Construction Projects Evaluation Saves 19m Br

Jan 16 , 2021


The Ethiopian Construction Works Regulatory Authority has reported saving around 18.9 million Br in expenses on construction projects over the first half of the fiscal year. This was accomplished by evaluating the cost of construction projects, according to the report. The half-year report pivots around five major programmes: transformation and good governance; standardisation and information; construction works input and supervision; certification and registration; and administration and management. It also details that the Authority collected over 13.5 million Br in registration and certification of various services, achieving 69.5pc of its goals. The Authority had also introduced a directive to formally include the private sector in construction equipment valuation during the reporting period. Termed the Construction Equipment Registration & Disposal, the directive was prepared by a team of experts from Bahir Dar University and incorporates availing machinery permits and valuation services online.


Radar

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email