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ATA, Mercy Corps to Establish Data Hub

Apr 4 , 2020

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The Ethiopian Agricultural Transformation Agency (ATA) and Mercy Corps' AgriFin programme have signed a memorandum of understanding (MoU) to establish a data hub. The CEO of ATA, Khalid Bomba, and the Programme Director of Mercy Corps, Leesa Shrader, signed the partnership agreement. With the agreement, Mercy Corps will support ATA to develop a data hub through which it will provide data-driven, holistic solutions to farmers. The data hub will also enable ATA to implement a digital management tool that will allow farmers to make data-driven decisions and improve existing processes and performances within ATA’s Farmer Production Clusters (FPC) programme. These solutions will ultimately be scaled up, benefiting the 2.5 million smallholder farmers under the FPC.

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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...

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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...

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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...

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