COVID-19 Cases See 91pc Monthly Jump

Apr 17 , 2021

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.


Abyssinia Bank Taps to Digital Loan Solution

The Bank of Abyssinia (BoA) is moving forward to provide banking solutions facilitating microloans. The Bank has hired an Indian-based tech vendor Newgen Software Company, that bagged the international bid on December 22, 2022. Over 10 companies have shown interest in the bid floated by the bank four months ago. The solution provider has committed to completing the project in six months with Yonas Daniel, regional manager for Newgen, and Menbereselassie Gebrekidan, procurement director at Aby...



Bank of Abyssinia rolls out banking services on a truck around Meskel square in the capital. With less than half of Ethiopian adults having access to bank accounts, financial inclusion is a major issue. The central bank revealed in August 2022 that 8,944 commercial bank branches exist in the country. The 30 commercial banks currently in operation offer credit services to less than 400,000 customers charging an average of 17pc interest on asset-backed loans...



Left) Elias Woldu and Mesnbet Shinkute sign a Memorandum of Understanding on behalf of the Ethio-American and Addis Abeba Chamber of Commerce & Sectoral Association, respectively. Some estimates put the number of Ethiopian diaspora living abroad at over two million people, larger than the population of several small nations. Continued economic and political deprivation has forced many to leave the country for better opportunities. While migration to other countries is still high, the number...