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

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