Japan Donates $30m for Food Relief

Sep 19 , 2020


[ssba-buttons]

Japan has contributed 30.2 million dollars to help Ethiopia meet its food needs for communities that have been affected by the Novel Coronavirus (COVID-19), desert locusts, droughts and floods. The donation, channeled through the National Disaster Risk Management Commission (NDRMC), is expected to address the acute food needs of over 1.6 million people dwelling in the regions of Afar, Amhara, Oromia, Southern Nations, Nationalities & People, and Tigray regional states under the framework of the 2020 Humanitarian Response Plan. The World Food Programme has been handling the procurement, shipment, receipt and overland transport of 72,440tn of wheat to the country under this support from the Japanese government. The wheat will then be forwarded to distribution points by the Commission. The donation was made through the initiative of the Tokyo International Conference on African Development (TICAD), which first took place in 1993 and has since then met seven times.


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...