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World Bank Grants $195m to Health Sector


World Bank Grants $195m to Health Sector

The World Bank has granted 195 million dollars in financing to support COVID-19 vaccination efforts and the overall health sector. Part of the funding will be used to rebuild health centres damaged by the armed conflict in the north, which has been ongoing since November 2020. The financing will also go towards the procurement of COVID-19 vaccinations and ICU equipment. Health professionals have administered close to 30 million doses of various COVID-19 vaccines, including the Chinese-made Sinopharm, since the Ministry of Health kicked off a jab campaign last April. However, no more than a quarter of the population has received at least one dose. Daily reports published by the Ministry indicate the pandemic has simmered down in recent months as the positivity rate and mortalities drop to their lowest levels since the early days of the pandemic. Nonetheless, health officials urge the public to continue practicing social distancing and wearing face coverings. The pandemic has claimed a little over 7,500 lives since the first case was recorded in March 2020.

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Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...