FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




India Endows Ethiopia with Medical Aid

Aug 22 , 2020


[ssba-buttons]

The government of India has donated 100,000 hydroxychloroquine tablets, lifesaving antibiotics and other essential drugs to the Ministry of Health. The ceremony, which was held at the premises of the Embassy of India on August 21, 2020, was made in fulfillment of India's pledge to help 25 African countries, including Ethiopia, combat the Novel Coronavirus (COVID-19). Earlier this year, the Indian government allowed the export of five million surgical masks upon the request of the Health Ministry. India also previously donated a 64-Slice CT Scan machine to Black Lion Hospital, 1,000tn of rice, two million dollars worth of medicine and 1,000 math and science textbooks. The strengthening of the development partnership cooperation between the two countries was also carried out under the framework of the India Africa Forum Summit (IAFS) III held in New Delhi in 2015. The five-year commitments under this framework include concessional credit worth 10 billion dollars, grant assistance worth 600 million dollars and an India-Africa Health Fund worth 10 million dollars, and 50,000 scholarships.


Radar

Freight Forwarders Earn FIATA Diplomas as Sector Eyes Global Stage

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) has graduated a new cohort of professionals from the internationally recognised FIATA Diploma Programme, bolstering efforts to strengthen Ethiopia's logistics and freight forwarding sector. EFFSAA President Dawit Wubshet (PhD) said the association has trained more than 495 professionals since launching the programme. He noted that EFFSAA is working with international partners to expand digital learning and introduce o...


Radar

Parliament Backs Italian, French Loans for Reform, Infrastructure

Parliament has ratified two loan agreements worth a combined 124.6 million euros with the governments of Italy and France, approving both proclamations unanimously during its second emergency session of the fifth parliamentary term. The larger agreement secures a 70 million euro loan from Italy to provide direct budget support for the government's economic reform agenda. The concessional financing carries a 30-year repayment period, including a 16-year grace period, with no interest or servic...


Radar

Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's capital has quadrupled over the past ten years but has declined in foreign currency value. Established in 2016 as the country's first indigenous reinsurer, Ethio Re has retained more than 90 million dollars in foreign exchange for the economy. Its assets have grown from 82 million Br to 5.3 billio...