Cooperative Bank Donates 70m Br to Drought Response Efforts

Feb 26 , 2022


The Cooperative Bank of Oromia has donated humanitarian supplies worth 70 million Br to drought-stricken areas of Oromia Regional State. The supplies include food and animal fodder to be distributed to five zones, including East Bale, Borena and Guji. More than half a dozen zones in Oromia, an additional 10 in the Somali Regional State, and areas of the Southern region, are suffering from what the United Nations describes as the "worst drought the country has seen in four decades." Humanitarian organisations estimate that around seven million livelihoods in the regions are in need of live-saving support. Millions more are in a similar predicament in neighbouring Kenya and Somalia as well.


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