Standing Committee to Review Election Postponement Bill

May 2 , 2020

The Legal, Justice & Administration Affairs Standing Committee is set to review a bill for the postponement of the upcoming national election. The bill was directed to the standing committee with three opposing votes and seven abstentions. The decision to postpone the election was proposed by the National Electoral Board of Ethiopia in March due to the effects of the Novel Coronavirus (COVID-19) pandemic. The Board explained that the government's restrictions against public gatherings are an obstacle to its work to undertake voter registration, recruitment, and training of electoral staff as well as other pre-election preparation tasks. However, the postponement faced an intense backlash from Adhana Haile (PhD), MP-TPLF, who argued that the spread of the virus in Ethiopia had not reached the status of a pandemic and that the bill falls short by announcing the new dates.


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...


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...


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...