Rehab Commission, Addis Chamber Join Forces for DDR Project


Rehab Commission, Addis Chamber Join Forces for DDR Project

In a bid to garner support from the private sector for the disarmament, demobilisation and reintegration (DDR) project, the National Rehabilitation Commission (NRC) partnered with the Addis Abeba Chamber of Commerce & Sectoral Association (AACCSA) last week. The potential of the business community to contribute to peace and stability was underscored, during the panel discussion at the Inter-Luxury Hotel on Guinea Conakry (Tito) St. Mesenbet Shenkute, the president of Addis Chamber, expressed concern over the decline in international and domestic investment in Ethiopia amid bouts of conflict in different parts of the country. Political science fellow Yonas Ashine (PhD) presented a study highlighting the business community's inadvertent role in fueling conflicts. He emphasised the importance of an inclusive peace-building process, combining humanitarian intervention and reconciliation efforts. Shanko Delelegn, head of the commissioner secretariat, stressed the vital role of the business community in providing financial support for the DDR project, with a substantial financial requirement of 920 million dollars over the next three years. Funding is expected to be sourced from the government, donors, and private capital. He revealed that over 370,000 ex-combatants have agreed to enter the DDR program, with one branch already operational and providing services in Meqelle town, Tigray Regional State.


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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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