Commission Lunches Corruption Survey

Feb 22 , 2020


[ssba-buttons]

The Federal Ethics & Anti-Corruption Commission announced that it has started a national survey to look into the impact of corruption in Ethiopia over the past decade. The survey was launched last October and is scheduled to be completed this June. It will reveal the level of corruption in the country, the types of corruption and the key sectors that have been affected. It will also detail the extent of the threat that corruption poses to the nation's economic, political and social development. It is also expected to identify gaps in the ongoing efforts to fight corruption and suggest mechanisms that might be more effective. The surveys findings will be used to design a ten-year national anti­-corruption strategy. The 2019 Transparency International Index ranked Ethiopia as the 96th least corrupt nation out of 180 countries. The country has improved 18 ranks from its 114th position in 2018.


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...