Abay Bank, Arif Pay agree to step up digital banking

Abay Bank, Arif Pay agree to step up digital banking

Abay Bank S.C. and Arif Pay Financial Technology Company agreed to work together in speeding up the digitization of banking services through a fresh agreement signed on Monday. The agreement has signed between Yehuala Gesesse, Abay Bank’s President and Habtamu Tadesse, CEO of Arif Pay Financial Technology. Through Arif Pay mobile app, customers of Abay…

Goh Mortgage Bank S.C. to disburse 1 bln Birr loan in 2021/22

Goh Mortgage Bank S.C. to disburse 1 bln Birr loan in 2021/22

Goh Mortgage Bank Share Company, the first mortgage financial firm, has planned to disburse a loan amounting 1 billion Birr in 2021/22 fiscal year. The bank has set a goal to collect 1.3 billion Birr saving in the fiscal year. Goh Mortgage Bank also sees opening 60 branches across Ethiopia in five years, according to…

Ethiopia gets 800,000 doses of Covid-19 vaccines from China

Ethiopia gets 800,000 doses of Covid-19 vaccines from China

On October 24, 2021, 800,000 doses of Covid-19 vaccines — donated by China have arrived at Bole International Airport.                           Dr. Lia Tadesse, Minister of Health applauded the support of vaccines received from Mr. Zhao Zhiyuan, Chinese Ambassador to Ethiopia at the Bole International Airport. Dr. Lia commended China for the comprehensive Covid-19 prevention support it…

Prioritise WASH to rebuild & save $millions, African, European Ministers urged

Prioritise WASH to rebuild & save $millions, African, European Ministers urged

People-centered economic recovery and resilience will be at the center of the second African Union and European Union Foreign Affairs Ministerial Meeting slated for 26 October in Kigali. WaterAid believes strengthening access to Water, Sanitation and Hygiene (WASH) is critical for sustainable and inclusive economic recovery and to build communities’ resilience in the face of…

Ethiopia: workers face possibilities of losing jobs as expulsion from AGOA looms large

Ethiopia: workers face possibilities of losing jobs as expulsion from AGOA looms large

Ethiopia’s access to trade benefits under the African Growth and Opportunity Act (AGOA) is at stake as the United States threatens to review the eligibility of the country if the ongoing conflict in northern Ethiopia remains unaddressed.  Mixed opinions are circulating and if Ethiopia’s removed from the preferential trade agreement. Many industrial workers will more…

Ensuring global sanitation cost up to $11 bln, reveals report

Ensuring global sanitation cost up to $11 bln, reveals report

A new report by WHO and UNICEF, released Friday on Global Handwashing Day, reveals that giving everyone in the world’s poorest countries access to hand washing with soap and water, would cost around $11 billion. That would transform the life-chances of people who are currently unable to simply wash their hands at home. “Millions of…

Thousands to be deprived of livelihoods if Ethiopia disqualified from AGOA

Thousands to be deprived of livelihoods if Ethiopia disqualified from AGOA

More than 85 thousand factory workers are poised to be at risk of losing their jobs if the United States disqualified Ethiopia from the African Growth and Opportunity Act (AGOA), a trade opportunity for Sub-Saharan countries, according to Sandokan Debebe, CEO of the Industrial Parks Development Corporation (IPDC). “Though there’s no official statement disclosed on…

ECA predicts commodity markets to remain volatile in Africa

ECA predicts commodity markets to remain volatile in Africa

Commodity markets in Africa are expected to remain volatile in months ahead following the persistence of Covid-19 constrains in the supply chain and other global economic pressures, said Stephen Karingi, Director of Regional Integration and Trade Division at the Economic Commission for Africa (ECA). Karingi was speaking at the ECA Price Watch session with African…