India Endows Ethiopia with Medical Aid

Aug 22 , 2020


The government of India has donated 100,000 hydroxychloroquine tablets, lifesaving antibiotics and other essential drugs to the Ministry of Health. The ceremony, which was held at the premises of the Embassy of India on August 21, 2020, was made in fulfillment of India's pledge to help 25 African countries, including Ethiopia, combat the Novel Coronavirus (COVID-19). Earlier this year, the Indian government allowed the export of five million surgical masks upon the request of the Health Ministry. India also previously donated a 64-Slice CT Scan machine to Black Lion Hospital, 1,000tn of rice, two million dollars worth of medicine and 1,000 math and science textbooks. The strengthening of the development partnership cooperation between the two countries was also carried out under the framework of the India Africa Forum Summit (IAFS) III held in New Delhi in 2015. The five-year commitments under this framework include concessional credit worth 10 billion dollars, grant assistance worth 600 million dollars and an India-Africa Health Fund worth 10 million dollars, and 50,000 scholarships.


Radar

Ethiopias Capital Market Sets Sights on Talent Strategy

A new strategy to strengthen the human capital foundation of Ethiopia's emerging capital market is taking shape. Led by FSD Ethiopia in partnership with iCapital Africa Institute and the Nairobi Securities Exchange, the initiative is focused on building the skills, expertise, and institutional capacity needed to support the Ethiopian Capital Market Authority (ECMA). The second round of consultations took place on April 23 at Best Western Hotel, drawing key stakeholders including ECMA Director...


Radar

National Bank Upgrades Core Financial System to Global Standard

The National Bank of Ethiopia (NBE) has officially upgraded the Ethiopian Automated Transfer System (EATS), the country's Real-Time Gross Settlement (RTGS) platform, to align with the ISO 20022 messaging standard, effective March 29, 2025. Handling more than 3.5 million transactions a year worth over five trillion Br, EATS is a critical component of the country's financial ecosystem. It enables real-time, high-value settlements among 35 financial institutions, including commercial banks and m...


Radar

Spice Supply Hits 41,000tns in Nine Months

The South West Ethiopia Coffee, Tea, and Spices Authority has announced that over 41,000tns of spices were supplied to the central market in the first nine months of the current fiscal year, reflecting the region's growing role in the country's spice economy. The region is cultivating spices on more than 90,000 hectares of land, with major contributions coming from turmeric, cardamom, ginger, and black pepper. For the full fiscal year, the authority aims to supply more than 56,000tns of spice...