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

AMG Holdings Breaks Ground on Industrial Rail Link to Ethio-Djibouti Railway

AMG Holdings has launched construction on a 2.5-kilometer railway connecting its Sheger Industrial Park to the Ethio-Djibouti Railway's Endode Station. The Ethiopian-led project comprises 1.7 Kms of main track and 800 meters of side rail. Chief Project Manager Engineer Nigist Hailu said the line is expected to be completed within six months, facilitating the transport of raw materials and finished goods to Djibouti's port. More than 100 local workers have already joined the project, with addi...


Radar

Ethiopian Deposit Insurance Fund Achieves Full Q1 Collection Target

The Ethiopian Deposit Insurance Fund collected 2.08 billion Br in the first quarter of 2025. This meets 100 percent of the target and represents a 26.83 percent increase compared with the same period last year. The rise in premiums was attributed to higher deposits from member financial institutions. To date, the fund has collected a total of 15.93 billion Br in premiums from member institutions, with 14.51 billion Br coming from regular deposits and 1.42 billion Br from interest-free depo...


Radar

Oromia Bank, Ethiopian Airlines Introduce Fly Now, Pay Later via Milkii Digital App

Oromia Bank's Milkii Digital App, launched on May 3, 2025, has introduced a “Fly Now, Pay Later” service that lets customers book Ethiopian Airlines tickets using digital loans, with payments spread over six months after travel with 16.5 interest rate and allows customers to book flights upto 300,000 Br. Developed in collaboration with Ethiopian Airlines, the platform is part of a broader effort to expand digital finance and simplify access to services. The initiative seeks to enhance conven...