Fourth Round COWASH Kicks Off with 18.4m Euros

Nov 21 , 2020

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.


Abyssinia Bank Taps to Digital Loan Solution

The Bank of Abyssinia (BoA) is moving forward to provide banking solutions facilitating microloans. The Bank has hired an Indian-based tech vendor Newgen Software Company, that bagged the international bid on December 22, 2022. Over 10 companies have shown interest in the bid floated by the bank four months ago. The solution provider has committed to completing the project in six months with Yonas Daniel, regional manager for Newgen, and Menbereselassie Gebrekidan, procurement director at Aby...



Bank of Abyssinia rolls out banking services on a truck around Meskel square in the capital. With less than half of Ethiopian adults having access to bank accounts, financial inclusion is a major issue. The central bank revealed in August 2022 that 8,944 commercial bank branches exist in the country. The 30 commercial banks currently in operation offer credit services to less than 400,000 customers charging an average of 17pc interest on asset-backed loans...



Left) Elias Woldu and Mesnbet Shinkute sign a Memorandum of Understanding on behalf of the Ethio-American and Addis Abeba Chamber of Commerce & Sectoral Association, respectively. Some estimates put the number of Ethiopian diaspora living abroad at over two million people, larger than the population of several small nations. Continued economic and political deprivation has forced many to leave the country for better opportunities. While migration to other countries is still high, the number...