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

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


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...