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




US Backs Ethiopia with Mechanical Ventilators

Aug 8 , 2020


[ssba-buttons]

The United States government, through the United States Agency for International Development (USAID), has donated 500 ventilators and other critical care equipment to Ethiopia to buffer the ongoing fight against the Novel Coronavirus (COVID-19). While 250 of the ventilators arrived last week, the remaining are en route. Alongside the donation, USAID will be providing a package of support that consists of complementary equipment, warranty and service plans, as well as training for medical professionals. The donation adds to the more than 71 million dollars that the United States has committed so far to Ethiopia in response to the pandemic through the US State Department, USAID, and the US Centres for Disease Control (CDC). The resources have been channelled to strengthen clinical care, build laboratory capacity, disseminate health messages, and ensure food security caused by the pandemic. In the last 20 years, the United States has invested more than 13 billion dollars in Ethiopia, with close to four billion dedicated to the health sector.


Radar

Creditors Open Way for Ethiopia's Eurobond Restructuring

Ethiopia has cleared a key hurdle in restructuring its one billion dollar Eurobond after the Official Creditor Committee (OCC) approved the latest agreement with private bondholders. The OCC said the deal meets its “comparability of treatment” principle, allowing the government to proceed with restructuring the bond, which matured in 2024. The approval follows renewed negotiations after official creditors rejected an earlier agreement reached in January. Under the new agreement, reache...


Radar

University Cutoff Leaves Most Exam Takers Behind

Only 70,544 students, or 12.8pc of those who sat the Ethiopian Secondary School Leaving Certificate Examination (ESSLCE), scored above the 50pc threshold required for university admission. Education Minister Berhanu Nega (Prof.) disclosed the results during a press briefing last Saturday. Nearly 32pc of the successful candidates were from Addis Abeba, giving the city the highest share. Oromia Regional State followed, while Amhara Regional State accounted for the remaining share. The res...


Radar

Dairy Drive Turns to Farmers to Cut Import Reliance

A five-year dairy project targeting 350,000 farmers has increased average milk production per cow by 3.8 litres a day, supporting Ethiopia's effort to replace imported dairy products with domestic output. The Ministry of Agriculture leads the initiative in collaboration with SNV's BRIDGE Plus project. It combines cow-focused advisory services, technology, market links and farmer capacity-building to raise dairy productivity. The work has centred on helping farmers produce surplus milk for sal...