US Launches $4m Project to Improve Institutions

Apr 13 , 2019


The US government launched a two-year, four-million-dollar project on April 10, 2019, to support and strengthen institutions in Ethiopia. Feteh, which will be funded by USAID, will provide technical support to the Attorney General’s Office and the Supreme Court’s efforts to expand their independent decision-making and oversight capacity. Chief Justice Meaza Ashenafi, joined Bonnie Glick, deputy administrator of USAID, and Michael Raynor, US ambassador to Ethiopia, during the launch of the event in Addis Abeba. “Today, we are opening a new chapter in our partnership. The United States is committed to investing in the capacity of Ethiopia’s legal institutions to achieve their goals of ensuring free and fair elections, promoting human rights, citizen engagement and greater representation,” said USAID Deputy Administrator Glick. The US has invested four billion dollars in development and humanitarian assistance in Ethiopia over the past five years.


Radar

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email