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Haddis Desta Tadesse is the director for Ethiopia and the African Union (AU) at the Bill and Melinda Gates Foundation where he leads the team which oversees partnerships across the region and investments in Ethiopia’s agricultural development, health, financial services, water and sanitation, nutrition and emergency relief by managing programs and building diplomatic relations with key partners and stakeholders, including governments, AU and UN officials, donors, private sector decision-makers, NGOs and members of the press.

Warns budget cuts could regress development gains

Taking into consideration the challenges of implementing the Millennium Development Goals (MDGs) and highlighting the prospects of the upcoming SDGs, Bill and Melinda Gates Foundation (BMGF) revealed the commitment of USD half-a-billion for development projects in Ethiopia on Wednesday.

The partnership between the UK based not-for-profit Mowgli Mentoring Foundation and blueMoon PLC, a youth agribusiness incubator and seed investor founded by Eleni Gabre-Madhin (PhD), the founder and former CEO of the Ethiopian Commodity Exchange (ECX), announced this week that the first batch of young entrepreneurs who have demonstrated workable ideas in agribusiness will start their mentoring program Mowgli is set to provide until end of February this year. 

Wolday Amha (PhD), a prominent economist and commentator on economic issues, died Wednesday in a car crash while travelling from Hawassa to Addis Ababa. He was 60.

By Birhanu Fikade, Mahe Islands, Seychelles

Trade and Development Bank (TDB) of Eastern and Southern Africa has confirmed that it has disbursed an amount close to USD 60 million for companies that have submitted projects on hotel development, steel manufacturing and the like in addition to financing for the Ethiopian Airlines Group, the fastest growing airline in the continent.

- Most use informal channels

Dispersed far and wide, members of the Ethiopian diaspora have sent in USD four billion last year via formal channels, a report indicated. Overall, they are expected to send USD 4.6 billion to the country by the end of this year, according to the same study. 

Following his official visit to the Sudan this week, Prime Minister Hailemariam Dessalegn has inked an agreement that would enable Ethiopia to develop a port facility at the Port Sudan through which the government contemplates to handle half its foreign trade volume. 

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