FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Voluntary City Patrol Nears Half a Million

Nov 4 , 2023


[ssba-buttons]

Nearly half a million volunteers dubbed "peace army" operate across the capital, according to the quarterly report of the Addis Abeba Peace & Security Bureau. Headed by Lidya Girma, the Bureau presented its performance at Getfam Hotel on Haile Gebresilassie St last week. Lidya indicated that the army offers a rich potential for addressing the capital's security concerns lauding that crime reports have decreased from the same period last year with 1,478 incidents reported. A growing trend of recruiting street children for possible acts of violence has prompted the Bureau to place around 8,000 of them into detention facilities. Representatives from the different Weredas had revealed that the guise of religion was increasingly being used as a cover by 'anti-peace' forces with a looming risk in the future. The rise in the circulation of false currencies was revealed by the report with over 700,000 dollars seized by the Bureau alongside 2.7 million Br. In coordination with security officers and police, sudden inspections on 3,811 hotels, 1,978 motels and 716 guest houses were also conducted as part of a city-wide effort to nip budding crime hotspots. These operations had resulted in over one million Birr in gambling funds to be seized along with 2,314 hooka pipes and the detention of 538 suspects.


Radar

Creditors Open Way for Ethiopia's Eurobond Restructuring

Ethiopia has cleared a key hurdle in restructuring its one billion dollar Eurobond after the Official Creditor Committee (OCC) approved the latest agreement with private bondholders. The OCC said the deal meets its “comparability of treatment” principle, allowing the government to proceed with restructuring the bond, which matured in 2024. The approval follows renewed negotiations after official creditors rejected an earlier agreement reached in January. Under the new agreement, reache...


Radar

University Cutoff Leaves Most Exam Takers Behind

Only 70,544 students, or 12.8pc of those who sat the Ethiopian Secondary School Leaving Certificate Examination (ESSLCE), scored above the 50pc threshold required for university admission. Education Minister Berhanu Nega (Prof.) disclosed the results during a press briefing last Saturday. Nearly 32pc of the successful candidates were from Addis Abeba, giving the city the highest share. Oromia Regional State followed, while Amhara Regional State accounted for the remaining share. The res...


Radar

Dairy Drive Turns to Farmers to Cut Import Reliance

A five-year dairy project targeting 350,000 farmers has increased average milk production per cow by 3.8 litres a day, supporting Ethiopia's effort to replace imported dairy products with domestic output. The Ministry of Agriculture leads the initiative in collaboration with SNV's BRIDGE Plus project. It combines cow-focused advisory services, technology, market links and farmer capacity-building to raise dairy productivity. The work has centred on helping farmers produce surplus milk for sal...