Ministry Receives Second Aircraft

Mar 21 , 2020


The United Nations Food & Agriculture Organization (FAO) handed over the second of six aircraft that are being sent to help Ethiopia fight the desert locust invasion on Friday, March 20, 2020. The FAO Representative to Ethiopia, Fatouma Seid handed over the aircraft to Oumer Hussein, minister of Agriculture with the intention of expanding aerial control in the battle against the desert locust. Two weeks ago the Ministry of Agriculture received the first aircraft from FAO. The event, which took place at the Addis Abeba Bole International Airport was attended by Sani Redi, state minister for Agriculture, and David Phiri, FAO’s sub-regional coordinator for East Africa. FAO’s support is timely and vital to control the desert locust before Meher, the main planting season that begins in a few months, according to Oumer. “The desert locust caused huge damage on sorghum and pastoral lands," he said. "It'll threaten the approaching planting season if we don't put it under control.” The swarm of the desert locust, the worst in a quarter of a century, has affected six regional states of Ethiopia and has already threatened the livelihoods of smallholder farmers and cattle herders by damaging crops and pastoral land since June 2019.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email