Red Cross Embarks on UK Aid Packages


Over one million people foresee humanitarian assistance focused on health and hygiene as the United Kingdom launches a 3.4 million pound finance package through the Red Cross. Meanwhile, a 2.4 million pound is set to deliver international Procurement Orders with its counterpart in the UK. Nearly 10 vehicles have been donated by the FCDO Civil Society Strengthening Programme (CSSP) during a ceremony that saw the attendance of UK Ambassador to Ethiopia, Darren Welch and representatives of the African Union. The ambassador expressed his sentiment that the financial package pave the way where vulnerable communities may get access to the desired services. The support for the UK comes from a program aimed at alleviating conflict and drought-ridden areas, which is indicated as one of the United Kingdom's top priorities in Africa.


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Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


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Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


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Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...