Fourth COVID-19 Wave Simmers Down

Aug 6 , 2022


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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Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


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Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


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Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


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