
State-run sugar estates under the Ethiopian Sugar Industry Group continue to be affected by security issues, high staff turnover, inadequate wages, and a lack of essential services like banking, telecom, and clean water. These findings were presented to the Public Enterprise Administration Committee by Members of Parliament MPs following their on-site inspections. The Group, which manages over 86,000 hectares of sugarcane plantations with an estimated annual production capacity of 600,000 tons, presented a nine-month performance report to Parliament. MPs highlighted significant problems at the Omo Kuraz factories, located in the South Omo Zone, despite the Group improving productivity and creating nearly 5,000 jobs since taking over from Chinese contractor Genertec Complant. Issues at Omo Kuraz include a failure to provide housing, absence of clean water, lack of road and communication facilities, and difficulties retaining experienced professionals. An inoperable irrigation dam, outdated machinery, lack of banking services, and frequent power interruptions were also cited. The Omo Kuraz estates, built at a cost of USD 341 million, face repayment challenges if sugar production does not increase. The report also noted security concerns and inadequate inconvenience allowances for employees in harsh weather conditions. While the Wonji Sugar Factory nearly met its productivity goals, it still faces issues with salary, incentives, and staff turnover. Similar problems were observed
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This summary was AI-generated from a story originally published by The Reporter Ethiopia.

The National Bank of Ethiopia NBE has reconfirmed its prohibition on the use, trading, and transfer of virtual assets, including cryptocurrencies, unless explicitly authorized by the NBE. The central bank issued a public notice defining virtual assets as digital representations of value that can be electronically traded, transferred, exchanged, or used for payments, investment, or similar purposes. The ban covers the purchase, sale, exchange, transfer, trading, settlement, and facilitation of transactions involving these assets without specific approval under Ethiopia's legal framework. The NBE clarified that the prohibition extends beyond just cryptocurrencies to all virtual assets. Prohibited activities include exchanging virtual assets for fiat currencies or other virtual assets, transferring them, providing custody or administrative services, and offering financial services related to their issuance or sale. The NBE warned the public against engaging in such transactions due to legal and financial risks, including fraud, scams, cyberattacks, market manipulation, and significant financial losses. This statement reiterates existing legal restrictions and does not announce new regulations or enforcement measures.
Must ReadMadagascar's capital, Antananarivo, has been gripped by a crime wave involving missing children and discovered bodies, leading to public anger. The National Police Directorate-General reported 172 disappearances since January 1, 2026, with 164 still missing and eight children found dead, 119 of these cases in the Analamanga region. This crisis has led to vigilante justice, including the lynching of a woman suspected of attempted abduction. Colonel Randrianirina, leader of the junta, has labeled the murders "terrorism" and alleged a political conspiracy without presenting evidence. His Prime Minister declared a "war" against those seeking to "undermine the Refoundation." The regime deployed 400 security personnel and blocked websites, but the conspiracy narrative lacks verifiable evidence. Civil society, trade unions, and the Catholic Church have criticized the government's response. Legal scholar Omar Abderman Ramadany warned against speculation, while the Union of Lecturers and Researchers urged authorities to take concrete action beyond declarations. The Catholic Bishops' Conference of Madagascar, through Vice-President Bishop Jean Pascal Andriantsoavina, stated they could no longer remain silent about homicides with unknown perpetrators, directly contradicting the government's claims of political conspirators. This religious opposition is part of a broader trend of disillusionment with the junta, which has seen arrests of political dissidents and a focus on consolidating p
Must ReadArtificial intelligence could boost Sub-Saharan Africa's economic output by approximately four percent over the next decade, provided governments invest significantly in electricity, internet connectivity, and digital skills, according to a recent report from the International Monetary Fund. Without these reforms, the region would see only marginal gains, with productivity increasing by as little as 0.2 percent. The IMF notes that Sub-Saharan Africa is one of the least prepared regions for widespread AI adoption, trailing every part of the world except South Asia in AI readiness. This gap is attributed to weak digital infrastructure, shortages of technical skills, and limited regulatory capacity. Reliable electricity, with about half the region lacking dependable access, and internet access, with only 38 percent of Africans using the internet in 2024, are major obstacles. The region also has limited computing infrastructure, hosting only about 160 data centers globally. Kenya and Rwanda lead East Africa in AI readiness due to strong private technology sectors and coordinated government policies, respectively. Ethiopia, however, ranks lower, despite expanding its telecommunications network. The IMF emphasizes that strengthening digital infrastructure, expanding reliable electricity access, and investing in technical education are crucial for the region to benefit economically from AI.