Lalibela Gains Heritage Institute

Sep 11 , 2020


A cornerstone for a new Heritage & Tourism Research Studies Institute has been laid at Lalibela Church. It will serve as a branch of Woldiya University, which is undertaking the construction. During the ceremony, state minister for Higher Education & Science, Afework Kassu (PhD), noted the government is initiating research and tourism and heritage research institutions to promote the country’s benefit from the sector. The Institute will enhance tourism flow by creating ways of preserving heritage, according to Afework. The launch was also attended by Hirut Kasaw (PhD), minister for Culture & Tourism, who stated that Lalibela still has a lot of untapped tourist attraction sites and that preservation and research on history should be developed further. The Institute will play an important role in alleviating the shortage of skilled manpower in heritage maintenance, according to Hirut.


Radar

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


Radar

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


Radar

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...