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.


Pivots in Business Maze

A set of projects spearheaded as part of ease of doing business reform with a 7.2 million euro finance from the European Union (EU) is set to improve and navigate the lingering concerns in Ethiopia's business landscape. E-governance projects are undertaken by GIZ International Services and Mckinsey & Company in cooperation with five federal agencies, including the Justice, Trade,  Innovation, Revenues ministries and National Bank of Ethiopia (NBE) are part of the wider plan to improve the d...


Dashen Bank Board Reinstates its Chair

Dashen Bank re-appoints Dula Mekonnen as its Board Chairman, extending his tenure for another three years. The decision was made during a board of directors meeting held at the Sheraton Addis Hotel last week. Dula holds a first degree in electrical engineering from the Adama Science & Technology University and a graduate degree in business management. With a diverse leadership background spanning three decades, Dula has served as a manager at Ethio-Leather Industry Plc and managed Wenji S...


Digital Fuel Transactions Soar Amid Subsidy Drop

Nationwide digital fuel transactions have exceeded the 155.4 billion Br mark, as the Ethiopian Petroleum & Energy Authority released a half-year report last week. Consistent reductions in fuel subsidies have led to the fuel price stabilisation fund hitting an all-time low of 117.4 billion Br, a decrease of 79.6 billion compared to the previous year. The report highlights the successful monitoring of subsidies across the country's 1,589 fuel stations, benefiting nearly 200,000 transporters...