MasterCard Foundation Fund to Ramp up Pandemic Preparedness

May 31 , 2020


[ssba-buttons]

The MasterCard Foundation has committed 1.6 million dollars to buffer the ongoing response activities of the Ethiopian Red Cross Society to the Novel Coronavirus (COVID-19) pandemic. The project, which is expected to benefit 5.7 million people, will commence in June 2020 and run for six months. Under the MasterCard Foundation COVID-19 Recovery & Resilience Programme, the committee will address the screening of more than 1.6 million people with the aid of infrared thermostats and target 3.6 million people through house-to-house screenings. It also aims to avail protective equipment and sanitiser to some 3,800 health workers in targeted hospitals and quarantine centres and install handwashing facilities in 20 key locations. “There is no blueprint for navigating this global pandemic. The actions we take now will shape the post-COVID-19 world,” said Reeta Roy, president and CEO of the Mastercard Foundation. The project requires the deployment of more than 700 ERCS volunteers who will serve in coordination with the Ethiopian Public Health Institute and the Ministry of Health's Risk Communication Community Engagement programme.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...