UK, US Provide $66m Aid to War Affected

Oct 16 , 2021


[ssba-buttons]

The UK has announced an additional 29 million pounds (40 million dollars) of humanitarian aid to people affected by the fighting in northern Ethiopia. This comes a day after the United States provided more than 26 million dollars in additional assistance for the same purpose. Over six million people are in need of urgent assistance in Tigray Regional State, where a fresh round of fighting between armed groups based in Tigray and the Ethiopian National Defense Forces is taking place. Over 400,000 people are also facing famine-like conditions in Tigray, according to the UN. The assistance from the two countries is expected to provide lifesaving protection, shelter, essential healthcare and emergency food assistance for people in need.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...