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

Ethio Telecom Launches New Marketplace with Cash-Back Guarantee

Ethio Telecom has launched Zemen Gebeya, a nationwide digital marketplace integrated into the telebirr SuperApp, offering a secure platform for consumers and businesses to trade goods and services. The platform includes a built-in escrow service, allowing payments to be held temporarily until the buyer confirms delivery. If a product is not delivered or the buyer is dissatisfied, the payment is returned—creating a cash-back guarantee model designed to build trust in online transactions. Lau...


Radar

Ethiopia-Israel Business Forum Opens Doors to Investment Opportunities

The Ethiopia-Israel Business Forum took place last week at the Hyatt Regency Addis Abeba, bringing together Ethiopian government officials and investors from Israel. Officials presented a range of investment opportunities, while Israeli investors expressed interest in entering the market. The forum opened with remarks from the foreign ministers. Gedion Timotheos, Ethiopia's Minister of Foreign Affairs, used his address to extend a formal invitation to the Israeli business community, stressing...


Radar

National Bank Injects Millions Through Foreign Currency Auction

The National Bank of Ethiopia (NBE) is continuing its push to stabilise the foreign exchange market, injecting millions of dollarss into the economy through a series of currency auctions. According to official data, the latest auction was held on May 7, 2025, during which 60 million dollars was supplied to 16 participating banks at an average exchange rate of 132.9643 Br per dollar. In the previous month, the NBE held two auctions: 70 million dollars was offered on April 16 to 26 banks at an...