Corruption Crack Down Nets More Suspects

Dec 29 , 2018

A total of 77 current and former officials in Oromia Regional State have been arrested over suspicion of corruption, and most of the suspects arrested have already appeared in court. The arrest over a week ago granted the Region’s Anti-Corruption Commission the right of custody. The suspects come from several offices and levels in the regional administration, which includes Oromia Credit & Saving Association, Oromia Procurement & Property Disposal Agency, the region’s roads authority, Gelan’s and Shashemene’s city administrations and Jimma zone. The arrests were made by forces from the Oromia Police Commission, based on the investigation conducted by the Oromia Anti-Corruption Commission in the past year, according to Abebe Kebede, the Commissioner. The investigations conducted by the Commission spanned nine branches, 10 files and involved the procurement of items in excess of 71 million Br in value, according to the Commissioner. Among the arrested were Mohammed Qasim, director of the region’s procurement agency, Mengistu Regassa, head of Bole Lemi Industrial Park, Teshome Legesse, head of Oromia Credit & Saving Association, and the mayors of Gelan and Shashemene.


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...


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...


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...