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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Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


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Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


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Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...