Local Startup Makes Strides in Global Contest

Dec 5 , 2020


Rohobot Home Based Health Care Service Plc, a local healthcare startup, has advanced to the regional finals of the Seedstars World Competition 2020 where it will compete with two dozen other African startups for a place in the global finale and a shot at a prize of half a million dollars in funding. The startup was established in 2017 and offers home-based healthcare services to the chronically ill and the elderly. Rohobot, one of the 11 companies registered in Addis Abeba to provide the service, has 37 employees including administrative staff. Seedstars, a Swiss company, has been organising its global competition annually since 2013 with the aim of scouting and supporting promising startups from all over the world. The regional competition will be aired in January 2021 and the winner who will be moving on to the global finale will be announced in March.


Radar

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email