Droga Pharma Launches Health Financial Institution


Droga Pharma Launches Health Financial Institution

Droga Pharma has announced the establishment of a financial loan and savings institution designed to support healthcare workers. Was Insurance S.C.—a new  venture affiliated with the firm, is awaiting the NBE’s green light. Once licensed, it will become the country’s first insurer offering both general and medical coverage. It will also offer credit for vehicle purchases, business ventures, and facility upgrades. The new institution targets doctors, nurses, and other medical professionals, aiming to ease the financial barriers they face in acquiring housing, transportation, or launching health-related businesses. “Capital constraints have long prevented many from opening clinics or pharmacies,” the company noted. In parallel, Marking its 10th anniversary, the company highlighted its growing impact in the sector. With 415 branches nationwide, it remains committed to improving access to quality healthcare supplies and services, according to Henock Teka, CEO of Droga. The financial initiative represents a strategic move to strengthen the economic footing of medical professionals, enabling them to grow personally and professionally while contributing to better healthcare delivery, he added.

[ssba-buttons]

Radar

Deposit Insurance Fund Grows to 15.1B Br, Signals Readiness for Crisis Response

Two years into its operations, the Ethiopian Deposit Insurance Fund (EDIF) has grown its asset base to 15.1B Br, reinforcing its role as a critical backstop for depositors and financial institutions alike. The Fund, established under a proclamation by the Council of Ministers, was designed to shield depositors in the event of bank or microfinance collapses. Since its inception, EDIF has focused on collecting premiums from member institutions, investing the funds, and building a system robust...


Radar

Rockefellers 100m Dollars Leap into Regenerative Lunches

As part of the UNFSS+4 High-Level Convening, a thematic session titled "Nourishing the Future through Regenerative School Meals" was held on July 26, 2025, at the Sheraton Addis on Taitu St. It brought together prominent figures including Ethiopia's former Prime Minister Hailemariam Desalegn, former First Lady Roman Tesfaye, and Kenya's First Lady Rachel Ruto. Organised by the Rockefeller Foundation, the event focused on overhauling child nutrition through regenerative agriculture. Sarah Farl...


Radar

Hijra Bank Backs Young Innovators with Awards, Loans

Hijra Bank has awarded five young Ethiopian innovators in the final round of its “Sirara” Creative Spark Awards, selected from over 27,000 applicants. The programme targets practical innovations in agriculture, sustainability, and appropriate technology. Top winner Milkias Ahmed (PhD) received a 300,000 Br prize and a 3 million Br interest-free loan for developing an organic soil conditioner from animal bones. Second and third prizes went to Yusuf Ali and Muhammad Juhar for a crop-harvest...