COVID-19 Positivity Rate Reaches Zenith as Fourth Wave Sets In


COVID-19 Positivity Rate Reaches Zenith as Fourth Wave Sets In

The Ethiopian Public Health Institute announced that the positivity rate for COVID-19 has reached up to 89pc in select areas of Addis Abeba where it conducted surveys. People have been flocking to health centres for treatment for a flu-like disease presenting symptoms such as headache, fatigue, back and joint pain, and coughing. The Institute has cautioned the public to take the illness seriously as a potential COVID-19 infection. Of the 55,562 people that went to the health centres in the capital for treatment in the past week, close to half tested positive for COVID-19. Country-wide, the positivity rate is hovering around 36pc, up from five percent two weeks ago. The Institute warns that another wave of the pandemic has come with potentially devastating consequences. Last week alone, some 41 people succumbed to the virus while 260 patients were admitted to intensive care units. Over 33,000 people tested positive over the same period.


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Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


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$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


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Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


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