Aluto is a peralkaline rhyolitic caldera located in a highly populated area in central Ethiopia. Its postcaldera eruptive activity has mainly consisted of self-similar, pumice-cone-building eruptions of varying size and vent location. These eruptions are explosive, generating hazardous phenomena that could impact proximal to distal areas from the vent. Volcanic hazard assessments in Ethiopia and the East African Rift are still limited in number. In this study, we develop an event tree model for Aluto volcano. The event tree is doubly useful: It facilitates the design of a conceptual model for the volcano and provides a framework to quantify volcanic hazard. We combine volcanological data from past and recent research at Aluto, and from a tool to objectively derive analog volcanoes (VOLCANS), to parameterize the event tree, including estimates of the substantial epistemic uncertainty. Results indicate that the probability of a silicic eruption in the next 50 years is highly uncertain, ranging from 2% to 35%. This epistemic uncertainty has a critical influence on event-tree estimates for other volcanic events, like the probability of occurrence of pyroclastic density currents (PDCs) in the next 50 years. The 90% credible interval for the latter is 5-16%, considering only the epistemic uncertainty in conditional eruption size and PDC occurrence, but 2-23% when adding the epistemic uncertainty in the probability of eruption in 50 years. Despite some anticipated challenges, we envisage that our event tree could be translated to other rift volcanoes, making it an important tool to quantify volcanic hazard in Ethiopia and elsewhere. Ethiopia is the second most populous nation (estimated~110 million inhabitants; e.g., World Bank, World Development Indicators, 2019) and the fastest growing economy in Africa (World Bank, https://data. worldbank.org/region/sub-saharan-africa). Ethiopia also holds the largest number of Holocene volcanoes (~60) in the African continent (e.g., Global Volcanism Program, 2013). Globally, Ethiopia ranks second only to Indonesia in having the largest number of active volcanoes at the highest level of uncertainty related to volcanic hazard (i.e., in terms of available data and monitoring activities, Aspinall et al., 2011). Additionally, exposure to volcanic hazard is high in Ethiopia (Aspinall et al., 2011) and is rapidly increasing with continued economic and industrial development (Aspinall et al., 2011; United Nations