The Netherlands Bestows Ethiopia with 16m

Jul 25 , 2020


[ssba-buttons]

The Ministry of Finance inked a grant agreement with the Netherlands for just under 16 million euros to finance the Kunzila Integrated Landscape Management and WASH projects. The agreement was signed virtually by Minister of Finance Ahmed Shide and Thijs Woudstra, deputy ambassador of the Netherlands in Ethiopia. The project, signed at the end of last week, is expected to improve agricultural productivity for 22,000 people and employ at least 750 youth. The financial and technical support will also give access to clean water for 22,058 rural and 9,529 urban people in Amhara Regional State. The project will be executed by the consortium of the Water & Land Resource Centre of Addis Abeba University and SNV, a Netherlands-based nonprofit organisation. SNV provides technical assistance and programme implementation in agriculture, WASH and energy sectors and is currently active in eight regional states and two city administrations in the country.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...