Authority Tightens Grip on Road, Industrial Construction

Jan 23 , 2021


[ssba-buttons]

The Construction Works Regulatory Authority has announced that it will be more stringent in its follow-up, particularly with regard to delays at road and industrial construction projects, stressing that construction is a fundamental stepping stone to the commencement of any business or industry. The announcement came during a new campaign the Authority kicked off on January 23, 2021. Dubbed "A Successful Construction Industry for Ethiopian Prosperity," the campaign is being held to create awareness about its five-year strategic plan. The campaign will be a month-long affair during which discussion events will be held in the cities of Hawassa, Jimma, Debre Birhan, Jijiga and Adama. It is expected to involve the participation of over 1,000 representatives from all of the regional states, the Addis Abeba and Dire Dawa city administrations, federal institutions, trade unions and educational institutes. Established two years ago, the Authority oversees the quality and efficiency of the construction industry and industrial inputs. It also works on ensuring the well-being of the environment and public health with regard to construction.


Radar

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...