South Korea Backs Africa's COVID-19 Battle

Oct 24 , 2020


South Korea has provided rapid diagnostic tests, dubbed Ag-RDTs, worth close to 6.3 million dollars to the Africa Centres for Disease Control (Africa CDC) through the African Union. The Korea International Cooperation Agency and Africa CDC have signed a memorandum of understanding for a five-million-dollar COVID-19 Comprehensive Emergency Response Programme. The agreement consists of supplies of oxygen concentrators, portable ventilators, arterial blood gas analysers, and laboratory diagnostic tools such as Quantitative Polymerase Chain Reaction (QPCR) machines along with computers, software, accessories and consumables to be used for testing. The Programme includes provisions aimed at capacity building for health workers and experts about clinical management, surveillance and risk communication. So far, the South Korean government has funneled around nine million dollars worth of assistance to Africa, including donations of masks worth two million dollars to 28 Sub-Saharan countries. It has also contributed 420,000 dollars to the African Union COVID-19 Response Fund.


Radar

Pivots in Business Maze

A set of projects spearheaded as part of ease of doing business reform with a 7.2 million euro finance from the European Union (EU) is set to improve and navigate the lingering concerns in Ethiopia's business landscape. E-governance projects are undertaken by GIZ International Services and Mckinsey & Company in cooperation with five federal agencies, including the Justice, Trade,  Innovation, Revenues ministries and National Bank of Ethiopia (NBE) are part of the wider plan to improve the d...


Radar

Dashen Bank Board Reinstates its Chair

Dashen Bank re-appoints Dula Mekonnen as its Board Chairman, extending his tenure for another three years. The decision was made during a board of directors meeting held at the Sheraton Addis Hotel last week. Dula holds a first degree in electrical engineering from the Adama Science & Technology University and a graduate degree in business management. With a diverse leadership background spanning three decades, Dula has served as a manager at Ethio-Leather Industry Plc and managed Wenji S...


Radar

Digital Fuel Transactions Soar Amid Subsidy Drop

Nationwide digital fuel transactions have exceeded the 155.4 billion Br mark, as the Ethiopian Petroleum & Energy Authority released a half-year report last week. Consistent reductions in fuel subsidies have led to the fuel price stabilisation fund hitting an all-time low of 117.4 billion Br, a decrease of 79.6 billion compared to the previous year. The report highlights the successful monitoring of subsidies across the country's 1,589 fuel stations, benefiting nearly 200,000 transporters...


Back
WhatsApp
Telegram
Email