Category: Radar

  • Investing on Food Fortification can Save Millions, Study Reveals

    Investing 3.8 million dollars in food fortification would help Ethiopia to save losses of over half a billion dollars spent on averting vitamin deficiencies, according to a new study by the Global Alliance for Improved Nutrition (GAIN), Swiss-based foundation. The cost-benefit analysis report indicated that Ethiopia can upgrade its economy and bring health transformation if […]

  • IGAD Launches 4m Euro Project in Moyale

    The Intergovernmental Authority on Development (IGAD) has launched a four million euro project aimed at improving the wellbeing of households living along the Ethio-Kenyan border. The project, which is part of a series of initiatives being undertaken with financial support from the German government, also involves a pilot cash programme that will provide financial assistance […]

  • Ministry Plans to Issue 30m National IDs in Six Months

    The Ministry of Peace announced its plans to register and issue national identification cards to 30 million citizens over the coming six months. Muferiat Kemil, minister of Peace, made the statement during a discussion with the executives of commercial banks, for whom the ID cards would play a vital role in bookkeeping and enforcing know […]

  • Week Sees Record COVID-19 Deaths

    Last week saw 216 lives lost to COVID-19, the highest death toll since the pandemic took hold in March 2020. September 22, 2021, alone saw 47 deaths, equalling the previous peak recorded during the pandemic’s second wave in April this year. So far, over 5,300 people have succumbed to the virus. The spike in cases […]

  • Rammis Bank Receives Green Light

    The country’s third full-fledged interest-free bank, Rammis, has been given the go ahead to proceed with establishment. Its first general assembly is to take place at the beginning of October 2021. Amid the rush to meet the central bank’s deadline to be established with a minimum paid-up capital of half a billion Br within six […]

  • Council of Ministers Approves Mining Concessions

    The Council of Ministers approves concessions for seven mining companies, four of which are looking to get involved in gold. The Ministry of Mines & Petroleum proposed the companies be granted concessions following the completion of a feasibility study, prepared based on the companies’ capital and their potential contribution to the country’s economy. The companies, […]

  • Commercial Banks to Secure $500m from Afreximbank

    The African Export-Import Bank (Afreximbank) is to avail half a billion dollars to 18 commercial banks in Ethiopia through its Afreximbank Trade Facilitation (AfTRAF) programme. The programme aims to increase and diversify trade in Africa as well boost confidence among trade partners. The Bank had previously been working with the Commercial Bank of Ethiopia (CBE) […]

  • CBE Teams Up with Local Real Estate Firm

    The Commercial Bank of Ethiopia has signed a memorandum of understanding with Gojo Bridge Housing to provide mortgage financing for the real estate company’s housing project. The Bank announced the commencement of registration for prospective homeowners who had reached an agreement with the company during the signing ceremony held at the Hyatt Regency last week. […]