Ethiopia, Qatar Sign $18m Grant Deal

Mar 21 , 2020


Ethiopia and Qatar have signed an 18-million-dollar grant agreement for the construction and furnishing of a specialized kidney treatment center in the capital. State minister for Finance, Admasu Nebebe, and director-general of the Qatar Fund for Development (QFFD), Khalifa bin Jassem Al-Kuwari, signed the grant agreement last week. The hospital will have a six-floor building and rest on 6,337Sqm plot of land. It will be equipped with 77 inpatient beds, one intensive care unit (ICU), four operating rooms, 10 outpatient consultation rooms, as well as six hemodialysis stations. It is expected to give services to patients with conditions that may lead to kidney failure and those that may have it.


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