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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Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


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AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


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Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...


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