Diaspora Trust Fund Donates $1m Worth of Protective Gear

May 9 , 2020

The Ethiopian Diaspora Trust Fund (EDTF) has procured eight types of personal protective equipment (PPE) worth 1.2 million dollars to be used to safeguard the well-being of frontline health personnel working to save lives amidst the Novel Coronavirus (COVID-19) pandemic. The procurement was made in the middle of last week after the EDTF signed an agreement with the Ministry of Health. The procured items include face shields, thermometers, gloves, face and respirator masks and protective clothing, among others. The EDTF Emergency COVID-19 Mitigation subaccount was opened on April 4, 2020, with one million dollars in seed money. Then EDTF formed an Implementation Committee (IC) to liaise with the Ministry of Finance about the items and supplies needed to combat the pandemic and undertake the required steps to secure the supplies. The Committee procured the items from SNS Global Pharma Corporation. "We allocated one million dollars in initial start-up funding from the EDTF's ongoing fund and mobilised an additional 130,000 dollars to date under a new subaccount," said Alemayehu G. Mariam (PhD), chairperson of the ETDF.


Premier Pushes Domestic Drug Production

A six-day domestic pharmaceutical production and innovation expo was inaugurated by Prime Minister Abiy Ahmed (PhD) last week. More than 110 local pharmaceutical manufacturers participated at the Millennium Hall on Airport Road. Recently appointed Minister of Health Meqdes Daba (MD), said local production of pharmaceuticals has become a cornerstone of health policy, which received approval from the Council of Ministers a month ago. However, a report from the Global Fund For Health last year r...


AfDB Lauds $8m for Solar Mini-Grid

Around half a million people foresee benefits from the pilot mini-grid built across nine sites in Amhara, Oromia, Sidama, and the Southern regional states. African Development Bank Group has approved eight million dollars in finance to support the project under the Distributed Renewable Energy & Agriculture Modalities (DREAM) program. The DREAM project, with a total budget of 20 million dollars through concessional loans, grants, and risk mitigation, will cover half of the mini-grid capital...


Parliament Approves $275m Loan for Urban Project

A  275 million dollar loan agreement was approved by Parliament last week, to support the second phase of the Urban Water Supply & Sanitation Project. Set to be implemented over the next three years, the project follows negotiations between Ethiopia and the International Development Association (IDA). The Chief Whip Tesfaye Beljige (PhD), presented details of the loan agreement to lawmakers and said that the project focuses on enhancing the supply of clean drinking water and improving sa...