US Backs Ethiopia with Mechanical Ventilators

Aug 8 , 2020


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

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


Radar

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


Radar

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...