Japan Grants 7.9m Br to Schools

Sep 18 , 2021


Two schools in the Southern and Sidama regional states are the recipients of a 7.9 million Br grant from the Japanese government. Part of the Japanese Grant Assistance for Grassroots Human Security Projects, the funds will be used to build additional classrooms at Kololo Primary School in the Southern region and Yuwo Secondary School in Sidama. It is expected to enable an additional 350 students to enroll at the schools. The agreement was signed between Ambassador Ito Takako and officials from the Tesfa Foundation in Addis Abeba last week. Half of Ethiopia’s population is under the age of 19 and over 50pc of children in the country do not have access to early childhood education.


Radar

Ethio Telecom Launches New Marketplace with Cash-Back Guarantee

Ethio Telecom has launched Zemen Gebeya, a nationwide digital marketplace integrated into the telebirr SuperApp, offering a secure platform for consumers and businesses to trade goods and services. The platform includes a built-in escrow service, allowing payments to be held temporarily until the buyer confirms delivery. If a product is not delivered or the buyer is dissatisfied, the payment is returned—creating a cash-back guarantee model designed to build trust in online transactions. Lau...


Radar

Ethiopia-Israel Business Forum Opens Doors to Investment Opportunities

The Ethiopia-Israel Business Forum took place last week at the Hyatt Regency Addis Abeba, bringing together Ethiopian government officials and investors from Israel. Officials presented a range of investment opportunities, while Israeli investors expressed interest in entering the market. The forum opened with remarks from the foreign ministers. Gedion Timotheos, Ethiopia's Minister of Foreign Affairs, used his address to extend a formal invitation to the Israeli business community, stressing...


Radar

National Bank Injects Millions Through Foreign Currency Auction

The National Bank of Ethiopia (NBE) is continuing its push to stabilise the foreign exchange market, injecting millions of dollarss into the economy through a series of currency auctions. According to official data, the latest auction was held on May 7, 2025, during which 60 million dollars was supplied to 16 participating banks at an average exchange rate of 132.9643 Br per dollar. In the previous month, the NBE held two auctions: 70 million dollars was offered on April 16 to 26 banks at an...