FAO Launches $10.6m Drought Resistance Project

Apr 10 , 2021


[ssba-buttons]

Over 117,000 households in the Afar, Somali, and Southern regional states are set to benefit from a 10.6-million-dollar project aimed at protecting pastoralists and farmers living in areas classified as drought-sensitive. The project, which is funded by the United Nations Central Emergency Relief Fund, will entail the provision of drought-tolerant crop seeds as well as health treatment campaigns and supplementary feed for livestock. The Food & Agriculture Organisation (FAO) will provide the beneficiaries with unconditional cash packages expected to cushion them from drought’s adverse impacts. The FAO is carrying out the six-month project in anticipation of drought in the regions due to a forecast of below-average rainfall levels for three months beginning March 2021.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...