Commission Lauds Averting Near Billion Birr Worth Corruption Cases

Dec 2 , 2023


[ssba-buttons]

Officials at the Federal Ethics & Anti-corruption Commission laud preventing a staggering 812 million Br possible losses, during the first quarter report to parliament last week. Commissioner Samuel Urkato revealed that nearly 1.9 million square metres of land was seized as it made its way into passing ownership through a chain of corruption. Despite the purported success of the Commission, low salary scales had resulted in around a quarter of its employees fleeing to better alternatives. Members of the Legal Justice & Democracy Affairs Standing Committee chaired by Ewnetu Alene enquired about the lack of cooperation schemes with other institutions like the Human Rights Commission and the Ombudsman Office. The Commission has a budget of 66 million Br for the year. Senior officials pointed to the lack of a sufficient budget for proper training and capacity-building programs. The report indicates that 25 million Br of the budget is earmarked for salary payments, with the rest of the budget dispersed for all other services by the Commission.


Radar

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material costs. Speaking at the opening of the BIG 5 Construct Ethiopia expo and the inaugural East African Infrastructure & Water Expo at Millennium Hall last week, Chaltu stressed the need for concerted efforts from government, private sector, and international partners to support the 67 billion dol...


Radar

Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement enables eligible diaspora members to access loans covering up to 80pc of a home's value at reasonable interest rates. The bank's Deputy CEO Kidane Gebreselassie noted the deal will promote the real estate sector and expand homeownership options. Founder and CEO of Gift Real Estate, Gebreyesus Igata...


Radar

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Sport Bureau to advance Ethiopia's sports science and training capacity. Signed on June 26, the agreement includes joint research, shared facilities, and hosting of national and international competitions. It is expected to strengthen youth development, public health, and national pride through coor...