Conflict, climate change and COVID-19, have created a perfect storm of challenges facing refugees, displaced people and their hosts, UN High Commissioner for Refugees, Filippo Grandi, told the Security Council on Tuesday. The deadly mix has increased forced displacement and increased hardships, while the climate emergency has fuelled conflict in Sahel, he said. Underlining the importance […]
Ethiopia Attracts over 1 Bil USD from FDI in Four Months
Ethiopia has attracted 54 Foreign Direct investments (FDI) with more than 1 billion USD in the past four months, the Ethiopian Investment Commission disclosed. Investment Commissioner, Lelise Neme said the plan was to attract 1.38 billion USD from FDI from July to October and achieved over 1.07 billion USD, performing 78 percent against the […]
Oromia Region Chief Adm. Launches Construction of Water Supply Project in Woliso Town
The Chief Administrator of Oromia Regional State, Shimelis Abdisa today launched the construction of Woliso Town Water Supply and Sanitation project with cost of 230 million Birr. The project, which is expected to be finalized in 18 months, is financed by International Development Group (IDA). At launching ceremony, the Chief Administrator said the project will […]
Dev’t Community Calls for Universal Vaccine Access to Mitigate Impact of Omicron, Other Covid-19 Variants
Development community at the 2021 African Economic Conference has called for urgent universal vaccine access as a way to mitigate the impact of Omicron and other variants of the Covid-19 virus in the continent. The World Health Organization on Friday categorized Omicron as a Covid-19 “variant of concern”, signifying that it could be more contagious […]
GERD Will Make Ethiopia Geopolitical Power of Africa, Boost National Economy: Water Expert
The completion of the Grand Ethiopian Renaissance Dam (GERD) will stimulate the country’s overall economic activities and make Ethiopia a geopolitical power of Africa, a water expert said. Hawassa University Water Supply and Environmental Engineering lecturer, Mihret Dananto told ENA that GERD will highly stimulate the overall economy of the country by covering the power […]
Ethiopia Can Boost Economy Amid Challenges, Says Germany Economist
A German economic analyst, Patrick Heinisch, said Ethiopia has the potential to boost its economy by generating additional resources, increasing foreign direct investment and export. In an exclusive interview with ENA, Heinisch said Ethiopia has several options to generate revenue in mobilizing external resources. According to him, the Government of Ethiopia has so far been […]