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.


Radar

Ethio Telecom Launches New Marketplace with Cash-Back Guarantee

Ethio Telecom has launched Zemen Gebeya, a nationwide digital marketplace integrated into the telebirr SuperApp, offering a secure platform for consumers and businesses to trade goods and services. The platform includes a built-in escrow service, allowing payments to be held temporarily until the buyer confirms delivery. If a product is not delivered or the buyer is dissatisfied, the payment is returned—creating a cash-back guarantee model designed to build trust in online transactions. Lau...


Radar

Ethiopia-Israel Business Forum Opens Doors to Investment Opportunities

The Ethiopia-Israel Business Forum took place last week at the Hyatt Regency Addis Abeba, bringing together Ethiopian government officials and investors from Israel. Officials presented a range of investment opportunities, while Israeli investors expressed interest in entering the market. The forum opened with remarks from the foreign ministers. Gedion Timotheos, Ethiopia's Minister of Foreign Affairs, used his address to extend a formal invitation to the Israeli business community, stressing...


Radar

National Bank Injects Millions Through Foreign Currency Auction

The National Bank of Ethiopia (NBE) is continuing its push to stabilise the foreign exchange market, injecting millions of dollarss into the economy through a series of currency auctions. According to official data, the latest auction was held on May 7, 2025, during which 60 million dollars was supplied to 16 participating banks at an average exchange rate of 132.9643 Br per dollar. In the previous month, the NBE held two auctions: 70 million dollars was offered on April 16 to 26 banks at an...