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Over 40,000 Repatriated in Four Months

Jun 25 , 2022


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Federal officials say over 40,000 Ethiopian migrants have been repatriated from Saudi Arabia over the past four months. Over 100 flights between the end of March 2022 and last week brought in around 40pc of the 102,000 migrants authorities plan to repatriate by next year. Hundreds of thousands of illegal migrants taken into custody by Saudi officials as part of a crackdown that gained momentum in the wake of the COVID-19 pandemic. Migrants were afforded a 90-day amnesty, during which they could leave the country without facing harsh consequences. Many were unable to do so, subsequently arrested and packed into dense detention centres. Returnees have reported they face difficulties upon arrival in Addis Abeba, where support from the government and humanitarian agencies is insufficient to meet even essential needs.


Radar

Abay Bank Lists on Ethiopian Securities Exchange as Fifth Entrant

Abay Bank Share Company began trading on the Main Board of the Ethiopian Securities Exchange (ESX) on June 25, becoming the fifth company to list after registering its ordinary shares with the Ethiopian Capital Market Authority (ECMA). The stock debuted at 1,800 Br a share, making all 9.66 million ordinary shares immediately tradable. The listing follows a year of strong financial and digital growth. For the fiscal year ended June 30, 2025, the bank reported a three-billion-Br profit, assets...


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Court Freezes Bank Accounts and Assets in Cosmo Trading Dispute

The Federal High Court Civil Bench has ordered the Commercial Bank of Ethiopia, Awash Bank, Hibret Bank and Bank of Abyssinia to freeze accounts held by Cosmo Trading Plc and Haileyesus Mengistu, blocking transactions of up to 400 million Br. The order follows the House of Federation's April 27, 2026 decision to suspend enforcement of earlier commercial rulings while it reviews a constitutional dispute over inheritance and contested business assets. The case centres on a nine-storey hotel on...


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Bule Hora, Kebri Dehar Universities Sign Austrian Partnership

Bule Hora and Kebri Dehar universities have signed separate memoranda of understanding with Austria's Leoben University to strengthen training in mining, petroleum and energy as Ethiopia seeks to build resource-based industrial capacity. The partnerships aim to enhance academic and practical skills in mining engineering, petroleum studies and energy systems, disciplines viewed as critical to the country's long-term extractive and industrial ambitions. Under the agreement, Bule Hora Univers...