Over 40,000 Repatriated in Four Months

Jun 25 , 2022

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.


Pivots in Business Maze

A set of projects spearheaded as part of ease of doing business reform with a 7.2 million euro finance from the European Union (EU) is set to improve and navigate the lingering concerns in Ethiopia's business landscape. E-governance projects are undertaken by GIZ International Services and Mckinsey & Company in cooperation with five federal agencies, including the Justice, Trade,  Innovation, Revenues ministries and National Bank of Ethiopia (NBE) are part of the wider plan to improve the d...


Dashen Bank Board Reinstates its Chair

Dashen Bank re-appoints Dula Mekonnen as its Board Chairman, extending his tenure for another three years. The decision was made during a board of directors meeting held at the Sheraton Addis Hotel last week. Dula holds a first degree in electrical engineering from the Adama Science & Technology University and a graduate degree in business management. With a diverse leadership background spanning three decades, Dula has served as a manager at Ethio-Leather Industry Plc and managed Wenji S...


Digital Fuel Transactions Soar Amid Subsidy Drop

Nationwide digital fuel transactions have exceeded the 155.4 billion Br mark, as the Ethiopian Petroleum & Energy Authority released a half-year report last week. Consistent reductions in fuel subsidies have led to the fuel price stabilisation fund hitting an all-time low of 117.4 billion Br, a decrease of 79.6 billion compared to the previous year. The report highlights the successful monitoring of subsidies across the country's 1,589 fuel stations, benefiting nearly 200,000 transporters...