Discrepancies Force Health Ministry to Cancel $30m Bid

May 21 , 2022


[ssba-buttons]

The Ministry of Health has cut short a 30 million dollar tender for the procurement of mosquito nets following allegations of discrepancies in the integrity of the bidding process. Floated through the Ethiopian Pharmaceutical Supply Agency, the international tender was in the final evaluation stages when the Public Procurement & Disposal Service and the Federal Ethics & Anti-Corruption Commission raised alarms over participants' eligibility. Their investigations allege some bidders were participating with invalid licenses, while other did not meet criteria set in the bid documents. Officials at the Ministry have scrapped the bid while they conduct further investigations into the allegations. Ethiopia accounted for around one percent of the 2.3 million malaria cases recorded in 2020, according to data from the World Health Organisation (WHO).


Radar

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...