Korea Donates Masks to Ethiopian War Veterans

May 23 , 2020

The Embassy of the Republic of Korea in Addis Abeba has donated a total of 40,000 face masks to be delivered to 911 people, including war veterans and their families. The donations, provided by the 70th Anniversary of the Korean War Commemoration Committee of Korea, is aimed at protecting the veterans from the Novel Coronavirus (COVID-19). The Embassy, which plans to visit each of the war veterans, stated that the contribution of the veterans has been significant to the freedom of Korea and that this is part of the effort to promote their health and welfare. Hoon-min Lim, the Ambassador to Ethiopia, stated that Korea would not forget the noble sacrifices of Ethiopian war veterans. The Korean War Veterans Association, represented by Melese Tessema, the head of the Association, expressed gratitude and asked for sustained support for the veterans and their family members.


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...