Yasmin Graces Finance Ministry as State Minister

Jul 25 , 2020


Yasmin Wohabrebbi takes the place of Admasu Nebebe as state minister for Finance in charge of economic cooperation as of July 14, 2020. Yasmin has been working at the Ministry for the past year as director of international financial institutions cooperation. Before rejoining the Ministry last year, she worked at the Agricultural Transformation Agency (ATA) for a little over five years. She had also worked at the then Ministry of Finance & Economic Cooperation for six and a half years in different capacities. Yasmin earned a master's degree in international trade policy & trade law from the University of Lund in Sweden. She also holds a BA degree in economics from the University of Gonder. Admasu, who had been serving as a state minister for over three years, resigned last month to join the African Development Bank (AfDB). Admasu will take a post as an advisor presenting Ethiopia to the Executive Director's Office for East Africa as of August 1. Abebe Tadesse, director of project development and monitoring at the Public-Private Partnership Directorate, replaced Yasmin as director of international financial institutions cooperation.


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