Category Archives: General News

Explainer: why COVID-19 provides a lesson for Africa to fund social assistance

African countries have responded swiftly to the threat of COVID-19 by implementing various measures to contain its spread. Most of the continent is in lockdown or under curfew, or a combination of both. Unfortunately, these measures have resulted in the

Ethiopia Reports one Additional COVID-19 Case

Addis Ababa April 26/2020 Ethiopia has confirmed one additional case of coronavirus, bringing the total number to 123, according to Ministry of Health. The Ministry said the new case was confirmed from 957 samples tested over the last 24 hours.

Dev’t Bank Passes Decisions that Support COVID-19 Affected Projects

The Development Bank of Ethiopia has passed decisions that support costumers exposed to market and production disruptions due to Coronavirus. According to a press release it sent to the Ethiopian News Agency, the executive committee of the Development Bank of Ethiopia has

Africa Needs Faster, Cheaper, and Expanded Broadband, Says ECA

Addis Ababa  COVID-19 has made one point abundantly clear that African countries need broadband, faster, cheaper, and expanded to the last mile of their populations, according to the Economic Commission for Africa (ECA).  UN Under Secretary-General and Executive Secretary of

USD One million contribution from the People’s Republic of China to improve neonatal health in Ethiopia

Addis Ababa, Ethiopia, 19 March 2020 – The People’s Republic of China, through its international aid agency the China International Development Cooperation Agency (CIDCA), has contributed USD One Million to improve the quality of health care provided to newborn babies

Massive Swarms of Desert Locusts Are Causing Crisis in East Africa

Desert locusts are eating their way through East Africa on a scale not seen in decades. These migratory pests travel from field to field destroying either crops meant for human consumption or grasslands on which herders graze their livestock. It is estimated

National Bank Issues Directive for Effective Payment System

Addis Ababa, The National Bank of Ethiopia (NBE) has issued a new directive that enable to promote the safety and efficiency of the payment system in Ethiopia. In its statement, the bank said the directive composed of six parts and

Ethiopia Opens Up Mobile Money Services to Local Non-Financial Firms

ADDIS ABABA, ETHIOPIA – Ethiopia’s central bank will allow locally-owned non-financial institutions to start offering mobile money services as it seeks to boost non-cash payments in the country, it said.   The Horn-of-Africa nation is in the midst of massive