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African Development Bank Group awards $16.6 million grant to International Institute of Tropical Agriculture

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The African Development Bank Group (AfDB) and the International Institute of Tropical Agriculture (IITA) have signed a $16.61 million grant agreement to launch the third phase of the Technologies for African Agricultural Transformation Program (TAAT-III), aimed at scaling climate-resilient food production across the continent.

The agreement, signed on 18 February 2026 in Abuja, bolsters a shared commitment to modernise African agriculture by scaling proven technologies, strengthening seed systems, and expanding partnerships among research institutions, governments, and private sector actors.

Since its launch in 2018, TAAT has become one of Africa’s most effective and transformative platforms for agricultural innovation, reaching nearly 25 million farmers and boosting productivity across major staples. The initiative has expanded climate-resilient agricultural practices across over 35 million hectares.

Working closely with the Consultative Group of International Agricultural Research Centres (CGIAR) and national and regional partners, TAAT has increased crop yields as much as 69 percent and generated more than $4 billion in additional agricultural value. Countries including Sudan, Ethiopia, Zambia, Zimbabwe, and Nigeria have recorded notable gains in staple crop productivity and resilience to climate shocks.(Press Release)

Call for Independent Legal Framework to Protect Domestic Workers from Exploitation in Ethiopia

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The Forum for Social Studies (FSS) has issued an urgent call for the ratification of an independent legal framework to govern the domestic work sector, following a comprehensive study on the rights violations and harsh working conditions faced by female domestic workers in Ethiopia.

The policy document, titled “The Situation of Female Domestic Workers in Ethiopia: Current Realities, Perspectives, and Policy Directions,” released at the end of 2025, strongly criticizes the fact that while the sector employs thousands of women, it remains outside the protection of the country’s labor laws.

The study points out that despite the existing Labor and Social Affairs Proclamation No. 1156/2011 (and the previous Proclamation No. 377/1996), contracts for private domestic services are explicitly excluded from these protections.

This exclusion has left millions of workers vulnerable to severe exploitation without any legal shield.

Specifically, while Article 3(3)(c) of Proclamation No. 1156/2011 grants the Council of Ministers the authority to issue a regulation governing the working conditions of domestic workers, no such regulation has been enacted to date. This lack of legal standing remains a major obstacle to the protection of workers’ rights.

Research conducted in Addis Ababa and Hawassa reveals that the majority of domestic workers begin their employment during adolescence.

To address this gap, the Ministry of Labor and Skills announced that it has completed preliminary preparations to establish a structure that will legally bind employment contracts for domestic workers, both domestically and for overseas employment.

In its most recent discussion, the Forum for Social Studies (FSS) reiterated its call for the government to urgently issue a regulation that aligns with the standards set by the International Labour Organization (ILO).

Overnight Money Market Trading Surges to Historic Highs

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The interbank money market has witnessed extraordinary trading activity in this week’s trading session, according to figures released this evening.


Overnight interbank money trading has shown significant growth in recent weeks, culminating in a record-breaking performance during the weekly reporting period of February 23 to 27, 2026.


The Ethiopian Securities Exchange weekly report indicates that a total of 125 interbank money market transactions were executed during the week. The total value of these transactions also reached a historic high, with banks trading 87.4 billion birr on the overnight maturity platform.


Typically, seven-day maturity transactions account for a larger volume than overnight deals; however, recent weeks have seen a shift in this trend.


In the first week of February, overnight money trading involved 72 transactions totaling 45 billion birr between banks.


The previous record for overnight trading was 53 billion birr, recorded in the last week of January with 94 transactions.


It is worth recalling that the interbank money market was launched in October 2024 as part of the modern monetary policy framework.


On September 26, 2025, the market reached a breakthrough transaction volume of one trillion birr.
As of Friday, February 27, 2026, the swelling volume stands at 1.96 trillion birr and is expected to double in the coming week.


The remarkable growth is attributed to growing confidence and increasing experience among market participants.

NBE issues notice on illegality of peer-to-peer crypto trades

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In a statement released today, the central bank clarified that under the current regulatory framework, any platform, exchange, or service facilitating Birr-paired P2P trading is prohibited unless explicitly authorized by the NBE. This ban specifically extends to all forms
The NBE’s notice serves to define the legal boundaries of digital asset trading within the country, emphasizing that the national payment system currently excludes such informal financial channels. The central bank stated that these unauthorized transactions operate outside the regulated financial ecosystem, lacking the mandatory safeguards associated with formal financial institutions.

While acknowledging the global growth of digital and virtual assets, the NBE reiterated its commitment to maintaining financial stability and system integrity. The institution announced that it is actively developing a comprehensive regulatory framework designed to eventually facilitate safe participation in digital asset technologies.

“This process includes ongoing consultations with international peer regulators and domestic stakeholders to ensure alignment with global best practices,” the NBE stated. Until this framework is formally introduced and authorized, the public is warned that engaging in Birr-paired P2P cryptocurrency transactions remains a violation of current regulations.