Safety Net Graduates Take Life Skills, Financial Training

Dec 5 , 2020


[ssba-buttons]

The Food Security & Productive Safety Net Agency has started its second round of life skills and financial literacy training for 49,000 heads of households. Trainees are part of the 201,000 beneficiaries that were being supported by the second round of the Urban Productive Safety Net Programme launched in 2017. The entire Programme has benefitted 604,000 people throughout 11 cities in the country including Addis Abeba. At the end of the Programme, the beneficiaries receive training to engage in businesses of their choosing. Over 500 staff from the Agency have aided graduates from the Programme in crafting their business proposals for micro and small business enterprises. The training, which will last up to 13 days, is being conducted across 14 Technical & Vocational Training Colleges and will involve 7,000 trainers. Funded by the World Bank and the government, the Programme aims to improve the incomes of the urban poor and facilitate the inclusion of disadvantaged urban youth in the labour market.


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...