COVID-19 Jab Campaign Hits 20m Mark

Mar 5 , 2022

Over 21 million people had been vaccinated against COVID-19 as of last week. Health professionals have administered close to 26 million doses of COVID-19 jabs since the Ministry of Health kicked off its vaccination campaign last April. The figures are approximately 20pc of the population, a target the Ministry had set for the end of 2021, though much of the inoculations came a couple of months late. Some 192,000 people have also received booster shots, according to the Ministry. Next week will mark two years since the first COVID-19 cases was recorded in Ethiopia. Nearly 470,000 people have contracted the virus during the period, with around 7,500 losing their lives to the pandemic. Infection rates have plummeted over the past few months. Less than one percent of diagnostic tests conducted last week registered positive results.


DDR Initiative Gets 16m Boost

A 16 million euro initiative to facilitate the disarmament, demobilisation, and reintegration (DDR) of nearly 370,000 ex-combatants was launched last week. Financed by the European Union (EU) the program will be implemented across eight regional states. It is overseen by the National Rehabilitation Commission (NRC), the agreement was signed at the Ministry of Finance's headquarters on King George St. Key figures including Semereta Sewasew, state minister for Finance; Teshome Toga, commissioner...


Central Bank Launches Youth Enterprise Forum

A financial education program targeting youth and Medium & Small Enterprises (MSMEs) was launched by the National Bank of Ethiopia (NBE) last week. It aims to equip interested trainees with personal and professional knowledge through experts from banks and microfinance institutions who will provide comprehensive training. The training modules, developed in collaboration with The First Consult and BRIDGE, cover several angles of financial literacy, including deposits, digital financial servic...


ArifPay Takes a Leap with Massive Capital Boost

Shareholders of ArifPay Financial Technologies S.C. have taken a significant stride by resolving to raise the company's paid-up capital to 300 million Br. The decision doubles down from the current 140 million Br marking a substantial increase. ArifPay, was established by 142 shareholders and secured the distinction of being the first payment operator licensed by the National Bank in 2021. CEO Bernard Laurendeau emphasised the critical timing of this capital increase, aligning with the company...