Germany Donates 1.4m Test Kits

Oct 10 , 2020


The government of Germany has donated the last batch of 1.4 million Novel Coronavirus (COVID-19) test kits to the Africa Centres for Disease Control & Prevention (Africa-CDC) through the African Union. The donation will be distributed to African Union member states. The delivery was made through the European Union Humanitarian Air Badge flight as part of the European Union global response to the pandemic. The response plan has over 26 million euros allocated for the fight against the pandemic. It aims to provide direct support for the implementation of the Africa Joint Continental Strategy for COVID-19 Outbreak and the Partnership to Accelerate COVID-19 Testing in all parts of the continent. Europe in collaboration with the African CDC is deploying rapid responders and community health workers in-country and virtually. The European Union had allotted 10 million euros to activate the deployment for surveillance, laboratory testing and case management at a country level and strengthen the activities of Africa CDC.


Radar

Parliament Nods for Cabinet Appointments

Federal legislators have approved five cabinet-level positions last week with a member of Parliament (MP) voted against and two abstentions were counted. Gedion Timotheos (PhD) leads the charge as the new minister of Foreign Affairs, filling in Taye Asqeselassie's shoes, where he stayed briefly before becoming the country's president. With law degrees from Addis Abeba and Central European universities, Gedion was previously Attorney General and Minister of Justice. Joining him in the redev...


Radar

Abyssinia Group Eyes Expansion with IFC Funding

Abyssinia Group of Industries (AGI), a leading East African steel producer, is poised for significant expansion owing to a proposed investment from the International Finance Corporation (IFC) which is considering a financing package of up to 50 million dollars, including parallel loans in local currency. Headquartered in Kenya, AGI operates two steel plants in Ethiopia, six in Kenya, and has mining activities in Uganda. AGI currently produces 660,000 metric tons of steel annually and employs...


Radar

Fitch Acknowledges Easing Financial Pressures, Enhanced Macroeconomic Stability

Fitch Ratings has upgraded Ethiopia's Long-Term Local-Currency Issuer Default Rating (LTLC IDR) to 'CCC+' from 'CCC-', citing easing financing pressures, improved macroeconomic stability, and increased confidence that local-currency obligations will not be part of the ongoing debt restructuring. This positive development comes as the government implements key reforms and secures renewed concessional external financing. The ratings agency has taken note of the introduction of a market-based ex...


Back
WhatsApp
Telegram
Email