Displaced Number 1.7m in Amhara, Afar Regions

Nov 28 , 2021


[ssba-buttons]

Over 1.76 million people have been displaced in the Amhara and Afar regional states as a result of the ongoing armed conflict, according to the Government Communications Service. The figure stands at over one million people in the Amhara region alone. Over 300,000qtl of food aid was delivered to the internally displaced persons (IDPs) in the two regional states last week, according to the Service. Last week, the UN's World Food Programme (WFP) said that the number of people requiring food aid in war-torn northern Ethiopia had surged to more than nine million. An estimated 3.7 million need urgent food aid in Amhara Regional State while some 5.5 million people in Tigray Regional State require emergency humanitarian assistance.


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...