Road Accidents Claim Young Lives in the Capital

Nov 26 , 2022

Young men in their teens and twenties are dying of accidents on the road. The national death toll averages around 5,000 people annually, 80pc account for pedestrians in traffic accidents. Men between the ages of 15 and 29 took over three-fourths of this number. This year, the death of 30 people has been recorded on the road from Ayat to Tafo, on the north-east outskirts of Addis Abeba. A panel discussion focused on reducing traffic accidents was held at the Traffic Management Bureau located on Haile Gebresilassie Street in the capital. Officials at the Bureau attributed the increased traffic accidents and death rates to the mismanagement of breathalysers and speedometer radars. Ethiopia ranked 19th in countries encountering the most car accidents, reports World Health Organisation (WHO). The number of death rates due to traffic accidents accounted for 11pc by the end of last year, according to the report by Bloomberg Initiative for Global Road Safety (BIGRS), an international organisation working to improve road safety and save lives. An international initiative, BIGRS, aims to reduce road crash fatalities and injuries in low and middle-income countries and cities, strengthening national legislation and enhancing data collection and surveillance. Lethal traffic accidents are frequent during late night hours, with increased numbers on Saturdays, according to a report presented by Meron Getachew, a country representative of BIGRS.


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...