DSTV Adjusts Ethiopia's Package

Apr 17 , 2020


DSTV has come up with a special package to help keep children learning from home during school closures due to the Novel Coronavirus (COVID-19) pandemic. The Sub-Saharan broadcast satellite service has made additional educational channels for children to alleviate the stress on parents in Ethiopia and across the globe. The Kids Channel directly focuses on academics designed according to the Cambridge System and offers a range of subjects for all grades. It also offers Mindset Pop Channel, which offers a range of subjects for grades one to three, while focusing overall on grades four through nine. It has been made available on the cheapest DSTV package to provide an immediate solution until the current crisis passes. Parents can also directly download worksheets and assignments from the Mindset website for each subject on a daily basis and follow up their children’s work every day with the help of professional teachers.


Radar

Electricity Bills Get the VAT Jolt

The new Value Added Tax (VAT) has begun implementation on electricity consumption and various service fees affecting customers who use more than 200 kilowatt hours of electricity per month. Based on a directive from the Ministry of Finance, the tax will be applied to the excess amount of electricity consumption above 200 kilowatt hours. The Ethiopian Electric Utility (EEU) began implementing the VAT on bills starting from November though both prepaid and postpaid customers will have to pay VAT a...


Radar

World Bank Greases Financial Overhaul

The World Bank approved 700 million dollars in credit from the International Development Association (IDA) to scale up support for the financial sector. The funds are targeted at modernizing the regulatory and supervisory framework of the National Bank of Ethiopia (NBE), supporting governance reforms, balance sheet restructuring, and recapitalization of the Commercial Bank of Ethiopia (CBE), and transforming the Development Bank of Ethiopia (DBE) into a sustainable development finance institutio...


Radar

Gadaa Bank Expands Reach, Faces Lending Constraints

Gadaa Bank closed its first full fiscal year of operations with a net profit of 90.2 million Br. The 18-month-old Bank held its annual general assembly at Millenium Hall on Africa Avenue last week where the board announced that during the year, the Bank opened 15 branches and now has 85 operational branches. “Due to recently enacted policy measures on credit by NBE and unmet resource mobilization during the fiscal year, the Bank was unable to make loan disbursements,” stated Wolde Bulto,...