Deadly Landslides Hit Southern Ethiopia
Analysis based on 10 articles · First reported Mar 12, 2026 · Last updated Mar 12, 2026
This event has no direct impact on financial markets, as it is a localized natural disaster. However, it could indirectly affect the insurance sector if there are insured properties in the affected areas, and potentially construction if rebuilding efforts are extensive.
A series of devastating landslides struck three districts in the Ethiopia===Gamo Zone of southern Ethiopia following a week of heavy rains. At least 50 people have died and 125 others are missing. The affected districts include Gacho Baba District, Kamba District, and Bonke District. Mesfin Manuqa, Ethiopia===Gamo Zone's director of disaster response, confirmed one person was rescued alive. Abebe Agena, Gacho Baba District communication chief, stated most fatalities were found buried in mud. Tilahun Kebede, president of the Ethiopia===South Ethiopia Regional State, expressed sorrow and urged residents in high-risk areas to take precautions as heavy rainfall is expected to continue. Mudslides and floods are common in Ethiopia during the rainy season, with a similar event in July 2024 claiming 229 lives.
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