Oromia Allocates 3b Br for Job Creation

Oct 19 , 2019


[ssba-buttons]

The Oromia Enterprise & Industry Development Bureau has allocated three billion Birr to create 1.1 million jobs in the regional state this year. The Bureau also began giving training to stakeholders in Adama, Oromia Regional State. The training aims to create and improve awareness of small and medium enterprises to be a base for the industrial sector, according to Getachew Geleta, deputy head of the Bureau. Currently, the training is also given in six different Oromia towns. The nation has about 11 million unemployed people, while the capital city has 700,000 unemployed people, about a quarter of the city's population. Two years ago parliament approved a 10 billion Br revolving fund allocated to 2.9 million unemployed youth. Managed by the then Ministry of Youth & Sports, the fund was disbursed through the Commercial Bank of Ethiopia.


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...