Donors Avail $165m for Displaced Kids Schooling

Feb 15 , 2020


UNICEF's Education Cannot Wait (ECW) has announced a 165-million-dollar grant for three years to provide education to 746,000 children affected by crises in Ethiopia. ECW has earmarked 27 million dollars as seed funding to address the educational needs of 60,487 of the most vulnerable children IDPs, returnees and children from host communities in Amhara, Oromia and Somali regional states. Part of the funding will be used to support efforts to mobilise the funding gap of 138 million dollars needed for the whole programme. The funding will be used for children left behind because of violence, drought, displacement and other crises. The Ministry of Education will lead the programme in partnership with Save the Children International, UNICEF's Education Cannot Wait and the education cluster of the organisation.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email