Wednesday, November 25, 2015

Ethiopia receives $50m in grant from climate change fund


The government of Ethiopia has been granted $50 million from the Green Climate Fund (GCF) for climate-resilience projects, the Ministry of Forestry, Environment and Climate Change said here Tuesday.
The Deputy Minister, Kare Chawicha, said Ethiopia will receive the money after independent GCF experts decided on the amount’s ceiling.
Ethiopia launched its ambitious five-year economic Growth and Transformation Plan (GTP II 2015-2020) in July and it had hoped to unlock up to $250 million from the fund through the Ministry of Finance and Economic Co-operation to meet its ambitious green development strategy.
The Executive Director of Population, Health, Environment (PHE), a consortium of dozens of local and international NGOs, Negash Teklu, said unlocking funds for projects in Ethiopia is not just about helping Ethiopia achieve its CRGE goal of becoming carbon neutral by 2025 but about collective growth and security.
GCF, based in South Korea, is a mechanism to redistribute money from the developed to the developing world, founded within the United Nations Framework Convention for Climate Change (UNFCCC), the organization which is organizing COP21.
Source: http://en.starafrica.com/

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     Located on the western outskirts of AddisAbaba, the Asko 40/60 condominium towers stand tall, promising a modern lifestyle but delivering a daily ordeal for its residents. Among them is Melat Kasa, a pregnant mother of two young children aged 4 and 6, who lives on the 13th floor. “I’ve been...
    June-30 - 2024 | More »
  • TPLF regains political legitimacy with Justice Ministry’s blessing
     NewsTPLF regains political legitimacy with Justice Ministry’s blessingThe Ministry of Justice has granted the Tigray People’s Liberation Front (TPLF) the green light to register with the National Election Board of Ethiopia (NEBE) as a political party.Heads of the NEBE were informed of the...
    June-29 - 2024 | More »
  • A father who lost 2 sons in a Boeing Max crash waits to hear if the US will prosecute the company
     Ike Riffel fears that instead of putting Boeing on trial, the government will offer the company another shot at corporate probationPhoto by: Jim Young/APProtesters hold photographs of victims of the 2019 Boeing Ethiopian Airlines crash, including Melvin Riffel, left.By: AP via Scripps...
    June-29 - 2024 | More »
  • Ethiopia’s dam fills threaten Egypt’s lifeline: Calls for international intervention
     Adel Sadawi, a member of the Egyptian Council for Foreign Affairs and former Dean of the Institute for Research and Strategic Studies on Nile Basin Countries, commented on Ethiopia’s announcement of its readiness to carry out the fifth filling of the Grand Ethiopian Renaissance...
    June-29 - 2024 | More »
  • Fashion event brings Kanu, others to Ethiopia
     Former Nigerian national football team striker Nwankwo Kanu and other African former football players are in Addis Ababa to participate in the Shenen Africa Fashion Festival Week 2024Upon arrival at the Addis Ababa Bole International Airport, on Thursday Kanu was welcomed by Ethiopia’s...
    June-29 - 2024 | More »
  • Economic, conflict spurring human trafficking in Ethiopia: US State Department
     NewsEconomic, conflict spurring human trafficking in Ethiopia: US State DepartmentYemeni Houthis forcing Ethiopian migrants into military serviceThe US Department of State commends the Ethiopian government’s efforts to combat human trafficking but urges that more needs to be done to eliminate...
    June-29 - 2024 | More »

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