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Pandemic Death Toll Exceeds 7,000 Mark

Jan 7 , 2022


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The COVID-19 pandemic has taken over 7,000 lives since the first case was identified in the country nearly two years ago. The highest number of deaths recorded in a single day was 49 on September 28, 2021, during the pandemic's third wave. Although the number of cases is currently at an all-time high, with over 60,000 people testing positive since December 20, 2021, the mortality rate has remained at relatively low levels. Close to 450,000 cases have been registered thus far. Meanwhile, vaccination rates remain low as the Ministry of Health has thus far managed to administer at least one COVID-19 vaccine dose to nearly 11pc of the population.


Radar

Freight Forwarders Earn FIATA Diplomas as Sector Eyes Global Stage

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) has graduated a new cohort of professionals from the internationally recognised FIATA Diploma Programme, bolstering efforts to strengthen Ethiopia's logistics and freight forwarding sector. EFFSAA President Dawit Wubshet (PhD) said the association has trained more than 495 professionals since launching the programme. He noted that EFFSAA is working with international partners to expand digital learning and introduce o...


Radar

Parliament Backs Italian, French Loans for Reform, Infrastructure

Parliament has ratified two loan agreements worth a combined 124.6 million euros with the governments of Italy and France, approving both proclamations unanimously during its second emergency session of the fifth parliamentary term. The larger agreement secures a 70 million euro loan from Italy to provide direct budget support for the government's economic reform agenda. The concessional financing carries a 30-year repayment period, including a 16-year grace period, with no interest or servic...


Radar

Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's capital has quadrupled over the past ten years but has declined in foreign currency value. Established in 2016 as the country's first indigenous reinsurer, Ethio Re has retained more than 90 million dollars in foreign exchange for the economy. Its assets have grown from 82 million Br to 5.3 billio...