US Launches $4m Project to Improve Institutions

Apr 13 , 2019


[ssba-buttons]

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

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...