🇪🇹EthiopiaEast Africa
Human Rights First Ethiopia lawsuit for displaced persons faces repeated adjournments in Federal High Court
via The Reporter Ethiopia2 min read
A lawsuit filed by Human Rights First Ethiopia in November 2025, seeking legal remedy for millions of internally displaced persons IDPs, has been adjourned over ten times without meaningful proceedings. The case, before the Federal High Court’s Fundamental Human Rights Protection Bench, names the Council of Ministers, the Ministry of Peace, the Tigray Interim Administration, and the Amhara and Oromia regional governments as defendants. It aims to compel authorities to ensure the safe return, security, and sustainable reintegration of displaced populations. Delays have included postponements due to a shortage of judges in January 2026, despite new judicial appointments. The petition details displacement stemming from the Tigray war in December 2020, with over one million Tigrayan IDPs unable to return home. Additionally, nearly 520,000 individuals from Oromia are displaced in Debre Birhan and North Wollo Zone, Amhara region, and 84,000 IDPs remain within Oromia. Human Rights First Ethiopia argues that the prolonged displacement violates constitutional and international obligations due to a lack of durable solutions and coordinated government action, highlighting a broader institutional challenge.
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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 postponed its latest foreign-exchange auction, citing unforeseen technical issues. The NBE had previously announced on May 27 that it would conduct two foreign-exchange auctions of USD 100 million each during the fourth quarter of the fiscal year. This amount represents a significant reduction from the previous auction, which offered USD 500 million. The next auction, valued at USD 100 million, was scheduled for June 24, 2026. Demand for foreign currency remains high, with commercial banks submitting bids totaling approximately USD 1 billion in the previous auction, double the amount offered by the central bank, as the Birr continues to weaken against the US Dollar. In that auction, the weighted average exchange rate for successful bids was 159.98 Birr per dollar, with the highest successful bid at 160.90 Birr per dollar and the lowest at 157.30 Birr. Fourteen of the 30 participating commercial banks secured foreign-currency allocations.
Must ReadThe Ethiopian Capital Market Authority ECMA has granted an investment banking license to United Capital Financial Services PLC, a subsidiary of Nigeria-based United Capital Group. This marks the first time a foreign investment bank has established a subsidiary in Ethiopia, signaling increased foreign interest in the country's developing capital market. The license was issued on June 5 and announced on June 9, authorizing the company to provide services under Ethiopia’s investment banking framework. ECMA also approved five board directors and licensed four appointed representatives for the company. This development brings the total number of licensed Capital Market Service Providers in Ethiopia to 18 and raises the number of licensed investment banks to seven. ECMA Director-General Hana Tehelku described United Capital's entry as a significant milestone, reflecting growing confidence in Ethiopia’s financial sector reforms and regulatory framework. She added that it demonstrates recognition of Ethiopia’s market potential and could help deepen market capacity, improve regional integration, and strengthen investor participation. This licensing aligns with Ethiopia's ongoing efforts to operationalize its capital market and attract private investment.
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