Sweden Seeds $3.6m for Good Governance

Sep 21 , 2019

Sweden pledged a grant of 3.6 million dollars to Ethiopia to support new and existing governance reform initiatives, including the justice system reform. Pledged through the United Nations Development Programme (UNDP), the financing agreement was inked last week. The agreement was signed on September 19, 2019, between Swedish State Secretary of International Development Cooperation Per Olsson Fridh; Turhan Saleh, UNDP Ethiopia Resident Representative; and Admasu Nebebe, state minister for Finance. On the same date, Fridh had a discussion with Muferiat Kamil, minister of Peace, regarding peace building, democracy and how Sweden can support Ethiopia. The two countries also agreed to work in cooperation on the economy, justice and peace.


Addis Chamber Embarks on Leadership Forum

A leadership forum where prominent executives will share their experiences in the business environment is organised by the Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) and SAK Training & Consultancy Firm. Headlining Arega Yirdaw (PhD), president of Unity University, who is expected to address the fortunes and adversities of the leadership ecosystem and share insights into his cascade of experiences, the first round is expected to set off at the Inter-luxury H...


Wegagen Bank Launches its Mobile App

Embracing the digital realm, Wegagen Bank officially launched its mobile banking application last week. The App was inaugurated in Dire Dewa City, with Yehwalashet Zewdu, vice president of the Bank Enterprise Services, showcasing its service that provides secure and seamless financial services. According to Yehwalashet, Wegagen Mobile meets the evolving needs of its clientele in Amharic, English, Afan Oromo, Tigrigna and Somali languages. Incorporated in 1997, Wegagen Bank has grown to become...


Zemen Bank Joins IFC's Trade Finance Program with $30m Boost

Zemen Bank has secured a 30 million dollar trade finance guarantee from the International Finance Corporation (IFC) to boost the trade finance operations. A member of the World Bank Group, IFC has welcomed Zemen as the newest member of its Global Trade Finance Program aimed at supporting exports and imports. Signed by Dereje Zenebe, president of Zemen Bank and Madalo Minofu, country manager of IFC, the trade financing is part of the one-billion-dollar Africa Trade & Supply Chain Finance P...