Quarterly Report

Jembernesh Kinfe (left), deputy chairman of the Environment Protection Standing Committee, Sileshe Bekele (PhD), minister of Water, Irrigation & Electricity, and Roman Gebreselassie, head for the Office of the National Public Participation Council for the Grand Ethiopian Renaissance Dam.


Quarterly Report

Jembernesh Kinfe (left), deputy chairman of the Environment Protection Standing Committee, Sileshe Bekele (PhD), minister of Water, Irrigation & Electricity, and Roman Gebreselassie, head for the Office of the National Public Participation Council for the Grand Ethiopian Renaissance Dam, met at parliament during the first quarter report by the Ministry on December 29, 2018. It was announced that the GERD, previously said to have reached 65pc completion rate, was at 63pc.


Radar

DDR Initiative Gets 16m Boost

A 16 million euro initiative to facilitate the disarmament, demobilisation, and reintegration (DDR) of nearly 370,000 ex-combatants was launched last week. Financed by the European Union (EU) the program will be implemented across eight regional states. It is overseen by the National Rehabilitation Commission (NRC), the agreement was signed at the Ministry of Finance's headquarters on King George St. Key figures including Semereta Sewasew, state minister for Finance; Teshome Toga, commissioner...


Radar

Central Bank Launches Youth Enterprise Forum

A financial education program targeting youth and Medium & Small Enterprises (MSMEs) was launched by the National Bank of Ethiopia (NBE) last week. It aims to equip interested trainees with personal and professional knowledge through experts from banks and microfinance institutions who will provide comprehensive training. The training modules, developed in collaboration with The First Consult and BRIDGE, cover several angles of financial literacy, including deposits, digital financial servic...


Radar

ArifPay Takes a Leap with Massive Capital Boost

Shareholders of ArifPay Financial Technologies S.C. have taken a significant stride by resolving to raise the company's paid-up capital to 300 million Br. The decision doubles down from the current 140 million Br marking a substantial increase. ArifPay, was established by 142 shareholders and secured the distinction of being the first payment operator licensed by the National Bank in 2021. CEO Bernard Laurendeau emphasised the critical timing of this capital increase, aligning with the company...


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