CBE, Agency Ink Data Integration Agreement

Jul 18 , 2021


The state-owned Commercial Bank of Ethiopia (CBE) and the Federal Document Authentication and Registration Agency have signed a memorandum of understanding to enable data integration for quicker access to legal documents. Officials at the Bank disclosed that the move was necessitated by issues with forged power of attorney documents, which require lengthy procedures to verify and correct. The new digital system will enable the CBE to access the necessary information using a QR code. The system will work even if network systems are down and the service is free. Though the CBE is the first to officially adopt the system, integration has been completed with 17 other banks and the Agency is currently awaiting agreements, according to Muluken Amare, director-general of the Agency.


Radar

LOFTY CONSTRUCTS

A painting depicts traditional farming equipment at the Science Museum around the Arat Kilo area. Since the seizing of power by the current administration, large-scale architectural projects marked by grandeur have proliferated across the capital. The satellite city being built in the Yeka mountains, which is set to cost around 600 billion Br, according to the Prime Minister, is one such project yet to see the light of day. Some estimates put the plot size for the project at around 503hct despit...


Radar

CLEAN BILL

A queue for diagnostics at the nation's largest state-owned hospital, Black Lion. As the health sector is largely funded by development partners from abroad, decreased support as donors shied away due to the war in the North has required the suspension of several new projects. Social health Insurance slated for next year was scraped due to a budgetary shortfall of five billion Birr. With the physician-to-patient ratio titering at around 1:30,000, queues in public hospitals are commonplace in Eth...


Radar

ACRID GROUNDS

A street vendor puts up pepper for sale around the Lideta area. With agricultural produce accounting for the largest share of the nation's GDP at around 40pc, setbacks in the delivery of fertilizer have become a source of strife in rural Ethiopia. Only a third of the scheduled fertilizer of 1.3 million quintals has been distributed into the hands of farmers this year. This is despite the year being one in which the government claims to have met local demand for wheat and started exporting. Low p...