Police Identify Remains of ET Crash Victims

Sep 14 , 2019

After six months of investigation, the identification of human remains from the crash of Ethiopian Airlines Flight is completed, Endeshaw Tassew, commissioner of Federal Police Commission, announced early last week. The plane, which carried 157 passengers and flight attendants, nosedived into farmland in Tulu Fara Wereda last March. “The investigation was very challenging,” said Endeshaw. The initial sampling of the remains was done in Ethiopia and then transferred to Cellmark Forensic Services, a UK-based laboratory that was contracted by the government, according to Endeshaw. Experts from Blake Emergency Services, another UK-based company, and from Interpol and the Ethiopian police were involved in preparing DNA samples and fingerprints.


DDR Initiative Gets 16m Boost

A 16 million euro initiative to facilitate the disarmament, demobilisation, and reintegration (DDR) of nearly 370,000 ex-combatants was launched last week. Financed by the European Union (EU) the program will be implemented across eight regional states. It is overseen by the National Rehabilitation Commission (NRC), the agreement was signed at the Ministry of Finance's headquarters on King George St. Key figures including Semereta Sewasew, state minister for Finance; Teshome Toga, commissioner...


Central Bank Launches Youth Enterprise Forum

A financial education program targeting youth and Medium & Small Enterprises (MSMEs) was launched by the National Bank of Ethiopia (NBE) last week. It aims to equip interested trainees with personal and professional knowledge through experts from banks and microfinance institutions who will provide comprehensive training. The training modules, developed in collaboration with The First Consult and BRIDGE, cover several angles of financial literacy, including deposits, digital financial servic...


ArifPay Takes a Leap with Massive Capital Boost

Shareholders of ArifPay Financial Technologies S.C. have taken a significant stride by resolving to raise the company's paid-up capital to 300 million Br. The decision doubles down from the current 140 million Br marking a substantial increase. ArifPay, was established by 142 shareholders and secured the distinction of being the first payment operator licensed by the National Bank in 2021. CEO Bernard Laurendeau emphasised the critical timing of this capital increase, aligning with the company...