British Council Invests in Ethiopia's Education Quality

Oct 28 , 2023


[ssba-buttons]

In the wake of a mere 24pc of teachers passing the qualification exam which revealed severe incompetency, English language proficiency training to enhance their skills was piloted on 375 principals and teachers across the regional states. The program involved three days of physical training and 50 practice hours through digital and print mediums while they showcased the results last week at the Hyatt Regency Hotel on Africa Avenue. The event was attended by the Country Director of the British Council, David Maynard, Minister of Education Berahnu Nega (Prof) and several stakeholders from the education sector who engaged in a lively panel discussion. Funded by the British Council the course had 189,000 dollars budget. The Country Director of the British Council stated that partnership with the Ministry of Education and regional bureaus to sort out drawbacks in education quality. Berhanu concurred, noting this year's dismal students' university entrance results indicated a deeply rooted problem partly due to the incompetency of teachers and school administrators.


Radar

Dangote, EIH Break Ground on Mega Fertilizer Plant in Somali Region

Ethiopian Investment Holdings (EIH), the state's sovereign investment arm, has struck a deal with Dangote Group to build one of the world's largest urea fertiliser complexes in Gode, Somali Regional State. The 2.5 billion dollars project will see EIH hold a 40pc stake while Dangote keeps 60pc. With agriculture employing over 70pc of Ethiopians, the government hopes the factory will cut fertiliser costs, create jobs, and boost crop yields while positioning the country as a regional hub. Design...


Radar

CBE Capital Joins Nib Bank for Market Expansion

Nib International Bank has partnered with CBE Capital, the investment arm of the Commercial Bank of Ethiopia (CBE), to expand investment banking services and shore up its finances. The deal covers advisory services, seeking to strengthen Nib's balance sheet, attracting capital, and positioning the bank in a modernising financial sector. The partnership follows a difficult year for Nib, where net profit dropped 36pc to 957.9 million Br and deposits shrank, despite paid-up capital climbing to ...


Radar

Credit Cap Nears Lift-Off

The National Bank of Ethiopia (NBE) is preparing to lift its long-standing credit cap by September, unlocking 1.3 trillion Br in bank lending. The move, flagged by board member and State Minister of Finance Eyob Tekalegn (PhD), follows years of complaints from businesses that borrowing limits choked large-scale projects. Eyob told a local radio station the reform reflects rising investor appetite and improved economic conditions, though he admitted "financing has been the biggest bottleneck for...