SOOTHING CHASMS


SOOTHING CHASMS

Youth around the Stadium area play ping pong to pass the time during the rainy winter. Ethiopia ranks 175th out of 191 countries on the Human Development Index (HDI), a multidimensional index that factors education, health, poverty, and other development indicators. With two million new citizens falling below the poverty line due to the protracted war in the north, studies forecast a further descent in ranking. As 97pc of 12th-grade students failed to make passing marks for University entrance this year, with the education ministry chalking it up to the improved testing methods, more and more youth spend their days fiddling on social media.

[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...