FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




COVID-19 Cases See 91pc Monthly Jump

Apr 17 , 2021


[ssba-buttons]

The highest number of severe cases of the Novel Coronavirus (COVID-19) has been recorded over the past week, with over 1,000 people currently seeking treatment in intensive care units. Over the last 10 days, more than 20,600 cases have been recorded, a 91pc increase compared to the same period last month; 275 have lost their lives, and 1,031 have been admitted to intensive care units. The total number of cases a year since the pandemic first broke out in the country sits at more than 238,000, while 3,300 have lost their lives. Officials at the Ministry of Health are attempting to enforce safety protocols whereby people who go against wearing protective face masks in public places and keeping physical distance face charges. Since the Ministry announced this rule, 73,000 individuals have been arrested for failure to comply, authorities disclosed. Meanwhile, more than 430,000 people have taken their first jabs from the 2.5 million doses of the COVID-19 vaccine that were brought into the country. Priority has been given to medical professionals, people above the age of 65, and those 55 and over with proven pre-existing medical conditions. The issue of medical oxygen has yet to see a lasting solution, with treatment centres across Addis Abeba continuing to report severe shortages. Lia Tadesse (MD), minister of Health, told the media last week that her Ministry has managed to increase the amount of supply to 2,500 cylinders a day from around half that amount just a few weeks ago. Another 253 mechanical ventilators are being distributed, pushing the total number available in the city to 473.


Radar

Tariff Reform Powers EEP Revenue to 119 Billion Br

Ethiopian Electric Power (EEP) collected 119 billion Br in revenue during the 2025-2026 fiscal year, up 57.8pc from the previous year, while recording a gross profit of 39.5 billion Br. The performance comes as EEP faces public scrutiny over a multi-year electricity tariff reform. EEP achieved 92pc of its 129.8 billion Br revenue target. It attributed the performance to improved revenue collection systems and better coordination, following a period in which the utility operated at a significa...


Radar

ESX Names Yodit Kassa CEO in Leadership Handover

The Ethiopian Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa. ESX credited Tilahun with steering the Exchange from its early project phase into a fully operational securities market. He established its governance, technological and operational foundations while building relationships with regulators, investors and other stakeholders. Yodit and Tilahun have been...


Radar

Enat Bank Enlists Partners to Develop Gender Bond

Enat Bank has entered a four-party partnership to develop what the partners describe as Ethiopia's first private-sector gender bond. The bank signed a memorandum of understanding with FSD Ethiopia, I-Capital Africa Institute and FSD Africa to structure and launch the bond. The partners will collaborate throughout the pre-issuance and post-issuance phases. Their work will cover transaction structuring, framework development, regulatory compliance, investor engagement and post-issuance manageme...