Health Officials Confirm Delta Variant

Sep 10 , 2021


Health officials have confirmed the detection of the delta variant of COVID-19 in Ethiopia. During a joint press conference held last week, Lia Tadesse (MD), minister of Health and Getachew Tolera (PhD), deputy director of the Ethiopian Public Health Institute, stated that the variant might have been spreading for some time. It is widely reported the delta variant is more contagious and deadly than previous strains of COVID-19. It is likely responsible for the recent spike in cases, according to the officials. By last week, over 4,800 people had lost their lives to the pandemic while close to 320,000 positive cases had been registered in the country.


Radar

Abyssinia Bank Taps to Digital Loan Solution

The Bank of Abyssinia (BoA) is moving forward to provide banking solutions facilitating microloans. The Bank has hired an Indian-based tech vendor Newgen Software Company, that bagged the international bid on December 22, 2022. Over 10 companies have shown interest in the bid floated by the bank four months ago. The solution provider has committed to completing the project in six months with Yonas Daniel, regional manager for Newgen, and Menbereselassie Gebrekidan, procurement director at Aby...


Radar

ROLLING CREDIT

Bank of Abyssinia rolls out banking services on a truck around Meskel square in the capital. With less than half of Ethiopian adults having access to bank accounts, financial inclusion is a major issue. The central bank revealed in August 2022 that 8,944 commercial bank branches exist in the country. The 30 commercial banks currently in operation offer credit services to less than 400,000 customers charging an average of 17pc interest on asset-backed loans...


Radar

SPREADING HORIZONS

Left) Elias Woldu and Mesnbet Shinkute sign a Memorandum of Understanding on behalf of the Ethio-American and Addis Abeba Chamber of Commerce & Sectoral Association, respectively. Some estimates put the number of Ethiopian diaspora living abroad at over two million people, larger than the population of several small nations. Continued economic and political deprivation has forced many to leave the country for better opportunities. While migration to other countries is still high, the number...