MasterCard Funds COVID-19 Response Centre

Oct 17 , 2020


[ssba-buttons]

MasterCard Foundation and the Ministry of Innovation & Technology have launched a project to support the development of the Citizens Novel Coronavirus (COVID-19) Response Data-Driven Health Informatics Portal. The Ministry has received close to 887,000 dollars from the Foundation for the project, which will leverage digital innovation in the response and engagement of citizens on the pandemic. The platform being devised by the project will serve as a joint portal to collect and release information on government intervention policies regarding COVID-19 at a regional and national level. It will also facilitate information flow to citizens on all government COVID-19 responses. Plans for a rapid response centre to respond to questions and concerns from citizens is part of the project. This will use an inbound and outbound call centre with a toll-free line integrated with an information portal. The Response Centre is expected to be run by the Ministry of Innovation & Technology and its partners, including the Ministry of Health, the Ethiopian Public Health Institution, and Ethio telecom among others.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...