Capital Gears to Host Antimicrobials Summit


Officials, healthcare experts and academicians from 12 African countries will gather in Addis Abeba this week to address the silent pandemic of Antimicrobial Resistance (AMR) which has become a public health concern. The two-day regional summit organized by the World Health Organization (WHO) aims to review the responsible and appropriate use of Antimicrobials and encourage partnership and resource mobilisation of the health system. Sub-Saharan Africa has seen the highest burden of AMR-related deaths with a significant impact on the economy where close to 1.27 million deaths were attributed to it while 4.95 million deaths were recorded to its associated factors. The meeting is scheduled to discuss common concerns and explore methods to strengthen antimicrobial-related governance and management where a joint information-sharing platform for its implementation is expected to be developed.


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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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