Canada Commits 191m Br to Promote Women’s Education

Aug 22 , 2020


Cuso International, a nonprofit organisation based in Canada, has launched a five-year project worth 191.7 million Br in the Benishangul-Gumuz Regional State to promote women’s education. Dubbed U-Girl 2, the project is aimed at girls ages 15 to 25, their families and communities to address existing gender barriers that impede their education. The project will provide academic resources, training, tutorials and financial stipends for adolescent girls. Implemented in seven districts, it is expected to benefit 16,500 girls directly and effect an overall reach of 100,000 people. The project is funded by the government of Canada through Global Affairs Canada and is being implemented in cooperation with the Institute of International Education. The U-Girls 2 project will help to address some of the disparities existing in girls’ access to education. That, in turn, will contribute to better participation of women in leadership and politics in the region, according to Solen Abera, lecturer and gender focal person in the Faculty of Health Science at Assosa University. Cuso International works with local partners to amplify their impact in the areas of gender equality, female empowerment and improved economic opportunities for youth.


Radar

Ethiopian Airlines Fined $425,000 for Non-compliance

The United States Department of Transportation (DOT) has imposed significant fines on Ethiopian Airlines and Etihad Airways, totaling 425,000 dollars and 400,000 dollars, respectively. Ethiopian Airlines operated flights under United Airlines' code, while Etihad Airways used JetBlue's code in regions where U.S. flights were prohibited. An investigation by the Department's Office of Aviation Consumer Protection (OACP) uncovered that from February 2020 to December 2022, Ethiopian Airlines conduct...


Radar

Enat Holds Steady as Revenue, Expense Soar

Enat Bank held its 11th Annual General Meeting of Shareholders last week at the Millennium Hall on Africa Avenue, where it announced a profit after tax of 555.2 million Br, exhibiting an incremental 2pc growth from the previous year. The Bank registered stronger growth with a 29pc increase in revenue, reaching 4.3 billion Br. The bank's focus on strategic branch expansion and enhancements to digital banking resulted in a 18.4pc deposit growth, bringing total deposits to 21 billion Br. Preside...


Radar

Addis Surges, Minimum Threshold Out of Reach

Addis International Bank reported an 85pc growth in net profit to come in at 413.87 million Br. The bank's total assets as of the 2023/2024 fiscal year were 15.4 billion Br, representing a 22.2pc rise of 2.8 billion Br over the previous year. The Bank also posted a substantial 13.8pc rise in paid-up capital from the previous year to sit at 2.1 billion Br. It was noted at the general assembly that “the Bank is far away to reach the required minimum capital after two years.” Addis Internation...