Oromia State Receives Medical Supplies

Oct 24 , 2020


Local governments in China, along with Chinese companies that have invested in Oromia Regional State, have supplied the Regional State with medical supplies to support the ongoing fight against the Novel Coronavirus (COVID-19) pandemic. The donations include 350,000 face masks, 4,000 pieces of personal protective equipment, and 20 ventilators. Jiangsu Province, Ningxia Hui Autonomous Region, together with the China Chamber of Commerce in Ethiopia (CCCE) handed over the donation to the Deputy Administrator of the Regional State, Shimelis Abdissa, and the head of the Oromia Health Bureau, Mengistu Bekele (MD), during a ceremony at the end of last week. Oromia Regional State has the second-highest number of COVID-19 cases in the country, following Addis Abeba.


Radar

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


Radar

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


Radar

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...