US Donates 42m Br Worth of Medical Equipment

Sep 10 , 2021

The United States Agency for International Development (USAID) has donated 46 modern tuberculosis diagnostic equipment worth one million dollars to the Ministry of Health. The handover took place in the compound of the Ethiopian Pharmaceutical Supply Agency in the presence of the Lia Tadesse (MD), minister of Health, and the US Ambassador to Ethiopia, Geeta Pasi. Dubbed GeneXpert, the new machines will reduce the time it takes to diagnose TB in a patient from two days to just two hours. Epidemiologists estimate that there are roughly 160,000 cases of TB across Ethiopia, while the country's capacity to test for the infection is underdeveloped. Around 24,000 people die of TB yearly.


Addis Chamber Embarks on Leadership Forum

A leadership forum where prominent executives will share their experiences in the business environment is organised by the Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) and SAK Training & Consultancy Firm. Headlining Arega Yirdaw (PhD), president of Unity University, who is expected to address the fortunes and adversities of the leadership ecosystem and share insights into his cascade of experiences, the first round is expected to set off at the Inter-luxury H...


Wegagen Bank Launches its Mobile App

Embracing the digital realm, Wegagen Bank officially launched its mobile banking application last week. The App was inaugurated in Dire Dewa City, with Yehwalashet Zewdu, vice president of the Bank Enterprise Services, showcasing its service that provides secure and seamless financial services. According to Yehwalashet, Wegagen Mobile meets the evolving needs of its clientele in Amharic, English, Afan Oromo, Tigrigna and Somali languages. Incorporated in 1997, Wegagen Bank has grown to become...


Zemen Bank Joins IFC's Trade Finance Program with $30m Boost

Zemen Bank has secured a 30 million dollar trade finance guarantee from the International Finance Corporation (IFC) to boost the trade finance operations. A member of the World Bank Group, IFC has welcomed Zemen as the newest member of its Global Trade Finance Program aimed at supporting exports and imports. Signed by Dereje Zenebe, president of Zemen Bank and Madalo Minofu, country manager of IFC, the trade financing is part of the one-billion-dollar Africa Trade & Supply Chain Finance P...