CALLOUS CONCRETE


CALLOUS CONCRETE

The area around Piassa, which used to house sunglasses vendors appears void as it juxtaposes the Mayor's Office in its horizon. A sustained campaign has been launched in the capital and neighbouring cities to remove all property that is not built with the government's approval. The aesthetic appeal of the city has been one of the main priorities of the Mayor's Office which announced this week the construction of a park sitting on 14.5hct near Bole airport dubbed the 'Window of Africa'. A satellite city project headed by the Prime Minister reportedly costing 600 billion Br is also under construction in the Yeka mountains.


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DDR Initiative Gets 16m Boost

A 16 million euro initiative to facilitate the disarmament, demobilisation, and reintegration (DDR) of nearly 370,000 ex-combatants was launched last week. Financed by the European Union (EU) the program will be implemented across eight regional states. It is overseen by the National Rehabilitation Commission (NRC), the agreement was signed at the Ministry of Finance's headquarters on King George St. Key figures including Semereta Sewasew, state minister for Finance; Teshome Toga, commissioner...


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Central Bank Launches Youth Enterprise Forum

A financial education program targeting youth and Medium & Small Enterprises (MSMEs) was launched by the National Bank of Ethiopia (NBE) last week. It aims to equip interested trainees with personal and professional knowledge through experts from banks and microfinance institutions who will provide comprehensive training. The training modules, developed in collaboration with The First Consult and BRIDGE, cover several angles of financial literacy, including deposits, digital financial servic...


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ArifPay Takes a Leap with Massive Capital Boost

Shareholders of ArifPay Financial Technologies S.C. have taken a significant stride by resolving to raise the company's paid-up capital to 300 million Br. The decision doubles down from the current 140 million Br marking a substantial increase. ArifPay, was established by 142 shareholders and secured the distinction of being the first payment operator licensed by the National Bank in 2021. CEO Bernard Laurendeau emphasised the critical timing of this capital increase, aligning with the company...


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