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 Insurance Policy Covers Drivers, Assistants

Dec 26 , 2020


[ssba-buttons]

A life insurance policy for cross-border drivers and their assistants in relation to the Novel Coronavirus (COVID-19) has been operational as of December 24, 2020. Announced by the director of the Insurance Fund Administration Agency, Workinesh Birru, as well as representatives from the Association of Ethiopian Insurers and Cross Border Freight Transport Owners Association, the insurance will be applicable to problems arising due to the pandemic. Fifty percent of the annual premium, amounting to just over 2,000 Br for drivers and around 750 Br for assistants, is to be covered by the owners of the vehicles. In the case of death due to COVID-19, the insurance company will pay out 250,000 Br and 150,000 Br for drivers and assistants, respectively. Additionally, in the case where they are unable to work for two months due to contracting the virus, the insurance policy will compensate with 6,000 Br to drivers and 3,000 Br to assistants.


Radar

Coffee Export Platform Links Ethiopian Roasters with Overseas Consumers

Ethiopian coffee roasters have gained a direct route to international consumers through a multi-brand e-commerce export platform launched by DHL Express Ethiopia and EXM Global PLC. The companies say it is the first platform of its kind in Ethiopia. Bringing together 10 Ethiopian coffee brands in a single digital marketplace, the platform enables overseas customers to order freshly roasted coffee in quantities ranging from speciality retail purchases to larger commercial volumes. DHL Express...


Radar

Addis Abeba Clears 59Km of Rivers, Remains Short of Halfway

Addis Abeba has completed 59Km of river cleanup and development work, although total coverage has yet to reach 50pc. Mayor Adanech Abebe said the 59Km stretch was transformed in one and a half years as she presented a comprehensive review of the city's strategic plan from 2022 to 2026. Mayor Abebe described the progress as a major "breakthrough", saying the work relied entirely on the city's funding, engineers, architects and workers. By comparison, she said, a world-renowned foreign contract...


Radar

Kisse Platform Brings Collateral-Free Microloans Through Agent Network

Mefithe Microfinance S.C., MZ Tech, and Arifpay Financial Technologies S.C. have launched “Kisse”, an agent-powered digital microloan platform designed to expand access to finance for micro and small enterprises. Through trained local agents, borrowers can apply for collateral-free, short-term business loans. Once approved, the funds are transferred to mobile wallets or bank accounts through Arifpay's payment gateway. The partners said loans can be disbursed within hours. Under the par...