Cooperative Bank Donates 70m Br to Drought Response Efforts

Feb 26 , 2022


[ssba-buttons]

The Cooperative Bank of Oromia has donated humanitarian supplies worth 70 million Br to drought-stricken areas of Oromia Regional State. The supplies include food and animal fodder to be distributed to five zones, including East Bale, Borena and Guji. More than half a dozen zones in Oromia, an additional 10 in the Somali Regional State, and areas of the Southern region, are suffering from what the United Nations describes as the "worst drought the country has seen in four decades." Humanitarian organisations estimate that around seven million livelihoods in the regions are in need of live-saving support. Millions more are in a similar predicament in neighbouring Kenya and Somalia as well.


Radar

Milkii App Disburses 25 Million Br in Collateral-Free Loans in Two Months

Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million Br in revenue within just two months. Developed in partnership with Quantum Technology PLC, the app plans to make lending more accessible and inclusive, aligning with Oromia Bank's contribution to the Digital Ethiopia initiative. According to a press release, Milkii promotes financial inclusi...


Radar

Ethiopia Partners with UK to Ease Shipping Bottlenecks

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hyatt Regency Addis Abeba, to address skills gaps, customs delays, and corridor inefficiencies in the freight and logistics sector. The partnership focuses on technical cooperation, training, and regulatory reform. With over 90pc of trade dependent on the Djibouti corridor, rising congestion, customs...


Radar

Education Authority Sanctions Mishqen College for Rule Violations

The Education & Training Authority has issued a decisive directive last week, mandating legal action against Mishqen College for persistently defying regulatory orders and unlawfully continuing to offer higher education services. Mishqen College had previously been licensed to conduct undergraduate distance learning programs across multiple regions from 2019 to 2022. However, after serious regulatory breaches, the institution was ordered to cease all instruction, complete pending academic...