Regional Bank Donates Masks to Ethiopia

Jul 13 , 2020


The Eastern & Southern African Trade & Development Bank, aka TDB, has donated 160,000 locally manufactured face masks to healthcare workers. Ahmed Shide, minister of Finance and the country’s shareholder representative on the TDB board of governors, handed over the masks to Lia Tadesse (MD), minister of Health, during a ceremony on July 8, 2020. The Bank procured the masks from Everest Apparel Ethiopia S.C., Everest Textiles’ garment factory in Hawassa Industrial Park that employs 2,000 workers. To boost the member states’ efforts in mitigating the effects of the COVID-19 crisis, TDB has launched Covid-19 Emergency Response Programme (CERP) through which essential supplies are procured mostly from regional factories to address healthcare sector imperatives while supporting local private sector and employment, including of women and youth, according to Admassu Tadesse, president and chief executive of TBD. TDB is implementing similar interventions in 20 of its member states as part of CERP, as well as continent-wide, via a half-million-dollar grant that was extended to the African Union’s Africa Centres for Disease Control & Prevention (Africa CDC).


Radar

Court Blocks BGI Ethiopia's Assets Trying High Stake Lawsuits

Judges at the Federal First Instance Court issued an injunction last week, halting the sale of BGI Ethiopia's headquarters and the transfer of shares in Brasseries International Holding Limited (B.I.H). The injunction, signed by Judge Girawork Yitbarek, ruled immediate delivery to the defendants. The legal action followed a high-stakes lawsuit filed by Zewudnesh G. Asrat, an 80-year-old woman, against BGI Ethiopia, Jean P. Blavierre, B.I.H, and Hebu Properties Limited. The plaintiff claims a...


Radar

Ethiopia's Third Shot at Peace Gets a $6.7m Boost

A 6.7 million dollars to finance the National Rehabilitation Commission (NRC)'s disarmament, demobilisation, and reintegration (DDR) program for nearly 370,000 ex-combatants, was pledged by the Japanese government. The financing will be channelled to the design, implementation and monitoring of the DDR program across eight regional states. Shibata Hironori, ambassador of Japan to Ethiopia, signed the agreement last week at the Ministry of Finance headquarters on King George VI St with Tesfalem...


Radar

Digital Startups Seek Level Playing Field

Digital service providers gathered to discuss the complexities of the country's startup ecosystem last week. Weak legal frameworks and limited access to financing emerged as key challenges, despite the potential for digital businesses to thrive. The event, organised by the Addis Chamber of Commerce & Sectoral Associations in partnership with the Center for International Private Enterprise (CIPE), brought together stakeholders from both the public and private sectors. Limited access to...


Back
WhatsApp
Telegram
Email