Category Archives: Banking and Finance

world Bank Approves 12 Bln USD for COVID-19 Vaccines in Developing Nations

Addis Abeba  The World Bank’s Board of Executive Directors on Tuesday approved an envelope of 12 billion USD for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens. According to a statement from the World Bank, the financing that aims to support vaccination of up to one

Ethiopian Electric Power Inaugurates Power Stations Built with 53.7 Mln USD

Addis Ababa : Ethiopian Electric Power has inaugurated on Thursday three electric power sub-stations constructed in Oromia Regional State with an outlay of 53.7 million USD. The substations constructed in Dukem, Bishoftu, and Mojo towns of the region are expected to ease the power outage problems in addition to enhancing the provision of electric power

Dashen Bank Fund 30m Birr to Dine for Ethiopia

Addis Ababa : Dashen Bank has contributed a 30 million birr support for the Dine Ethiopia project launched by Prime Minister Abiy Ahmed on mid of last August. The ‘Dine for Ethiopia’ program will mobilize funds for three projects, in Gorgora, Wonchi and Koysha. The new initiative aims to raise 3 billion Birr within two

Finance Minister Ahmed Shide Receives African Finance Minister of the Year Award

Addis Ababa : Ethiopia’s Finance Minister Ahmed Shide has received the 2020 award for the African Finance Minister of the Year today. The minister received the award during a virtual ceremony at the 5th US-Africa Investment Forum and Policy Dialogue 2020. The award recognizes Ahmed’s “outstanding achievements in Africa’s business landscape and contributions to Africa’s

Intelligence Center, Accounting & Auditing Board Sign MoU to Combat Financial Crimes

Addis Ababa: The Financial Intelligence Center and the Accounting and Auditing Board of Ethiopia have signed a Memorandum of Understanding that enables them to combat crimes related to financial reporting. The MoU was signed today between Ethiopian Financial Intelligence Center Director-General Tewodros Bekele, and Accounting and Auditing Board of Ethiopia Director-General Hikmet Abdella. During the