CBE has donated 15 million Birr to The Ethiopian Olympic Committee to support the preparation of the Ethiopian Olympic Team for the upcoming Tokyo 2020 Olympics.
Abe Sano President of CBE presented the cheque to Olympic Committee President Ashebir Woldegiorgis.
The money will help to cover the cost of the team while travelling to Tokyo.
Originally scheduled to take place from 24 July to 9 August 2020, the event was postponed in March 2020 as a result of the COVID-19 pandemic, and will not allow international spectators. Despite being rescheduled for 2021, to be held from 23 July to 8 August 2021, the event retains the Tokyo 2020 name for marketing and branding purposes. This is the first time that the Olympic Games have been postponed and rescheduled, rather than cancelled. The Summer Paralympics will be held between 24 August and 5 September 2021 after the Olympics.
The Tokyo 2020 Games will see the introduction of new competitions including 3×3 basketball, freestyle BMX, and madison cycling, as well as further mixed events. Under new International Olympic Committee policies, which allow the host organizing committee to add new sports to the Olympic program to augment the permanent core events, these Games will see karate, sport climbing, surfing, and skateboarding make their Olympic debuts, as well as the return of baseball and softball for the first time since 2008.