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Joint Operations Expose Scale of Illegal Trade in Billions


Joint Operations Expose Scale of Illegal Trade in Billions

Federal Police Commissioner General Demelash Gebremichael said coordinated operations over the past five years have resulted in the seizure of contraband goods valued at more than 53 billion Br. He presented the findings during a joint review meeting with the Federal Ethics and Anti-Corruption Commission, noting a sharp increase from earlier periods when annual seizures averaged around two billion birr. In the past six months alone, joint operations with other security agencies recovered over 14 billion Br worth of import and export-related contraband. The commissioner added that 384 individuals suspected of corruption-related offences are currently under arrest and investigation, reflecting strengthened inter-agency cooperation. Commissioner Samuel Urkato(PhD) said the Federal Police’s shift toward digital systems for crime prevention and investigation marks significant progress. The meeting reviewed achievements under the existing memorandum of understanding and underscored continued collaboration between the two.

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Radar

Creditors Open Way for Ethiopia's Eurobond Restructuring

Ethiopia has cleared a key hurdle in restructuring its one billion dollar Eurobond after the Official Creditor Committee (OCC) approved the latest agreement with private bondholders. The OCC said the deal meets its “comparability of treatment” principle, allowing the government to proceed with restructuring the bond, which matured in 2024. The approval follows renewed negotiations after official creditors rejected an earlier agreement reached in January. Under the new agreement, reache...


Radar

University Cutoff Leaves Most Exam Takers Behind

Only 70,544 students, or 12.8pc of those who sat the Ethiopian Secondary School Leaving Certificate Examination (ESSLCE), scored above the 50pc threshold required for university admission. Education Minister Berhanu Nega (Prof.) disclosed the results during a press briefing last Saturday. Nearly 32pc of the successful candidates were from Addis Abeba, giving the city the highest share. Oromia Regional State followed, while Amhara Regional State accounted for the remaining share. The res...


Radar

Dairy Drive Turns to Farmers to Cut Import Reliance

A five-year dairy project targeting 350,000 farmers has increased average milk production per cow by 3.8 litres a day, supporting Ethiopia's effort to replace imported dairy products with domestic output. The Ministry of Agriculture leads the initiative in collaboration with SNV's BRIDGE Plus project. It combines cow-focused advisory services, technology, market links and farmer capacity-building to raise dairy productivity. The work has centred on helping farmers produce surplus milk for sal...