Diaspora Fund Commits $0.5m to Medical Relief

Jan 3 , 2021


[ssba-buttons]

The Ethiopian Diaspora Trust Fund (EDTF) has committed half a million dollars to a medical relief fund that is intended to go toward alleviating the shortage of medical supplies in Ethiopia. The EDTF also launched a fundraising campaign through which it expects to raise an additional half a million dollars from donors intended for a similar purpose. The Fund has so far procured and delivered over a million dollars worth of medical supplies to fight the Novel Coronavirus (COVID-19) pandemic in Ethiopia. Additionally, it approved 1.3 million dollars to finance five development projects around the country. Founded in August 2018, the EDTF has 48 chapters around the globe. It aims to finance projects in areas as health, education, water and sanitation facilities, habilitation and rehabilitation of persons with a disability, agricultural development, technology, small-scale entrepreneurship and other income and employment generating projects.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...