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Fourth COVID-19 Wave Simmers Down

Aug 6 , 2022


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Concerns over a potential fourth wave of the COVID-19 pandemic ease as the number of positive cases has dropped in recent weeks. Health officials had raised the alarm in the early days of last June as positive and mortality rates began to spike. Despite the respite observed in recent weeks, the authorities caution the public to stay vigilant and adhere to social distancing practices and wear face coverings. The pandemic hit its peak in the closing days of 2021, with close to 5,200 positive cases recorded on December 28 alone. Close to 493,000 cases have been registered since early 2020, and 7,569 people had lost their lives to the virus as of last week. Health professionals have thus far administered over 52 million doses of various COVID-19 vaccines to the public.


Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


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EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...