Browsing: Agriculture in Ethiopia

FAO says that in addition to lost agricultural assets, the state of core basic services across northern Ethiopia is impeding relief efforts.

“Electricity and fuel are lacking, cash and credit are not to be found, and there is only one functional road in and out of the region”, noted Paulsen.

According to the organization, the conflict commenced at the peak of what would have been the main Maher season harvest before many households had the opportunity to harvest their crops.…

World Bank grants to Ethiopia for urban programs and Agriculture

The world Bank signed a $400 million grant to Ethiopia for its urban programs and another $80 million to support the completion of projects started during the second phase of Agricultural Growth Program (AGP II).

The $400 million agreement was signed by the Minister of finance Ethiopia Ahmed Shide and Ousmane Dione, World Bank Country Director for Ethiopia, Eritrea, Sudan and South Sudan to support Ethiopia’s urban programs. The programs include job creation and productive safety nets program in Ethiopia’s cities.

During the signing ceremony, the government of Ethiopia said it will also allocate an additional $150 million for the implementation of the program aimed to be executed within five years. 83 cities and towns in Ethiopia will benefit from the programs while also 798,500 people living below the poverty line will benefit from the programs.

The $80 million grant aims at supporting the completion of projects started during the …

Italy funds agri-business development in Egypt and Iran

The Italian Development Cooperation contributed more than €4.55 million to two United Nations Industrial Development Organization (UNIDO) projects in Egypt and Iraq.

A signing ceremony to launch the projects took place at the UNIDO headquarters.

The Egypt project was developed after an in-depth analysis of the Egyptian tomato value chain. Egypt is the world’s fifth-largest producer of tomatoes producing about eight million tonnes of fresh tomatoes per year. Suitable climate, dual seasonality and fertile lands attributed to the success of the crop. However, only three to four per cent of the tomato crop is processed, with the processing sector affected by lack of integration with the supply chain.

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The project will boost the linkages between supply and processing factories, improve the technical skills of workers and managers in the factories, improve the quality of production and processing of tomatoes and expand …

Awash Bank, USAID to help small Agribusinesses in Ethiopia

The U.S. Agency for International Development (USAID) and Awash Bank announced a new partnership of $6.4 million to finance microfinance institutions and small- and medium-sized agricultural businesses in Ethiopia.

Under a USAID Development Credit Authority (DCA) agreement, the program will expand commercial bank lending into underserved areas in Ethiopia. It will also provide private finance needed to help farmers and businesses increase production, as well as support Ethiopia’s efforts to modernize the agricultural sector.

Through private capital sources, local microfinance institutions are able to expand lending to individuals and small businesses, mostly smallholder farmers and Productive Safety Net Program (PSNP) clients. This partnership will also support Awash Bank’s direct lending to SMEs in the agriculture sector, where access to credit remains low despite contributing 34 per cent of Ethiopia’s GDP and employing about 70 per cent of the total labour workforce.

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