Lalibela Restoration Sees Additional 260m Br Grant

Oct 22 , 2022


Churches in Lalibela are to get additional funding for restoration as a follow-up to ongoing works that began in the early 2000s. The French Development Agency (AFD) has signed a 260 million Br additional grant for restoring rock-hewn churches in Lalibela town and its surroundings. The Agency, which has a presence in 115 countries handling over 4,000 projects, has inked an agreement with the Ministry of Finance. UNESCO had requested Ethiopian authorities to deliver additional studies and a strategy to preserve and restore the 11 churches. The previous work was conducted in Lalibela three years ago, costing 109 million Br. The AFD has granted the fund as additional support aiming to see the surrounding town integrated with the heritage site. The Lalibela site's preservation, restoration, and enhancement project was a commitment that the French President, Emmanuel Macron, made after paying a visit to the town in 2019.


Radar

Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


Radar

Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a statement issued by the National Bank  following the auction, it was indicated that 70 million dollars was offered for the event. Subsequently, it was reported that 96 pc of the foreign exchange needs of the participating banks were met. In the previous auction, held 15 days ago, the bank had of...


Radar

City Registers 64,075 Births in Fiscal Year

The city has exceeded its birth registration target for the first nine months of the fiscal year, registering 64,075 children—71.15pc more than the set goal of 58,342. This success, with a registration coverage rate of 109.63pc, is largely attributed to the efficiency of the one-centre birth registration service system, which has been rolled out across health centres and courts. The total number of vital events registered, including births, adoptions, marriages, divorces, and deaths, reache...