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.


Radar

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email