Insurance Service Airs Free Medical Care for Traffic Casualties


Insurance Service Airs Free Medical Care for Traffic Casualties

Injured people from traffic accidents will receive free medical care if the new policy proposed by Road Safety & Insurance Fund Service passes the votes at the Council of Ministers. The move comes amid rising concerns over the increasing number of casualties due to accidents on the country's roads. A total of 23,362 traffic accidents occurred in the first six months this year, resulting in 1,872 deaths and 2,888 injuries. It represents a 10pc increase in fatalities and a 5.8pc increase in injuries compared to the previous year. The majority of these accidents occurred in Addis Abeba and the Oromia Regional State. The proposed policy follows a previous compensation scheme that saw accident victims receive 2,000 Br, which Deputy CEO Fetiya Dedgaba deemed inadequate given the current economic climate. It also includes compensation for fatalities in traffic accidents to be higher than the previous amount of 40,000 Br. The Road Safety & Insurance Fund Service was formed through a merger of several entities, including the National Road Safety Council Office, the Insurance Fund Service, and two directorates under the Ministry of Transport & Logistics. The new policy its officials push would provide free treatment for individuals involved in road traffic accidents, which is expected to address some of the financial burdens that often accompany such incidents. Integration of Road Safety course into the school curriculum has been initiated in Addis Abeba and Dire Dewa cities partnering with the Ministry of Education. "The regional states are our next targets," said Fetiya.

[ssba-buttons]

Radar

Council Approves Nearly Two Trillion Dollars Budget for Upcoming Fiscal Year

The Council of Ministers has approved a draft federal budget nearing two trillion birr for the 2025/26 fiscal year, advancing it to Parliament for legislative review. Endorsed during it's recent session on Thursday, the proposal outlines allocations across recurrent and capital expenditures, regional transfers, and targeted investments directed at accelerating progress toward the Sustainable Development Goals (SDGs). Structured within the Medium-Term Macroeconomic and Fiscal Framework, the...


Radar

Milkii App Disburses 25 Million Br in Collateral-Free Loans in Two Months

Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million Br in revenue within just two months. Developed in partnership with Quantum Technology PLC, the app plans to make lending more accessible and inclusive, aligning with Oromia Bank's contribution to the Digital Ethiopia initiative. According to a press release, Milkii promotes financial inclusi...


Radar

Ethiopia Partners with UK to Ease Shipping Bottlenecks

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hilton Hotel Addis Abeba, to address skills gaps, customs delays, and corridor inefficiencies in the freight and logistics sector. The partnership focuses on technical cooperation, training, and regulatory reform. With over 90pc of trade dependent on the Djibouti corridor, rising congestion, customs...