Category Archives: Production

UN Raises $1.7 Billion for Mali, Niger, Burkina Faso

NEW YORK – The United Nations said Tuesday it has received preliminary pledges of about $1.7 billion for the central Sahel countries of Burkina Faso, Mali and Niger at a donors’ conference in Copenhagen. “This represents substantial success,” U.N. Humanitarian Chief Mark Lowcock told reporters. “Not least given the context we are working in, with

Financial Intelligence Center Striving to Curb Illicit Financial Flow

Addis Abeba : Ethiopian Financial Intelligence Center (EFIC) said it has been reinforcing efforts to sustainably deal with illicit financial flows and ensure healthy financial transactions. EFIC Communication Director, Endale Tesfaye told ENA that Ethiopia had strategic gaps that hampered it from tackling illegal financial flows which encourage terrorism and money laundering. He noted that

PM Abiy Inaugurates Bahir Dar Industrial Park

Addis Ababa: Prime Minister Abiy Ahmed today officially inaugurated the Bahir Dar Industrial Park which is constructed with an outlay of more than 53 million USD. The first phase of the park development, constructed by the China Civil Engineering Construction Company (CCECC) in Bahir Dar city of  Amhara region, lies on 75 hectares of land with 8

President Stresses Need for Prioritizing Economy

Addis Ababa The government needs to prioritize key economic measures and curb inflation against the background of COVID-19 epidemic this Ethiopian budget year, President Sahlework Zewdie said. The president made the remark in her opening speech to the joint regular session of the House of Federation and House of People’s Representatives today. She said agricultural

Interventions in Housing Sector Stimulate Emerging Economies: Habitat for Humanity

Addis Ababa : Inclusive financial interventions in the housing sector can stimulate emerging economy countries while also improving the well-being of families through healthier housing conditions, Habitat for Humanity revealed in a new report. Habitat for Humanity, a nonprofit housing organization that works to empower people in the world’s poorest communities to overcome the chronic