Multi-Donor Project Funds Displaced Kids

Dec 7 , 2019


Education Cannot Wait (ECW), a global fund for education, announced a 27-million-dollar investment to support the delivery of education for more than 750,000 displaced people in Ethiopia. The funding, which was announced on December 5, 2019, will support the implementation of a new multi-year resilience programme developed by the Ministry of Education. The grant is designed to activate resource mobilisation efforts from donors, civil society organisations, the private sector and philanthropic foundations to fully fund the programme, which will cost an estimated 161 million dollars over three years. The programme will reach 380,000 boys and 365,000 girls, including 74,600 children with disabilities. To address the issue of high drop out rates of Ethiopian students in grade one, the programme focuses on early childhood education and providing improved educational opportunities for 213,000 pre-primary and 532,000 primary school-aged children. The programme will be led by the Ministry of Education in partnership with Save the Children International, UNICEF, Education Cannot Wait and the Education Cluster.


Radar

Parliament Overhauls Three Key Sectors

Parliament approved two key proclamations last week seeking to strengthen the justice system and civil registration processes. The first re-establishes the Federal Justice & Legal Institute under the Federal Supreme Court. The Institute will provide mandatory training for law graduates and professional development for judges, aiming to improve the competence and efficiency of legal professionals. Parliamentarians emphasized the importance of centralized pre-service training for all justice p...


Radar

CBE Hits Deposits Record

The Commercial Bank of Ethiopia (CBE) achieved a record 303 billion Br in deposits in the first seven months of the budget year—the largest deposit amount in the Bank's history. Total deposits now sit at over 1.4 trillion Br. The CBE attained 147.6pc of forecasts and now accounts for 58.3pc of the sector's total. The total amount of loans provided by the Bank has reached over 1.3 trillion Br, with 88pc of the 153.32 billion Br in loans disbursed by the mid-budget year going to the private s...


Radar

Revenue Bureau Cracks Down on Alleged Tax Evaders

Addis Abeba Revenue Bureau introduced a debt tracking system that would trace tax evaders. As a result, five vehicles were seized and sold to recover tax debts, generating 10.9 million Br. Currently, 13 additional vehicles and one residential property are in the process of being auctioned. In collaboration with the Financial Intelligence Service (FIS), the Bureau has been tracking taxpayers who try to escape the tax net. The Bureau has also announced that the deadline for submitting req...