Safety Net Graduates Take Life Skills, Financial Training

Dec 5 , 2020


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 Buys Time, Not Relief as Creditors Stall on Debt Write-Off

Ethiopia's official creditors expect to finalise a draft restructuring of the country's debt in the coming months, granting the government more time to repay its obligations while avoiding a direct reduction to the initial debt amount. Ethiopia defaulted on its external debt in December 2023, before its leaders announced a preliminary deal in March with its Official Creditor Committee to reorganise 8.4 billion dollars, an essential step in moving beyond sovereign default. Under the agreement...


Radar

Road Injuries Increase by 35pc, with Pedestrians Most Affected

Addis Abeba's streets continue to present fatal risks for pedestrians, who account for 86pc of all traffic fatalities reported in 2023/24. Megenagna emerged as a particularly hazardous area, logging the highest number of fatalities, including 13 deaths. While the number of pedestrian deaths has dipped slightly, overall injuries have surged by 35pc since 2020/21, with eight out of 10 injuries involving those on foot. The Addis Abeba City Administration revised its 13-year road safety strate...


Radar

Awash Insurance Customer Week Discount

Awash Insurance Company(AIC), serving for over 30 years, gives a 25pc discount on Mortgage Redemption Insurance (MRI), Individual Life Insurance, Education Insurance, Workers' Compensation Insurance, and Fire & Lightning Insurance. This was announced during the celebration of Customer Week at their headquarters, on April 7,2025. Jibat Alemneh, CEO of the company said, Vehicles owners that purchased thier cars with full insurance coverage will receive enhanced benefits at no extra cost at...