UN says Ethiopian government releases 34 aid truck drivers
November 16, 2021, 1:48 am

UN says Ethiopian government releases 34 aid truck drivers

Unite Nations-Vienna/Pixabay

The Xinhua reported that a UN spokesman said on Monday, the Ethiopian government has released almost half of the contract aid truck drivers detained, leaving 36 still held.

Farhan Haq, deputy spokesman for UN Secretary-General Antonio Guterres, said he believed the drivers were working for Catholic Relief Services. The world body wanted to see the remaining drivers and 10 national staff members of the United Nations released.

"We've heard some greater signs of agreement that we can be able to move aid along, but we want to see that carried out in practice," Haq said. "We want to see that the convoys that are sent into places like Tigray can actually get to their intended destination. The drivers were held since Wednesday."

Haq announced the drivers' release at a regular briefing where he also said the United Nations released 40 million U.S. dollars in emergency funds to Ethiopians.

Ethiopia-Family yard/Pixabay

UN Undersecretary-General for Humanitarian Affairs and Emergency Relief Coordinator Martin Griffiths allocated 25 million U.S. dollars from the UN Central Emergency Response Fund (CERF). An additional 15 million dollars was allocated from the Ethiopia Humanitarian Fund for Ethiopian relief.

The spokesman said: "These funds will help scale up emergency operations in Ethiopia's conflict-affected northern regions and support early response to the drought in southern Ethiopia."

The spokesman said the latest allocation brings CERF's support for Ethiopia to 65 million U.S. dollars this year, the spokesman said. Support from the Ethiopia Humanitarian Fund this year now totals 80 million dollars.

In the regions of Tigray, Amhara and Afar, the funds will help aid agencies provide protection and other assistance to people affected by the year-long conflict, he said. In the drought-affected Somali and Oromia regions, agencies will provide drinking water to prevent waterborne diseases and help pastoral communities to maintain their livestock.

Griffiths, who has just returned from Ethiopia, ssaid: "Millions of people in northern Ethiopia are living on a knife-edge as the humanitarian crisis is growing deeper and wider," adding, "Across the country, needs are rising."

He said: "This injection of cash will help aid organizations meet some of the most vulnerable people's need for protection and relief."

The spokesman said, humanitarian operations throughout Ethiopia face a funding gap of 1.3 billion U.S. dollars, including 350 million for the response in Tigray.

Source: xinhua

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.