$1m to Help People in Qoloji Camp

Mar 27 , 2021


[ssba-buttons]

A one-million-dollar project to improve water access and sanitation at a camp for internally-displaced persons in Somali Regional State has been launched. Jointly supported by the Japanese Embassy and the United Nations Office for Project Services (UNOPS), the project serves displaced people in Qoloji, about 60Km from Jigjiga, the seat of the Regional State. The camp shelters almost 80,000 people in need, and the Regional State hosts the highest concentration of IDPs in the country at more than 850,000. The funding is apportioned to construct several new boreholes, reservoirs and water points to improve the camp's water supply, which currently only covers just over a third of the demand. The project will also include the construction of 10 communal latrines and hygiene education to combat the spread of disease and provide better sanitary conditions, according to a statement the organisations issued last week.


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...