US Agency Donates $7.7m to Disaster Risk Training

Aug 20 , 2022


[ssba-buttons]

The United States Agency for International Development (USAID) has announced 7.7 million dollars in funding to Bahir Dar University for the training of 750 disaster risk management professionals. The capacity-building fund is the largest external contribution ever donated to the University. Last month, a judge at the Federal First Instance High Court granted federal investigators custody of MitikuKassa, head of the National Disaster Risk Management Commission. Mitiku was detained by federal police on suspicion of "corruption, misuse of public property, and abuse of office." USAID has also donated medical supplies valued at 73 million Br to health centres in the Amhara Regional State affected by the militarized conflict in the country's north. Close to 1,800 health centres in four regional states, including Afar and Oromia, have been partly or wholly damaged due to civil war and instability, according to federal authorities.


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...