Tripartite Agreement Offers a Bridge to Basic Needs for Refugees

Oct 7 , 2023


A data-sharing agreement that aims to assist refugees in easily accessing basic services such as health insurance, education, and banking was signed between officials of the National ID program, the UN Refugee Agency, and the Ethiopian Refugees & Returnees Services (RRS) last week. Yodahe Zemichael, executive director of the National ID program, Teyiba Hassen, director general of the Services, and Andrew Mbogori, UN refugee representative to Ethiopia, inked the agreement at Services headquarters. At the signing ceremony, Teybia reckoned that the agreement is a testimony towards a better protection scheme for refugees. There are over 930,000 refugees and asylum seekers residing in Ethiopia, originating from South Sudan, Somalia, and Eritrea, according to a report by the UN Refugee Agency.


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Exchange Ponders Adding Salt to its Floor

The Ethiopian Commodity Exchange (ECX) is considering adding salt to its list as the 24th tradable commodity. Executives are currently conducting feasibility studies and preparing sales contracts. Last week, Ali Muhammed, deputy administrator of the Afar Regional State, and Ali Behani, Head of the Regional Mining Bureau, visited the ECX headquarters in the Mexico area. They said regional salt miners and processors are not adequately compensated for their production, with hopes that the EC...


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Public Service Sector Receives Data Privacy Training

Staff members from the National Bank of Ethiopia, the Ministry of Trade & Regional Integration and the Ministry of Revenues received a three-day training on data privacy and protection over the past week. The training aimed to equip participants with the skills of proper data breach notification procedures, minimising risk of exposure, and secure data transfer practices to safeguard personal data during transmission. It was given by the Business Environment and Investment Climate (BEI...


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Unleashing Millions for Micro-Entrepreneurs with Digital Loans

A 100 million-dollar program to scale up six financial institutions to facilitate digital non-collateral loans to micro, small and medium enterprises (MSMEs) was launched last week. Drawing experience from the first digital non-collateral lending platform dubbed Michu powered by Cooperative Bank of Oromia (COOP), the program coupled with Amhara, Bunna, Enat, Wegagen and ZamZam banks. Last year, Coop dispersed 946 million Br loans to farmers through cooperative unions and MSMEs, reaching m...


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