First Batch of WHO Supplies Reach Meqelle

Feb 12 , 2022


[ssba-buttons]

The World Health Organisation (WHO) dispatched the first batch of medicines, medical supplies and equipment to Tigray Regional State last week. The 10tn shipment arrived in Meqelle, capital of Tigray, aboard two United Nations Humanitarian Air Services (UNHAS) flights. It is the first round of 33.5tn of supplies and equipment the WHO plans to airlift into Tigray in the coming days. The United Nations Office for the Coordination of Humanitarian Affairs (UN-OCHA) warns that assistance via air "is far from what is required to support the response in the region." It estimates that 9.4 million people are in need of emergency assistance in the country's northern regions, requiring 957 million dollars in funding, over a third of which remains outstanding.


Radar

Amendment Expands Access for Foreign Traders

Foreign participation in Ethiopia's wholesale, retail, import, and export trade sectors has come under renewed focus as the Ethiopian Investment Board(EIB) approved a significant amendment to Directive No. 1001/2016  in its meeting on May 23, 2025. The amendment, proposed by the Ethiopian Investment Commission(EIC), focuses on refining the legal framework governing foreign investment in these sectors. The decision is part of a broader strategy to enhance the country's appeal as an investment...


Radar

NBE Sets Four Percent Ceiling on Foreign Exchange Fees

The National Bank of Ethiopia (NBE) issued a new foreign exchange market directive on May 20, 2025, that caps commercial banks' forex service fees at a maximum of four percent. Banks are instructed to adapt competitive, transparent, and streamlined pricing for all forex-related services. Effective May 26, 2025, total charges for purchasing foreign exchange whether for imports, service payments, or cash note purchases must not exceed the newly set limit. The directive also prohibits banks f...


Radar

SantimPay Launches Zero-fee Digital Remittance Platform

SantimPay has rolled out FrankRemit, first fully integrated, zero-fee digital remittance platform, in partnership with Bank of Abyssinia(BOA). The service smoothly connects all commercial banks and major mobile money providers, including Telebirr, M-Pesa, and CBE Birr which is a first of its kind in the country. FrankRemit is expected to revolutionise how the Ethiopian diaspora sends money home. Developed locally and tested over the past two weeks with successful transfers from multiple count...