Amhara State Launches Wash Program

Feb 22 , 2020


The Amhara Regional State has launched a Clean Water & Health Care (COWASH) project, with close to 2.3 billion Br. The program, which was launched on February 19, 2020, is expected to benefit 1,394 small institutions including 320 health institutions and 360 schools, gain access to water. The COWASH (Community-Led Accelerated WASH) project has been jointly owned by the Finnish and Ethiopian governments for the past 25 years. Recently the project secured 1.3 billion Br in financing. The governments of Ethiopia and Finland have agreed to cover 700 million and 644 million Br of the finances, respectively. The program is currently being executed in 76 weredas across five regional states. The project will also be launched in Oromia, SNNP, and in Benishagul Gumz next year.


Radar

Regional Development Banks Tie-up for Private Sector Growth

Arab Bank for Economic Development in Africa (BADEA) and Trade Development Bank Group (TDB) signed a 100-million-dollar disbursement for a hybrid capital instrument last week on the sidelines of the African Union summit. Admassu Tadesse, president and managing director of TDB Group, and Sidi Ould Tah (PhD), president of BADEA were the signatories at the event attended by Central Bank Governor Mamo Mihretu, CEO of the Ethiopian Securities Exchange Tilahun Kassahun (PhD), and Deputy Chairperson of...


Radar

National Bank Reports Five-Year Low Inflation, Record-High Exports

The National Bank of Ethiopia (NBE), in its six-month snapshot on monetary and external sector developments, reports that inflation has dropped to 15.5pc, the lowest in five years and a 13.9pc decline from last year's 29.4pc rate. Headline inflation stood at 34.5pc during the same period in 2022. The report also shows a sharp decline in food inflation, which fell by 16.6pc, from 32.3pc in January 2024 to 15.7pc in January 2025. Non-food inflation dropped by 10.2pc, from 25.3pc last year to 1...


Radar

Horn Initiative Boosts Regional Development Agenda

A total of 20 projects worth three billion dollars are currently being implemented in Ethiopia under the Horn of Africa Initiative, which held a performance review platform last week. This initiative, established in 2019, seeks to economically integrate Horn of Africa countries through development projects. Finance Minister Ahmed Shide accentuated the initiative's goals of enhancing infrastructure connectivity, strengthening trade and economic integration, building resilience to natural and man...