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.


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...


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...


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...