PM Inaugurates Renamed Leadership Academy

Jun 26 , 2021


[ssba-buttons]

The newly renamed African Leadership Excellence Academy in Sululta, Oromia Regional State inaugurated on Saturday, June 26, 2021, in the presence of Prime Minister Abiy Ahmed (PhD), Deputy Prime Minister and Foreign Minister Demeke Mekonnen, and several other senior government officials. The 2.2 billion Br academy, which sits in a 40ht compound, was built by the Chinese construction firm Jiangsu Nantong Sanjian with major financial support from the Chinese government. Earlier this week, the Council of Ministers approved the motion to change its name from the Meles Zenawi Leadership Academy.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...