Items filtered by date: Monday, 06 November 2017

Addis Ababa November 06/2017  Ministry of Agriculture and Natural Resources said it will prepare 3 million hectare of land for cultivation through small-scale irrigation development this Ethiopian fiscal year.

This was disclosed at the opening of a six-day training program organized by Korea International Cooperation Agency (KOICA).

Ministry Small-scale Irrigation Development Director, Elias Awol said preparation for the irrigation development will be finalized this week.

The current irrigation coverage has benefitted 7 million households by irrigating 2.8 million hectares, he added.

He stressed on the importance of putting primary attention on efforts of capacity building, adoption of water technologies and research activities for the sustainability of irrigation development.

Agriculture and Natural Resources State minister, Dr. Kaba Urgessa said Africans are dependent on farming for their livelihoods, creating economic opportunities, to avail nutritious food and to reduce poverty. 

There are good opportunities in our countries to address smallholder farmers in a sustainable way, like workable policies and strategies, ample land and water resources and favorable climatic conditions, he added.

According to him, various efforts have been made to support smallholder farmers to assure sustainable food security and increase exporting earnings. 

KOICA Country Director, Doh Young Ah said on her part the training will create capacity on rural development, irrigation, and development issues.

The Country Director pointed out that Korea’s support strategy for Ethiopia is based on the country's GTP II Agriculture and Rural Transformation Plan.

Korea’s support will take an integrated approach, encompassing basic rural infrastructure development, she added. 

The trainees are from Ethiopia, Tanzania and Uganda.

Published in Economy

Addis Ababa  November  06/2017 African countries are spending more than their fair share in climate adaptation responses as opposed to the insinuation that the nations are not investing in their own climate adaptation responses and are waiting for international support, findings of a joint study by UNDP Regional Office for Africa and the African Climate Policy Centre at the Commission for Africa revealed.

The study showed that public expenditure on adaptation by African countries constitutes 20 percent of their total needs at present.

Expenditure on adaptation ranges between 2 to 9 percent of GDP; and represents more than other forms of expenditure in public services such as health care and education, although the level of investment as a proportion of GDP expenditure varies among countries.

This is significantly higher than the adaptation resource flow from international sources, the study revealed.

“The disproportionate share of investment in adaptation as opposed to its smallest share of contribution to the global GHG emissions needs to be fully recognized and boosted under global financing mechanism for climate response, especially under the implementation of the nationally determined contributions (NDCs),” the report stated.

African countries are making a major contribution to adaptation that constitutes 20 percent of the total adaptation expenditure required to reduce potential economic impacts of climate change.

Meanwhile, most of these countries face major exposure and sensitivity to climate change risks as well as fiscal challenges, the study added.

Countries that have reduced the potential impact of climate change by more than 20 percent, include those with low climate change risks like Liberia, Namibia and Zimbabwe; high expenditure, for example Ethiopia, Gambia, Zambia; and lower risk and good expenditure countries like Rwanda, Senegal, Uganda , according to the study.

It also stated that the objectives of the Review of African Commitment to Adaptation was to provide some initial estimates of the current spending on adaptation by African governments, and to assess the extent to which this funding meets the scale of the adaptation challenge as determined by the Intergovernmental Panel on Climate Change (IPCC) and other assessments.

The study further pointed out that Africa has always been labeled as a tenuous recipient of development assistance, with unending expectations of support in addressing climate impacts on its development, despite its miniscule share of responsibility for the causes of climate change.

While this stigma is baseless, it remains to be fully disbarred using empirical studies demonstrating regional investments for climate adaptation by the countries, it added.

Published in Environment

Addis Ababa  November  06/2017 The National Bank of Ethiopia said it is striving to support export and import substitution by managing the demand of foreign currency and inflation.

The annual performance of 2016/17 and the plan for 2017/18 were presented today to the Budget and Finance Affairs Standing Committee at the House of People's Representatives.

Governor of the National Bank of Ethiopia, Teklewold Atnafu said the main reason for devaluing birr was to promote the export sector and to supply the necessary foreign currency for the fast growing economy of the country.

