Agriculture Ministry Receives 250 Handheld Sprayers

Oct 24 , 2020


[ssba-buttons]

The Ethiopian Agricultural Business Corporation has provided 250 handheld sprayers to the Ministry of Agriculture to buttress the fight against the desert locust infestation plaguing the country. The Ministry receives the support in its fight against the locust swarms, which are destroying crops and heavily impacting the livelihoods of the community in different parts of the country, according to Minister Oumer Hussien. "The donation from the Corporation will be instrumental in reinforcing measures against the infestation," said Oumer. The Chinese government has also donated different pesticides, personal protective gear, and sprayers to help the government of Ethiopia in its campaign against the desert locust invasion. Assessment from the Ministry of Agriculture shows that close to 281,000ha of land have been infested by locusts, with severe implications for crop harvests and livelihoods. A little over half of this land has been treated with pesticides since July.


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...