Items filtered by date: Tuesday, 10 October 2017
Tuesday, 10 October 2017 23:35

Ethiopia to Raise 1.5bn Birr for Grand Dam

Addis Ababa October 10/2017 Ethiopia has planned to raise 1.5 billion Birr in the current Ethiopian fiscal year for the construction of the Grand Ethiopian Renaissance Dam (GERD), being built along the Nile.

The Office of the National Council for the Coordination of Public Participation on the Construction of the Dam announced the plan on Tuesday at a consultation forum being held in Addis Ababa.

The Office planed to realize the target by further strengthening wider public participation, implementing various fundraising mechanisms including lotteries, music concerts, arts and photo exhibitions, among others. 

Efforts will also be exerted to widen the contribution of farmers, pastoral communities, investors and the Diaspora to realize the plan.

Ethiopia launched the construction of the grand dam along the Nile in April 2011, intended to finance the project itself by mobilizing domestic resources.

According to the original plan, the government is expected to mobilize a total of 10.1 billion Birr from domestic sources for the construction of the dam, which created consensus among the public.

Noting the willingness of the public to support the project, the Office has now upgraded its plan.

According to the revised plan, the total share of the public to the dam upgraded to 11.1 billion Birr from the previous 10.1 billion Birr.

Last year, 1.3 billion Birr, or 74.20 percent of the plan for the fiscal year, was raised by the public.


Published in Economy

Addis Ababa October 10/2017 Ethiopia has managed to lift about 5.3 million people out of the poverty over the past five years, according to an Interim Report on 2015/16 Poverty Analysis Study.

The report which was launched today indicated that the East African nation has made tremendous progress towards eradicating poverty between 2010/11and 2015/16.

It also indicated that the national poverty incidence has declined markedly over the recent years, in which the national headcount poverty rate fell to 23.5 percent in 2015/16 from 29.6 percent in 2010/11.

The number of poor people has also declined to 21.8 million from 25.1 million, while the population has increased from 84 million to 93 million during the reported period.

Deputy Commissioner of Plan Commission, Getachew Adem said both rural and urban areas witnessed a decline in food poverty in the stated period. 

In spite of the recent El-Nino driven drought that drastically hit many parts of the country, regional food poverty declined in all regional states except in Harari, which remains almost unchanged.

Wide-ranging and multifaceted pro-poor programs that have been implemented in rural and urban areas like intensification of agriculture, infrastructure development, and food security, among others have contributed in poverty reduction, he said.

Modernizing agriculture and expanding industrial development that could create more job and diversification of exports is critical in poverty reduction, he added.

The efforts that have been exerted in agriculture towards ensuring food security coupled with those in other socio-economic sectors have helped Ethiopia meet most of MDGs, Getachew noted.

According to the report, efforts of the government to create favorable environment for private sector investment, job creations, and distribution of subsidized food items to urban poor also contributed to poverty reduction.

Representative of the Development Assistance Group (DAG), Andrea Ghione said Ethiopia has taken significant steps in ensuring strong economic growth and robust progress in the provision of social services.

He said a report such as the poverty analysis report being launched today stands out among the factors that are helping to drive these advancements. 

“The report will be an important anchor for programs that are targeting funding for poverty reduction where it is needed most - to the poorest and the most vulnerable. More importantly it will allow for appropriate policy alignment at all levels,” he indicated.

Furthermore he stated that development partners remain committed to partnering with Ethiopia to build on the achievements of GTP-II.

The report has prepared by the National Plan Commission with the financial and technical support from DAG and the UNDP.

Published in Economy
Tuesday, 10 October 2017 21:35

President Discusses with IFRC Delegation

Addis Ababa October 10/2017 President Mulatu Teshome discussed with the delegation of the International Federation of Red Cross and Red Crescent Societies.

The discussion was focused on Ethiopia’s response to the drought and the performance of the Ethiopian Red Cross Society.

During the discussion President Mulatu briefed the delegation drawn from more than seven donor countries about the activities of the government in terms of supporting drought affected people.

The President, who is patron of the Ethiopian Red Cross Society, has also discussed the performance of the Society, the challenges it faced and its future activities with the delegation.

In this regard, President Teshome urged the Federation to extend the necessary support for the Ethiopian Red Cross Society in order to enhance its capability, according to Ashebir Getnet, Communication Director at the president’s office.

Dr. Jemilah Mahmood, Under Secretary General for Partnerships at the IFRC told ENA that the delegation came to Ethiopia to evaluate the performance of the Ethiopian Red Cross Society, and to analyze the recent impacts of the drought in Afar Regional State.

She lauded the Society's efforts in drought response and affirmed IFRC's commitment to work in collaboration with ERCS.

Dr Ahmed Reja, Board President of the Ethiopian Red Cross Society, stated that the Society has undertaken a tremendous work in drought response particularly in the Afar regional state.

He said ERCS has reached agreement with the IFRC to work closely on drought prevention mechanisms.

It is expected that the delegation will have a visit to drought affected areas and evaluate the actual performance of the Ethiopian Red Cross Society.