Flood Threatens Half Million People: Commission

Jul 25 , 2020

The National Disaster Risk Management Commission warned that current intense seasonal rainfall could displace 434,000 people out of the two million people at risk in Ethiopia. Man-made and natural disasters posed risks in some parts of the country, according to Damene Damota, deputy commissioner of the Commission. The spread of the Novel Coronavirus (COVID-19) pandemic, desert locust infestations, flooding and landslide catastrophes are among the disasters the Commission is dealing with, according to Damene. Northwest, southwest and central parts of the country are forecasted to receive normal and above normal rainfall in this rainy season. Intense rainfall could cause unprecedented flooding and landslide risks in some parts of Ethiopia, according to Fetene Teshome, director-general of the National Meteorology Agency. The Basins Development Authority is also working to prevent flooding and minimise the risk to residents downstream of the dams, particularly in Kesem, Tendaho, Koka and Tana Beles, which are in high risk of flooding.


ZamZam Bank Joins Commodity Exchange Payment System

The pioneering full-fledged interest-free commercial bank, ZamZam Bank, has become the 24th financial institution to join the Ethiopian Commodity Exchange's (ECX) payment system. CEO of the Exchange Wendemagegnehu Negera signed the deal with the President of the Bank Melika Bedri last week. According to the CEO, joining the platform which has around 11,000 accounts registered and has transacted over 386 billion Br so far, will allow a reliable mechanism whereby traders can be certain that pay...


AfDB, ADF to Chart Transformation Path at Diamond Jubilee

The African Development Bank (AfDB) and the African Development Fund (ADF) are gearing up for a major joint meeting in Nairobi, Kenya, expected to draw around 4,000 participants. The event, taking place at the Kenyatta International Conference Centre in late May, will focus on "Africa's Transformation," a theme reflecting the continent's ongoing pursuit of economic and social development. "Despite progress over the years, Africa's transformation remains incomplete," said Vincent O. Nmehielle...


Big Art Sale Returns to Addis

The annual Big Art Sale returns to Addis Abeba this weekend. Over 100 artists are expected to showcase their original works and prints at the Hilton Addis. What's Out Addis in partnership with the Hilton Hotel is behind the event that showcases the works of over 100 artists. Big Art Sale has been around for the past 18 years showcasing paints and prints. According to organisers, it offers a chance to meet the artists and enjoy a variety of art forms with a dedicated Kids' Corner and food and...