Diaspora Trust Fund Seeds $1m Emergency Support

Apr 12 , 2020


[ssba-buttons]

The Advisory Council of the Ethiopia Diaspora Trust Fund (EDTF) has committed one million dollars in seed money to the new emergency fund, which was established to mobilise resources to mitigate effects of the Novel Coronavirus (COVID-19). The new emergency fund will be guided primarily by the priority items identified by the Ministry of Health. It will also closely coordinate with the Prime Minister’s National COVID-19 Resource Mobilisation Committee, the Ministry of Health's COVID-19 Task Force, and collaborate with other Ethiopian diaspora organisations working to address the virus's threat to Ethiopia. The new fund will be coordinated in Ethiopia by Board Chairperson Zafu Eyesuswork, Vice-Chairperson Mehret Mandefro (PhD) and the EDTF Secretariat. It will provide periodic reports on funding allocations and expenditures. There is no more critical and urgent healthcare need facing all Ethiopians today than the prevention, treatment and mitigation of COVID-19, according to Alemayehu G. Mariam (PhD), chairperson of the EDTF Advisory Council.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...