Pre-Primary School Obtains 3.5m Br for Expansion

Jan 31 , 2021


[ssba-buttons]

Dalota Pre-Primary School in Galan town, Oromia Regional State, received a 3.5-million-Br grant from the Embassy of Japan for an expansion project, with the grant signing ceremony held earlier this week. The expansion project entails the construction of one block of four classrooms and another block for toilets at the school. The Galan Town Administration requested assistance from the Embassy to accommodate the growing number preschoolers, and it is hoped that the grant will enable the creation of a better learning environment. The grant comes as part of the Japanese Grant Assistance for Grassroots Human Security Projects, which has implemented over 400 projects in Ethiopia since it was introduced in 1989.


Radar

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...