Pandemic Death Toll Exceeds 7,000 Mark

Jan 7 , 2022

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.


DDR Initiative Gets 16m Boost

A 16 million euro initiative to facilitate the disarmament, demobilisation, and reintegration (DDR) of nearly 370,000 ex-combatants was launched last week. Financed by the European Union (EU) the program will be implemented across eight regional states. It is overseen by the National Rehabilitation Commission (NRC), the agreement was signed at the Ministry of Finance's headquarters on King George St. Key figures including Semereta Sewasew, state minister for Finance; Teshome Toga, commissioner...


Central Bank Launches Youth Enterprise Forum

A financial education program targeting youth and Medium & Small Enterprises (MSMEs) was launched by the National Bank of Ethiopia (NBE) last week. It aims to equip interested trainees with personal and professional knowledge through experts from banks and microfinance institutions who will provide comprehensive training. The training modules, developed in collaboration with The First Consult and BRIDGE, cover several angles of financial literacy, including deposits, digital financial servic...


ArifPay Takes a Leap with Massive Capital Boost

Shareholders of ArifPay Financial Technologies S.C. have taken a significant stride by resolving to raise the company's paid-up capital to 300 million Br. The decision doubles down from the current 140 million Br marking a substantial increase. ArifPay, was established by 142 shareholders and secured the distinction of being the first payment operator licensed by the National Bank in 2021. CEO Bernard Laurendeau emphasised the critical timing of this capital increase, aligning with the company...