Auditor Gives Deadline to Peace Ministry to Clear Audit

Feb 2 , 2019


The Auditor General gave a two and a half month deadline to the Ministry of Peace to clear a 19.3 million Br audit irregularity. The Auditor General pointed out that the gaps were caused by payments made without receipts, procurement made without the proper bidding process and without proper documentation and making procurements while there was no demand for products and services. Last Friday the four security and intelligence offices: Ministry of Peace, Ministry of Defense, Information Network Security Agency (INSA) and the National Intelligence & Security Service defended the audit gaps pointed out by the Auditor General. Six months ago the agencies were advised to clear the audit gaps for the years 2013, 2014 and 2017. In the latest session held at the end of last week, the offices presented their three-year reports to a special committee in parliament chaired by Tagesse Chafo, speaker of the house, which considered the recommendations of the Auditor General. The three agencies, except for the Ministry of Peace, cleared their audit report, while the Ministry still came up with some gaps that led the special committee of parliament to order the Ministry to report back in two and a half months.


Radar

Ethiopia Buys Time, Not Relief as Creditors Stall on Debt Write-Off

Ethiopia's official creditors expect to finalise a draft restructuring of the country's debt in the coming months, granting the government more time to repay its obligations while avoiding a direct reduction to the initial debt amount. Ethiopia defaulted on its external debt in December 2023, before its leaders announced a preliminary deal in March with its Official Creditor Committee to reorganise 8.4 billion dollars, an essential step in moving beyond sovereign default. Under the agreement...


Radar

Road Injuries Increase by 35pc, with Pedestrians Most Affected

Addis Abeba's streets continue to present fatal risks for pedestrians, who account for 86pc of all traffic fatalities reported in 2023/24. Megenagna emerged as a particularly hazardous area, logging the highest number of fatalities, including 13 deaths. While the number of pedestrian deaths has dipped slightly, overall injuries have surged by 35pc since 2020/21, with eight out of 10 injuries involving those on foot. The Addis Abeba City Administration revised its 13-year road safety strate...


Radar

Awash Insurance Customer Week Discount

Awash Insurance Company(AIC), serving for over 30 years, gives a 25pc discount on Mortgage Redemption Insurance (MRI), Individual Life Insurance, Education Insurance, Workers' Compensation Insurance, and Fire & Lightning Insurance. This was announced during the celebration of Customer Week at their headquarters, on April 7,2025. Jibat Alemneh, CEO of the company said, Vehicles owners that purchased thier cars with full insurance coverage will receive enhanced benefits at no extra cost at...