Tag: municipal finance
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Addis Ababa Leads in African Municipal Finance Management, Says ECA Evaluation
Overview: Addis Ababa tops African municipal finance rankings Addis Ababa has been recognized as a leading performer in municipal finance management among Africa’s major cities, according to a recent evaluation by the United Nations Economic Commission for Africa (ECA). The assessment highlights the Ethiopian capital’s advances in budgeting discipline, debt management, revenue administration, and financial…
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Addis Ababa Tops African Cities in Municipal Finance Management
Overview: A New Benchmark for Urban Fiscal Governance In a landmark evaluation by the United Nations Economic Commission for Africa (ECA), Addis Ababa has been named a leading performer in municipal finance management among major African cities. The assessment measures strategies in budgeting, debt management, revenue collection, expenditure control, and financial transparency. By excelling across…
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Addis Ababa Ranks Top in Municipal Finance Management Among African Cities
Introduction: Addis Ababa Emerges as a Leader in Municipal Finance In a landmark evaluation by the United Nations Economic Commission for Africa (ECA), Addis Ababa has been identified as a leading performer in municipal finance management among major African cities. The assessment highlights the Ethiopian capital’s progress in budgeting, debt management, revenue collection, and financial…
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Manila Receives P81.3M GSIS Insurance Payout for 2023 Pritil Market Fire
Manila Secures Insurance Proceeds After 2023 Pritil Market Fire The City Government of Manila has successfully secured a substantial insurance payout from the Government Service Insurance System (GSIS) following the 2023 fire that damaged the New Pritil Public Market. The claim, amounting to P81,342,580.52, represents a key step in the city’s broader recovery and rebuilding…
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NamWater Faces Growing Debt Crisis as Arrears Threaten Namibia’s Water Services
Overview: NamWater’s mounting arrears Namibia’s national water utility, NamWater, is grappling with a staggering debt burden estimated at about N$2.8 billion. The outstanding amounts come mainly from town councils, mines, municipalities, rural communities, and private consumers. This growing arrears problem threatens NamWater’s ability to maintain current water infrastructure, expand service coverage, and ensure reliable supply…
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Mamdani Taps Dean Fuleihan as First Deputy Mayor, a Move to Strengthen City Budgeting
Headline alignment with city leadership In a bold move aimed at tightening the city’s fiscal discipline, Mamdani announced the appointment of Dean Fuleihan, renowned for his deep budget expertise, as the city’s First Deputy Mayor. The decision signals a clear strategy to strengthen budgeting practices, improve financial transparency, and accelerate implementation of the administration’s urban…
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Jelgava Receives Over €800k to Repair Storm Damages and Restore Vital Infrastructure
Overview: Jelgava’s Storm Recovery Funding Jelgava, a key municipality in Latvia, has secured more than €800,000 from the national contingency programme to repair damages caused by the severe storms and heavy rains on 28 and 29 July 2024. The allocation comes from the Ministry of Smart Administration and Regional Development (MoSARD) and is aimed at…