Fourth Round COWASH Kicks Off with 18.4m Euros

Nov 21 , 2020


[ssba-buttons]

The government of Finland and the Ministry of Finance have signed a grant agreement for 18.4 million euros for the fourth round of the Community-led Accelerated Water, Sanitation & Hygiene Project (COWASH IV) in the country. The agreement was signed between Yasmin Wohabrebbi, state minister for Finance, and Outi Holopainen, Finnish ambassador to Ethiopia, last Friday. This round of the programme seeks to provide access to safe water for 800,000 people. It is going to be executed in rural parts of Amhara, Benishangul-Gumuz, Oromia, Southern Nations Nationalities & Peoples, Tigray and Sidama regional states. The project, which aims to improve public health and wellbeing, social development and climate resilience, will be implemented through the Community Managed Project approach. With this approach, communities are in charge of the construction, management and maintenance of their water points. COWASH IV focuses on providing functional water supply and cost-effective sanitation facilities at schools and health centres, where major improvements need to be made.


Radar

Central Bank, Global Alliance Partner to Enhance Sustainable

The National Bank of Ethiopia (NBE) recently hosted a high-level meeting with representatives from the Global Alliance for Banking on Values (GABV) and selected member banks in anticipation of the 17th GABV Annual Meeting scheduled in Uganda. The meeting convened commercial bank representatives from Ethiopia, alongside a delegation comprising six GABV members, including Centenary Bank and Opportunity Bank Uganda, Amalgamated Bank, Sunrise Banks, City First Bank, and Merkur Cooperative Bank. G...


Radar

Commercial Bank of Ethiopia Adjusts Loan Interest Rates Amid Market Reforms

Commercial Bank of Ethiopia (CBE) has announced adjustments to its loan interest rates, effective March 7, 2025. Bank executives cited rising deposit mobilisation costs and the need to align with market standards as key factors influencing the decision, despite successful internal reforms that have reduced operational expenses. Executives noted that these adjustments are crucial for maintaining its competitive edge and ensuring the continued delivery of efficient services to its clientele. ...


Radar

Chemical Corp Posts Substantial Revenue, Profit Growth in 1Q

The state-owned Chemical Industry Corporation recorded a revenue of 2.53 billion Br in the first half of the 2024/2025 financial year. The Corporation reported a profit before tax of over half a billion Birr, which marks a considerable 182.6pc increase compared to the same period last year. Company officials attributed the growth result to enhanced market reach, effective cost-cutting measures, and optimisation of plant capacity utilisation. Year-on-year revenue growth was noted across variou...