Authority Confiscates Contraband Drugs

Jun 15 , 2019


[ssba-buttons]

The government confiscated 4.2 million Br worth of medical drugs smuggled into the county through Moyale, a town along the southern border of Ethiopia with Kenya. The Ethiopian Food & Drug Administration Authority has confiscated the medicine during a surprise raid on four pharmacies in the border town. The drugs were not registered by the Authority and were brought in an unsafe manner, which can compromise their quality and effectiveness, according to the statement from the Authority. Drugs, medical equipment and cosmetic products, valued at 27.7 million Br and deemed below the minimum standards, were also confiscated at checkpoints during inspections in the first nine months of the current fiscal year.


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...