Ethiopia to Receive 108,000 Doses of J&J Vaccines

Sep 4 , 2021


[ssba-buttons]

Ethiopia will receive its first round of 108,000 doses of Johnson & Johnson vaccine on September 6,2021, facilitated through the African Vaccine Acquisition Trust (AVAT). AVAT is an initiative of African Union members states established to act as a centralised procuring agent on behalf of the members to achieve vaccination goals through pooled financial resources. The AVAT has signed an agreement to procure 220 million doses of the J&J single shot COVID-19 vaccine with the potential to order 180 million additional doses. Last month, Ethiopia received 1.2 million doses of the J&J vaccine from the Unites States and half a million does of the AstraZeneca jab from the United Kingdom. The vaccines have been rolled out to people older than 18. As of the end of last week, the total number of vaccinated people stood at 2.5 million.


Radar

Dangote, EIH Break Ground on Mega Fertilizer Plant in Somali Region

Ethiopian Investment Holdings (EIH), the state's sovereign investment arm, has struck a deal with Dangote Group to build one of the world's largest urea fertiliser complexes in Gode, Somali Regional State. The 2.5 billion dollars project will see EIH hold a 40pc stake while Dangote keeps 60pc. With agriculture employing over 70pc of Ethiopians, the government hopes the factory will cut fertiliser costs, create jobs, and boost crop yields while positioning the country as a regional hub. Design...


Radar

CBE Capital Joins Nib Bank for Market Expansion

Nib International Bank has partnered with CBE Capital, the investment arm of the Commercial Bank of Ethiopia (CBE), to expand investment banking services and shore up its finances. The deal covers advisory services, seeking to strengthen Nib's balance sheet, attracting capital, and positioning the bank in a modernising financial sector. The partnership follows a difficult year for Nib, where net profit dropped 36pc to 957.9 million Br and deposits shrank, despite paid-up capital climbing to ...


Radar

Credit Cap Nears Lift-Off

The National Bank of Ethiopia (NBE) is preparing to lift its long-standing credit cap by September, unlocking 1.3 trillion Br in bank lending. The move, flagged by board member and State Minister of Finance Eyob Tekalegn (PhD), follows years of complaints from businesses that borrowing limits choked large-scale projects. Eyob told a local radio station the reform reflects rising investor appetite and improved economic conditions, though he admitted "financing has been the biggest bottleneck for...