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Fourth COVID-19 Wave Simmers Down

Aug 6 , 2022


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Concerns over a potential fourth wave of the COVID-19 pandemic ease as the number of positive cases has dropped in recent weeks. Health officials had raised the alarm in the early days of last June as positive and mortality rates began to spike. Despite the respite observed in recent weeks, the authorities caution the public to stay vigilant and adhere to social distancing practices and wear face coverings. The pandemic hit its peak in the closing days of 2021, with close to 5,200 positive cases recorded on December 28 alone. Close to 493,000 cases have been registered since early 2020, and 7,569 people had lost their lives to the virus as of last week. Health professionals have thus far administered over 52 million doses of various COVID-19 vaccines to the public.


Radar

Creditors Open Way for Ethiopia's Eurobond Restructuring

Ethiopia has cleared a key hurdle in restructuring its one billion dollar Eurobond after the Official Creditor Committee (OCC) approved the latest agreement with private bondholders. The OCC said the deal meets its “comparability of treatment” principle, allowing the government to proceed with restructuring the bond, which matured in 2024. The approval follows renewed negotiations after official creditors rejected an earlier agreement reached in January. Under the new agreement, reache...


Radar

University Cutoff Leaves Most Exam Takers Behind

Only 70,544 students, or 12.8pc of those who sat the Ethiopian Secondary School Leaving Certificate Examination (ESSLCE), scored above the 50pc threshold required for university admission. Education Minister Berhanu Nega (Prof.) disclosed the results during a press briefing last Saturday. Nearly 32pc of the successful candidates were from Addis Abeba, giving the city the highest share. Oromia Regional State followed, while Amhara Regional State accounted for the remaining share. The res...


Radar

Dairy Drive Turns to Farmers to Cut Import Reliance

A five-year dairy project targeting 350,000 farmers has increased average milk production per cow by 3.8 litres a day, supporting Ethiopia's effort to replace imported dairy products with domestic output. The Ministry of Agriculture leads the initiative in collaboration with SNV's BRIDGE Plus project. It combines cow-focused advisory services, technology, market links and farmer capacity-building to raise dairy productivity. The work has centred on helping farmers produce surplus milk for sal...