Dine For Nation Garners 1.4b Br

October 31 , 2020


Dine For Nation Garners 1.4b Br

Dine For Nation, a gala dinner hosted by Prime Minister Abiy Ahmed (PhD) intended to raise funds for the rehabilitation of tourist destination sites, has garnered 1.39 billion Br of its three-billion-Birr goal. Commercial Bank of Ethiopia contributed the lion's share, singlehandedly bestowing 1.1 Billion Br to the cause. The contribution cheque was presented to the Prime Minister in the presence of the governor of the National Bank of Ethiopia, Yinager Dessie (PhD), and other board members of the Bank. So far, 26 other private and governmental institutions have deposited 275 million Br through four rounds of deposits, while a little over 10 million Birr has been collected from the Ethiopian diaspora. Tickets for the gala dinner cost 10 million Br and five million Br a plate for VVIP and VIP, respectively. The three projects to be developed are found in Gorgora in Amhara Regional State; Koisha in Southern Nations, Nationalities & Peoples' Regional State; and Wonchi in Oromia Regional State.


Radar

Ministry Revokes Hundreds of Mining Concessions

The Ministry of Mines has revoked the licenses of 972 for alleged non-compliance with the terms of their exploration and production permits, and involvement in illicit trade.  Among those on the receiving end of the measure is Kefi Gold, a firm that has been conducting gold exploration in the Western Wellega Zone of the Oromia Regional State for over a decade. The 2,000hct exploration area is estimated to hold deposits of close to 50,000Kg of gold. Last week, the National Bank of Ethiopia ap...


Radar

World Bank, Fed Agree on $715m in Funds to Fight Food Insecurity

The World Bank Group and the Ministry of Finance have signed an agreement for 715 million dollars to go towards fighting food insecurity. Most of the financing (600 million dollars) is earmarked for the implementation of a Food Systems Resilience Programme. A third of the amount is in the form of grants, while the balance is credit. An additional 115 million dollars is pledged for improving access to financial services and bolstering economic activity in pastoralist areas. The areas target...


Radar

DISRUPTION HOPEFULS

Youths checkout a booth at the AddisRupt Expo 2022, which was hosted at Safari Hotel on June 25, 2022. The expo focused on technological and entrepreneurial work, showcasing over 20 startups to visitors. The promoters of the expo aimed at connecting startups with investors and was organized by firms such as LinkUp Addis, Profit Marketing and Afromile Trading...