Suspected Outbreak Grips Afar Regional State

May 13 , 2023

Over 1,000 suspected Dengue cases in Mile and Adar towns of Afar Regional State have been estimated in late April. Emerging phenomena in the region include a Dengue Fever outbreak, which requires an early response, and an influx of thousands of displaced people from the ongoing situation in neighbouring Sudan, according to the United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA) report. The spread is concentrated in the regional state, which is already grappling to control the spread of malaria amidst ongoing floods and stagnant water, which have become breeding grounds for mosquitos. The limited presence of partners in the Amara Regional State is also cited by the UNOCHA report as contributing to providing therapeutic programmes.


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...