China Proffers Third Medical Supply

Aug 29 , 2020


[ssba-buttons]

China completed the third round of its personal protective equipment (PPE) donation to Ethiopia, supporting its efforts to contain the spread of the Novel Coronavirus (COVID-19). The supplies consisted of 500,000 surgical masks, 65,000 protective face masks for medical use and 10,000 pieces of medical protective clothing. Surgical gloves, goggles and shoe covers are also part of the donation. The first batch in March was for 5.4 million face masks, 1.1 million detection test kits, 40,000 sets of protective clothing and 60,000 sets of protective face shields. The second batch consisted of 500 ventilators and 200,000 items of personal protective equipment. Both were from the foundations of Jack Ma and Alibaba to be distributed across African countries. The Chinese Chamber of Commerce in Ethiopia also announced it is going to donate a batch of medical supplies, including ambulances, ventilators and Intensive Care Unit (ICU) beds, as well as PPE.


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...