EU Members Donate 13m COVID-19 Jabs

Feb 5 , 2022

The governments of France, Finland, Denmark, Greece, Italy and Sweden have donated over 13 million doses of the Johnson & Johnson COVID-19 vaccine to the Ministry of Health through the World Health Organisation's (WHO) COVAX facility. The latest batch comes in addition to more than 10.5 million vaccine doses already donated by EU member states to Ethiopia through COVAX, including nearly 7.5 million doses from Germany. The donations are expected to hasten the vaccination campaign in the country, which have been stagnating. Health professionals administered close to six million doses in a month as part of a revamped campaign last November but the figures have levelled off over the past month. Close to 11 million doses have been administered to the public since the Ministry embarked on its vaccination campaign last April.


DDR Initiative Gets 16m Boost

A 16 million euro initiative to facilitate the disarmament, demobilisation, and reintegration (DDR) of nearly 370,000 ex-combatants was launched last week. Financed by the European Union (EU) the program will be implemented across eight regional states. It is overseen by the National Rehabilitation Commission (NRC), the agreement was signed at the Ministry of Finance's headquarters on King George St. Key figures including Semereta Sewasew, state minister for Finance; Teshome Toga, commissioner...


Central Bank Launches Youth Enterprise Forum

A financial education program targeting youth and Medium & Small Enterprises (MSMEs) was launched by the National Bank of Ethiopia (NBE) last week. It aims to equip interested trainees with personal and professional knowledge through experts from banks and microfinance institutions who will provide comprehensive training. The training modules, developed in collaboration with The First Consult and BRIDGE, cover several angles of financial literacy, including deposits, digital financial servic...


ArifPay Takes a Leap with Massive Capital Boost

Shareholders of ArifPay Financial Technologies S.C. have taken a significant stride by resolving to raise the company's paid-up capital to 300 million Br. The decision doubles down from the current 140 million Br marking a substantial increase. ArifPay, was established by 142 shareholders and secured the distinction of being the first payment operator licensed by the National Bank in 2021. CEO Bernard Laurendeau emphasised the critical timing of this capital increase, aligning with the company...