South Korea Supplies Sub-Saharan Countries with 2m Masks

Jul 25 , 2020

The Embassy of the Republic of Korea in Ethiopia has donated two million masks to Sub-Saharan African countries through the African Centres for Disease Control & Prevention (Africa-CDC) on Friday, July 24, 2020. The Korean government has partnered with Africa CDC, a public health agency under the African Union, that supports public health initiatives of member states for the coordination of aid in African countries. The donated masks will be distributed to 28 Sub-Saharan countries, including Ethiopia, that have requested support in containing the Novel Coronavirus (COVID-19). The Korean government has previously aided Ethiopia with the provision of medical supplies, facility construction and capacity building worth seven million dollars. It has, through the Africa CDC alone, contributed nine million dollars of in-kind and financial assistance as well.


Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...