Discrepancies Force Health Ministry to Cancel $30m Bid

May 21 , 2022

The Ministry of Health has cut short a 30 million dollar tender for the procurement of mosquito nets following allegations of discrepancies in the integrity of the bidding process. Floated through the Ethiopian Pharmaceutical Supply Agency, the international tender was in the final evaluation stages when the Public Procurement & Disposal Service and the Federal Ethics & Anti-Corruption Commission raised alarms over participants' eligibility. Their investigations allege some bidders were participating with invalid licenses, while other did not meet criteria set in the bid documents. Officials at the Ministry have scrapped the bid while they conduct further investigations into the allegations. Ethiopia accounted for around one percent of the 2.3 million malaria cases recorded in 2020, according to data from the World Health Organisation (WHO).


Pivots in Business Maze

A set of projects spearheaded as part of ease of doing business reform with a 7.2 million euro finance from the European Union (EU) is set to improve and navigate the lingering concerns in Ethiopia's business landscape. E-governance projects are undertaken by GIZ International Services and Mckinsey & Company in cooperation with five federal agencies, including the Justice, Trade,  Innovation, Revenues ministries and National Bank of Ethiopia (NBE) are part of the wider plan to improve the d...


Dashen Bank Board Reinstates its Chair

Dashen Bank re-appoints Dula Mekonnen as its Board Chairman, extending his tenure for another three years. The decision was made during a board of directors meeting held at the Sheraton Addis Hotel last week. Dula holds a first degree in electrical engineering from the Adama Science & Technology University and a graduate degree in business management. With a diverse leadership background spanning three decades, Dula has served as a manager at Ethio-Leather Industry Plc and managed Wenji S...


Digital Fuel Transactions Soar Amid Subsidy Drop

Nationwide digital fuel transactions have exceeded the 155.4 billion Br mark, as the Ethiopian Petroleum & Energy Authority released a half-year report last week. Consistent reductions in fuel subsidies have led to the fuel price stabilisation fund hitting an all-time low of 117.4 billion Br, a decrease of 79.6 billion compared to the previous year. The report highlights the successful monitoring of subsidies across the country's 1,589 fuel stations, benefiting nearly 200,000 transporters...