EU Responds to COVID-19 with 19b Br

Jun 20 , 2020

With joined arms, the member states of the European Union have mobilised 19 billion Br to support the fight against the health crisis and the social protection system needs necessitated by the Novel Coronavirus (COVID-19) pandemic. The support includes money for the Ethiopian health system and quarantine hubs, social protection enhancement, livelihood recovery and overall economic responses. Team Europe, which is the epicentre of this endeavour, is also contributing 60 million euros to the Intergovernmental Authority on Development (IGAD) for regional coordination to support border facilities, continuity of health services, efforts to ensure critical supply chains for safe trade and the promotion of digital solutions for health responses to COVID-19. Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Poland, Slovakia, Spain and Sweden have taken part in the mobilisation of resources.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...