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 Infection, Death Rates Fall to Lowest Levels Since Onset

Mar 26 , 2022


[ssba-buttons]

Data from the Ministry of Health reveals that COVID-19 infection rates have dropped to the lowest levels since the pandemic's early days in 2020. Less than 900 people have tested positive for the virus thus far in March 2022, while the death toll remains under 30 for the month. The figures are the lowest since the pandemic first began to ramp up between March and May 2020. Though the lull is an encouraging sign, health officials urge the public to continue practicing social distancing and wearing face masks, as similar drops in infection and death rates were observed in the lead up to the three separate COVID-19 waves to hit the country since the first case was detected in March 2020. The pandemic's death toll sits near 7,500, with nearly 470,000 confirmed cases over the past two years. Health professionals have administered close to 29.5 million doses of COVID-19 vaccines since the Ministry kicked off its vaccination campaign a year ago.


Radar

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. Bisrate Teshome, senior private...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of less than 250 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost o...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...