Ethiopia, ECA Team up on Resilience Project

Aug 16 , 2020


The Economic Commission for Africa (UNECA) and the government of Ethiopia have inked an agreement framework to launch a four-year project on nature-based solutions for water resources infrastructure and community resilience at a cost of 3.6 million dollars. Seleshi Bekele (PhD), minister of Water, Irrigation & Energy, signed the MoU with Vera Songwe, executive secretary of ECA. The project has support from Sweden under the SIDA-funded ECA programme Delivering Climate Resilient Development Policies in Africa. The programme was kicked off through tree planting efforts carried out in Amhara, Oromia and Addis Abeba; and later in Afar, where this activity has been postponed due to the recent floods in the area. Nature-based solutions for climate action creates jobs and contributes to the achievement of the Decade of Action, according to Vera.


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