GDP of the country has growing from 370 million birr to 1.8 trillion birr in last six to seven years, he added.

Controlling the flow of money, loan, and providing foreign currency for the priority areas like agriculture and export are among the measures that are going to be taken by the bank.

The bank will also strive to fulfill the demands of the export and import substitution investment areas which are the basic tools to prevail the problem of foreign currency, Governor Teklewold elaborated.

In addition to this, the bank has planned to limit the inflation level to one digit in this fiscal year

Speaking about the performance of the bank last Ethiopian fiscal year, he noted that it has managed to keep inflation 8.8 percent and attempted to create stable financial environment in the country.

 Budget and Finance Affairs Standing Committee Chairperson, Genet Tadesse appreciated the activity of the bank in ensuring a stable financial system in the country.

 Ethiopia plans to increase export by 36 percent at the end of GTP II.

Published in Economy

Addis Ababa   November 06/2017 Ethiopia will remain an active player in ensuring peace and security at regional and global level, according to Ministry of Foreign Affairs.

 Spokesperson of the Ministry Meles Alem told ENA that Ethiopia, an active player both at regional and international levels will continue on exerting maximum effort in its diplomatic activities.

 As a member of IGAD, Ethiopia is an active player in mediation processes in the region, particularly in neighboring countries, Meles pointed out.

 The Ethiopian government has been very strong advocate of dialogue in the issue of south Sudan, the Spokesperson elaborated.

 Since the onset of the conflict in that country, Ethiopia has been striving along with neighboring countries and IGAD for the peaceful resolution of the crisis.

 Regarding Somalia, Ethiopia has also been active player in efforts aimed to bring lasting peace to that country including deployment of its troops. “We have deployed our peacekeeping troops under AMISOM”.

 Meles affirmed that the Horn African nation has also continues to play significant role both as regional and international forums, he said.

 “During the previous meeting in New York, also the Ethiopian leadership has been able to bringing the attention of the international community to the peace and stability of south Sudan and the importance of fighting terrorism in Somalia. So for Ethiopia, the region is its priority we are paying the ultimate price in the region.”

 The Ethiopian government has also been in the process of updating its foreign affairs policy and national security to suit to different emerging worldwide issues.

 The updating has become important as the world has changed a lot since the issuance of the foreign affairs and national security policy of Ethiopia 15 years ago, Meles said.

 To cite but a few, South Sudan was a part and parcel of Sudan during the time the document was released and more over there are different emerging issues like climate change and terrorism, the geo politics has dramatically changed, it was stated.

 The Foreign Affairs and National Security Policy and Strategy document, which is currently under implementation, was formulated and issued by the Government of the Federal Democratic Republic of Ethiopia in 2002.


Published in Politics

Addis Ababa November 06/2017 The Federal Urban Job Creation and Food Security Agency announced that it has created 119,931 jobs in the first quarter of this Ethiopian fiscal year.

The performance is 68.61 percent of the planned 174,810 jobs, it was learned.

Urban Development and Construction Standing Committee Chairman, Fufi Dilgasa appreciated the overall quarterly performance of the agency and urged the agency to work harder to improve weaknesses.

He urged the management of the agency to strengthen and expand the micro manufacturing enterprises to absorb the young labor force.

The Standing Committee evaluated the 2017|18 fiscal year plan and said the quarterly performance of the agency is promising, but it could have done more in establishing and expanding micro manufacturing enterprises.

The Chairman stressed that the 44.6 percent job creation performance in micro manufacturing in the first quarter indicates the much needs to be done in the sector.

The agency was also urged to strengthen its supervision and support to micro manufacturing enterprises, in collaboration with regions and other stakeholders.

Federal Urban Job Creation and Food Security Agency Deputy Director- General, Bekele Mengistu said the agency is working to establish a concrete and well organized data collection system to benefit the right persons.

Published in Economy

ENA Photo Display

Visit Us on Social Media


Visitors Counter