Nestle Donates PPE to Frontliners

Jun 14 , 2020


[ssba-buttons]

Nestle Ethiopia has donated personal protective equipment (PPE) to healthcare professionals who are on the front line fighting the pandemic. The donation was handed over to the Ministry of Health on June 11, 2020, is worth close to 350,000 Br, and includes 500 scrubs and 500 rubber boots. The equipment will be distributed to two COVID-19 treatment centres in the country to help contribute to the personal safety and well-being of healthcare workers and physicians combating the virus. Due to the rapid increase of COVID-19 cases across the country, PPE are in high demand and supplies are dwindling in many hospitals.Nestle wanted to help ensure the safety of health workers, according to Wossenyeleh Shiferaw, Nestle Horn of Africa (HoA) Cluster manager. Nestle Ethiopia, established in 2006, serves as the headquarters of Nestle HoA Cluster which oversees market development activities across Djibouti, Eritrea, Ethiopia and Somalia.


Radar

AMG Holdings Breaks Ground on Industrial Rail Link to Ethio-Djibouti Railway

AMG Holdings has launched construction on a 2.5-kilometer railway connecting its Sheger Industrial Park to the Ethio-Djibouti Railway's Endode Station. The Ethiopian-led project comprises 1.7 Kms of main track and 800 meters of side rail. Chief Project Manager Engineer Nigist Hailu said the line is expected to be completed within six months, facilitating the transport of raw materials and finished goods to Djibouti's port. More than 100 local workers have already joined the project, with addi...


Radar

Ethiopian Deposit Insurance Fund Achieves Full Q1 Collection Target

The Ethiopian Deposit Insurance Fund collected 2.08 billion Br in the first quarter of 2025. This meets 100 percent of the target and represents a 26.83 percent increase compared with the same period last year. The rise in premiums was attributed to higher deposits from member financial institutions. To date, the fund has collected a total of 15.93 billion Br in premiums from member institutions, with 14.51 billion Br coming from regular deposits and 1.42 billion Br from interest-free depo...


Radar

Oromia Bank, Ethiopian Airlines Introduce Fly Now, Pay Later via Milkii Digital App

Oromia Bank's Milkii Digital App, launched on May 3, 2025, has introduced a “Fly Now, Pay Later” service that lets customers book Ethiopian Airlines tickets using digital loans, with payments spread over six months after travel with 16.5 interest rate and allows customers to book flights upto 300,000 Br. Developed in collaboration with Ethiopian Airlines, the platform is part of a broader effort to expand digital finance and simplify access to services. The initiative seeks to enhance conven...