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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.


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Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...