Parliament Declares National Mourning for Landslide Victims in Gofa Zone

Jul 28 , 2024


[ssba-buttons]

Parliament has declared a three-day national mourning period to honour the memory of hundreds who lost their lives in a catastrophic landslide in Gofa Zone, Southern Ethiopia Regional State. The tragedy, which struck on July 24, 2024, was the result of intense rain showers in the Gezi Gofa wereda, claiming nearly 257 lives, according to aid agencies. The Ethiopian Red Cross Society, alongside volunteers and emergency workers, continues their search and rescue efforts two days after the disaster. Armed with shovels and their bare hands, they are arduously digging through mud in a desperate attempt to locate survivors. A report from the United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA) has warned that the death toll may rise, potentially reaching up to 500. The landslide has displaced over 125 residents, and a dozen severely injured individuals have been transferred to Sawla Hospital for urgent medical care. The humanitarian situation in the region remains critical. The UNOCHA report unveils the vulnerability of 1,320 children under five years of age and nearly 5,293 women, who are at high risk due to the ongoing threat of further landslides. This disaster struck just three weeks after the Ethiopian Meteorological Institute issued a warning about the likelihood of heavy rainfall, floods, and landslides affecting Addis Abeba and several regions in the west, north, centre, and northeast of the country.


Radar

AMG Holdings Breaks Ground on Industrial Rail Link to Ethio-Djibouti Railway

AMG Holdings has launched construction on a 2.5-kilometer railway connecting its Sheger Industrial Park to the Ethio-Djibouti Railway's Endode Station. The Ethiopian-led project comprises 1.7 Kms of main track and 800 meters of side rail. Chief Project Manager Engineer Nigist Hailu said the line is expected to be completed within six months, facilitating the transport of raw materials and finished goods to Djibouti's port. More than 100 local workers have already joined the project, with addi...


Radar

Ethiopian Deposit Insurance Fund Achieves Full Q1 Collection Target

The Ethiopian Deposit Insurance Fund collected 2.08 billion Br in the first quarter of 2025. This meets 100 percent of the target and represents a 26.83 percent increase compared with the same period last year. The rise in premiums was attributed to higher deposits from member financial institutions. To date, the fund has collected a total of 15.93 billion Br in premiums from member institutions, with 14.51 billion Br coming from regular deposits and 1.42 billion Br from interest-free depo...


Radar

Oromia Bank, Ethiopian Airlines Introduce Fly Now, Pay Later via Milkii Digital App

Oromia Bank's Milkii Digital App, launched on May 3, 2025, has introduced a “Fly Now, Pay Later” service that lets customers book Ethiopian Airlines tickets using digital loans, with payments spread over six months after travel with 16.5 interest rate and allows customers to book flights upto 300,000 Br. Developed in collaboration with Ethiopian Airlines, the platform is part of a broader effort to expand digital finance and simplify access to services. The initiative seeks to enhance conven...