MPs Raise Concern Over Budget Transfer to Human Rights Commission

May 31 , 2020


MPs Raise Concern Over Budget Transfer to Human Rights Commission

Lawmakers raised concerns over the new proposed procedure that allows the deposit of the entire budget of the Human Rights Commission with a month of the parliament legislating the federal budget. The existing law states that the Commission's budget should be deposited at the National Bank of Ethiopia, or at another bank designated by the NBE, and shall be utilised in accordance with financial regulations of the government for implementing the Commission's objectives. The newly drafted establishment proclamation of the Commission proposed that the money shall be transferred to the Commission's account within a month after the federal budget is approved by the parliament. The draft was submitted during the session that was held at the end of last week in the presence of 298 members. However, some MPs doubt the country can afford to inject any kind of money after the economic devastation caused by the pandemic. The draft has also restructured the nominations of the committee members by adding new members from the National Election Board of Ethiopia, the Ethiopian Academy of Science, civil society organisations, and another member to be elected by the joint agreement of opposition parties and given a seat in the House.


Radar

Ministry Revokes Hundreds of Mining Concessions

The Ministry of Mines has revoked the licenses of 972 for alleged non-compliance with the terms of their exploration and production permits, and involvement in illicit trade.  Among those on the receiving end of the measure is Kefi Gold, a firm that has been conducting gold exploration in the Western Wellega Zone of the Oromia Regional State for over a decade. The 2,000hct exploration area is estimated to hold deposits of close to 50,000Kg of gold. Last week, the National Bank of Ethiopia ap...


Radar

World Bank, Fed Agree on $715m in Funds to Fight Food Insecurity

The World Bank Group and the Ministry of Finance have signed an agreement for 715 million dollars to go towards fighting food insecurity. Most of the financing (600 million dollars) is earmarked for the implementation of a Food Systems Resilience Programme. A third of the amount is in the form of grants, while the balance is credit. An additional 115 million dollars is pledged for improving access to financial services and bolstering economic activity in pastoralist areas. The areas target...


Radar

DISRUPTION HOPEFULS

Youths checkout a booth at the AddisRupt Expo 2022, which was hosted at Safari Hotel on June 25, 2022. The expo focused on technological and entrepreneurial work, showcasing over 20 startups to visitors. The promoters of the expo aimed at connecting startups with investors and was organized by firms such as LinkUp Addis, Profit Marketing and Afromile Trading...