Ethiopia's Internal Displacement Tops Global List: Report Reveals

May 21 , 2022


[ssba-buttons]

Ethiopia recorded the highest number of internally displaced people (IDPs) of any country in 2021, according to a report published by the Internal Displacement Monitoring Centre. The armed conflict gripping the country's north since November 2020, and rising insecurity in other regions triggered the displacement of 5.1 million people, according to the report. It is three time higher than the number of IDPs recorded in 2020, and the highest annual figure ever recorded for a single country. The Centre estimates over 59 million people had been internally displaced in 2021 globally. Sub-Saharan Africa accounted for more than three-quarters of all IDPs forced to relocate by conflict and violence. The Centre is a non-governmental organisation established in 1998 by the Norwegian Refugee Council.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...