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.


Radar

Parliament Reviews Bill Allowing Foreign Property Ownership

A draft proclamation that would allow foreigners to own or occupy immovable property in Ethiopia has been submitted to parliament by the Council of Ministers. Designed to attract foreign investment, the draft law plans to ensure that Ethiopian citizens retain their right to land ownership and use. According to a statement from the Prime Minister's Office, the draft was among six agenda items discussed and approved during the Council's regular session held on May 2, 2025. The proclamation is e...


Radar

Speeding in the Spotlight as New Safety Drive Begins

The Road Safety and Insurance Fund Service has stated that drivers are responsible for 68 percent of traffic accidents in Ethiopia, with the remainder mainly caused by pedestrians and road conditions. On this topic, the service launched a one-month mass media campaign on last week focused on raising awareness about speeding, the leading cause of traffic accidents. The campaign, under the motto "Slow Down, Speeding Ruins Lives," plans to shed light on the dangers of speeding. Yohannes Lemma, E...


Radar

Askari Metals Secures Five Gold Licenses in Untapped Adola Belt

Askari Metals has acquired 100pc of Rift Valley Metals, gaining five gold exploration licences covering 460sqkm in Ethiopia's Adola Greenstone Belt, part of the southern Arabian-Nubian Shield, a mineral-rich but underexplored region. "The exploration areas—Sakaro, Sakaro West, Lega Dembi South, Megado, and Wayu Boda—lie near Ethiopia's top gold mines, including Lega Dembi and Sakaro, which have produced over three million ounces of gold. The area is known for orogenic gold systems hosted...