2merkato

Ethiopia and World (WB) sealed a 370-million-USD loan agreement to support the Ethiopian Expressway Development project, Ethiopian News Agency reported.

To help Ethiopia mitigate the effects of the COVID-19 pandemic in the country, the World Bank Group’s Board of Executive Directors approved $82.6 million ($41.3 million grant and $41.3 million credit) from the International Development Association.

World Cooperation Industries Forum (WCI Forum) makes Ethiopian traders and businesspersons guests of honor in the WCI forum which will be held in Ankara for the seventh time between September 14 and 15 this year. a result of their status, Ethiopian participants would enjoy special discounts, it was learnt.

As a parent, I’m used to seeing my children glued to screens of various sizes, talking to their friends, playing games, and learning in an increasingly digital world.

The internet offers up a world of opportunity, but it isn’t without risk. As more children and young people get online, it’s important that we’re skilled up on how to keep them safe.

Last year, a groundbreaking report called ‘Disrupting Harm’ played a key role in helping us understand the online risks facing children in Ethiopia.

The UNICEF-supported research found that young people were engaging in a number of risky online activities including sending personal information – such as full name, address, or phone number – to someone online whom they have never met in person, meeting in person someone whom they first knew online but was unknown to them in the offline world, and sending a sexual image or video of themselves to someone on the internet.

Wegagen Bank, Ethiopia announced that it has earned 458.3 million birr in gross profit in the past financial year. The bank earned 251.7 million birr after tax showing an estimated 126 thousand birr in profit as compared to the previous financial year and the Earning per Share distributed to shareholders was 70 birr lower than the year before falling from 448 birr to 378 birr.

The bank’s earnings in general were stagnant in comparison to the previous year when the bank’s net profit and legal reserve had shown a growth of 9.3 million birr.

The bank needs to develop its deposit mobilization with total deposits for the last fiscal year 305 million birr less than the 5.73 billion birr in the previous fiscal year according to industry experts.