Japan Proffers $13.6m Grant for Pandemic

Jul 25 , 2020


The government of Japan gave 13.6 million dollars in grant funding to Ethiopia for the procurement of medical supplies to support the ongoing battle against the Novel Coronavirus (COVID-19). The agreement was inked by Ahmed Shide, minister of Finance, and Daisuke Matsunaga, ambassador of Japan to Ethiopia, at the end of last week. The new grant is a continuation of the 2019 Tokyo International Conference on African Development (TICAD-7) commitments to expand universal health coverage and the African health and well-being initiatives. It will be directed for the supply of critical medical equipment including accessories, spare parts, installation, operation and maintenance. This aid will strengthen the healthcare system through the provision of health and medical equipment including radiography systems and portable ultrasound scanners to hospitals and medical universities in Addis Abeba, Dire Dawa and 10 other cities, according to Daisuke.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email