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.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...