Fourth Phase of Sanitation Initiative Kicks Off

May 29 , 2021


The fourth phase of the Community-Led Accelerated Water, Sanitation & Hygiene project (COWASH IV) was kicked off during a ceremony attended by dignitaries of the Government of Finland. The 41-million-euro project targets to provide access to water supply for more than one million people across the country under the supervision of the Ministry of Water, Irrigation & Energy.  The project is set to run from now up until December, 2024, and will be implemented in 99 woredas and 37 zones located in the Amhara, Tigray, SNNP, Oromia, Benishangul-Gumuz and Sidama regional states. The third phase of COWASH, which expired in June 2019, was started a decade ago and was implemented across 76 woredas across five regional states. It managed to build almost 17,000 water points for communities, schools and health facilities.


Radar

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


Radar

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


Radar

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...