2merkato

An initiative to recognize and encourage female farmers and pastoralists in the bid for food security in Ethiopia is to recognize ten women under the theme of ‘Female Food Heroines.’

The organizer of the award Together for Food Security Initiative announced at the Jupiter Hotel by the organizer. The press conference held to announce the award had the aim of involving the media in raising proper awareness and recognition for female farmers and pastoralists contributing to the fight against poverty, hunger and unemployment explained the organizers at the time.

The award also intends to highlight the daunting challenges faced by women in the field of agriculture as symbolized by the achievements of the Food Heroines.

Ethiopian Shipping and Logistics Services Enterprise announced that it has built and made ready two warehouses at Modjo Dry Port to store fertilizers for the 2022 harvest year. The warehouses have been built at a cost of 98 million birr using K-span building technology.

The Bole International airport, Ethiopia Revenue and Customs Authority lost an estimated 30 million birr in revenue to fiber optics network failure that lasted for two days last week.

The optical fiber network failed for the second time in 50 days due to alleged damages to the lines around the Bole Michael area according to sources.

A similar problem that occurred at the beginning of the month of February had shut down the Customs office for three days resulting in an estimated loss of 40-50 million birr in revenue.

Government officials and financial institutions discussed with Chaltu Sani, the Minister of Ministry of Urban and Infrastructure, today on the provision of housing development financing. The discussion focused on the possibility of realizing the aims of the 10-year master development plan on development options.

The Ministry of Finance, Commercial Bank of Ethiopia, and Senior Officials of Addis Ababa City Housing Development attended the discussion. The discussants vowed to work together in the future.

Source (including image): Fana BC

Investors have expressed in partnering with Nyota Minerals in efforts to develop its gold concession in Ethiopia. The interest expressed by financiers increases the company’s confidence in the project announced Nyota.

Nyota is in the process of finalizing plans to develop a 250 million US dollar mine Ethiopia and is seeking to raise funds through a combination of equity and credit.

The company has considered selling a stake in the project as one option for financing according to Richard Chase, Chief Executive for Nyota. The company has been approached by several investors interested in a acquiring a stake in the project expected to be the second gold mine in the country he said.