Tech Tools Offer Digital Lifeline to Refugees

May 4 , 2024


[ssba-buttons]

  A digital platform that aims to connect skilled refugees and potential employers within the host communities was launched in a partnership between the UNHCR and Gebeya Inc. The project has onboarded 300 refugees into the system since its inception five months ago and hopes to reach 2,000 individuals across Gebeya's system soon. Ethiopia is currently the third largest refugee and asylum seeker hosting country in Africa, with close to one million individuals. The country also has an additional mass of nearly four million internally displaced individuals. The surge of conflict in neighbouring Sudan over the past year, along with the lingering impacts of the two-year conflict in the North, have tested the limits of Ethiopia's economic limits. Margaret Atieno, deputy representative of UNHCR, said matching skilled refugees with dignified work increases their role in the country's economy.


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...


Radar

Export Recovery Gains Ground, Industry Still Lags Potential

The Ministry of Industry (MoI) has reported a modest rebound in Ethiopia's manufacturing exports, with revenues climbing eight percent in the 2025 fiscal year to reach 318 million dollars. Minister Melaku Alebel attributed the growth to a gradual sectoral recovery but acknowledged the figures remain well below the country's industrial potential. Speaking at a forum held with 60 top-performing manufacturers, Melaku said the ministry is working to unlock bottlenecks and improve coordination. Th...