interim Administration of Tigray Regional State, Abraham Belay said that the project is […]
US provides over US$181 million to avert famine in Tigray, Ethiopia
(NNN-AGENCIES) — The United States is providing more than US$181 million to deliver food, water and aid to feed more than three million people it said were facing famine in the Tigray region of Ethiopia, where thousands have been killed since conflict erupted in November. The aid, provided through the US Agency for International Development (USAID), […]
Executive summary The R4 Rural Resilience Initiative (R4) began as a strategic partnership between the World Food Programme (WFP) and Oxfam America in 2011 to build on the success of Oxfam America’s pilot project HARITA (Horn of Africa Risk Transfer for Adaptation) that broke new ground in the field of rural risk management. After the successful expansion of the R4 integrated approach under the global partnership, in October 2018, Oxfam America transitioned into an advisory role with WFP taking the lead on the management and scale-up of R4 operations, globally. WFP gratefully acknowledges the pioneering role Oxfam America played together with the communities, the Relief Society of Tigray (REST) and other local and international actors in creating, developing and transferring the HARITA model outside Ethiopia. R4 is comprised of four integrated risk management strategies that strengthen farmers’ food and income security. The initiative combines improved natural resource management through asset creation or improved agricultural practices (risk reduction), microinsurance (risk transfer), increased investment, livelihoods diversification and microcredit (prudent risk taking), and savings (risk reserves). During this quarter, activities focused on preparing for the 2020/21 agricultural season for the R4 Southern Africa countries, including Malawi, Zambia, Zimbabwe, Madagascar and Mozambique. Activities involved trainings and sensitization meetings on insurance, sustainable agricultural practices, financial inclusion and climate services. In Kenya, insurance registration for the 2020 Short Rains season was conducted with targeted farmers. Due to COVID-19, WFP Kenya adapted its registration modality to phone-based surveys and successfully managed to enroll 12,206 smallholder farmers. In Ethiopia, capacity building activities were conducted with local stakeholders. Notably, index design teams have been established both at national and regional levels to build incountry capacity to design and develop index insurance. Source: Oxfam/World Food Programme
Executive summary The R4 Rural Resilience Initiative (R4) began as a strategic partnership between the World Food Programme (WFP) and Oxfam America in 2011 to build on the success of Oxfam America’s pilot project HARITA (Horn of Africa Risk Transfer for Adaptation) that broke new ground in the field of rural risk management. After the […]
Ghana’s electricity supply mix has improved, but reliability and cost is still a challenge
Ghana has made significant progress over the past 10 years in increasing electricity generation and access. This has supported higher levels of economic growth. However, beneath these improvements lies inefficiencies, including extraordinarily high distribution losses. Electricity is also quite expensive in Ghana. If not addressed, these issues could derail Ghana’s development agenda. As countries transition their economies to […]
PM Says Opening of Telecom Sector in Ethiopia Positively Impacts All Sectors of Economy
(ENA) The introduction of competition as a result of the opening up of the telecom sector is expected to positively impact every sector of the economy, Prime Minister Abiy Ahmed said. The premier made the remark on the license agreement signing ceremony between Ethiopia and the Global Partnership for Ethiopia in the presence of President […]