Ethiopia Improves Positions on Rule of Law Index

Mar 14 , 2020


Ethiopia ranked 114th out of the 128 countries on the World Justice Project Rule of Law Index. In the survey that involved more than 130,000 households and 4,000 legal practitioners and experts around the world, Ethiopia improved six positions. The index measures rule of law performance across eight primary factors: constraints on government powers, absence of corruption, open government, fundamental rights, order and security, regulatory enforcement, civil justice and criminal justice. Ethiopia’s overall rule of law score decreased by 5.6pc in this year’s Index. Ethiopia’s score places it at 26 out of 31 countries in the Sub-Saharan African region and 16 out of 19 among low-income countries. Significant trends for Ethiopia included an improvement in the factors measuring constraints on government powers, open government, and fundamental rights, and a deterioration in the factor measuring order and security, according to the report. Denmark, Norway and Finland topped the index.


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