FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




5.7m People Affected by Severe Drought Need Food Assistance: WFP

Feb 12 , 2022


[ssba-buttons]

The World Food Programme (WFP) estimates that 5.7 million people affected by severe drought need food assistance in eastern Ethiopia. The organisation plans to support 2.9 million people with food relief in the Somali Regional State and around 600,000 children and mothers with nutritional and preventative treatments against malnutrition. This emergency response will be complemented by expanding microinsurance support for up to 18,000 at-risk pastoralists, reads a press release from the organisation. The WFP is also seeking to include 50,000 children in its school meals programme, which supports 87,000 children across 254 schools in other drought-affected regions of Oromia and the Southern Regional State. According to the press release issued by WFP, 13 million people are facing drought-induced hunger in the Horn of Africa. Close to three million and four million people are in need of assistance in Kenya and Somalia, respectively, according to its estimates.


Radar

Creditors Open Way for Ethiopia's Eurobond Restructuring

Ethiopia has cleared a key hurdle in restructuring its one billion dollar Eurobond after the Official Creditor Committee (OCC) approved the latest agreement with private bondholders. The OCC said the deal meets its “comparability of treatment” principle, allowing the government to proceed with restructuring the bond, which matured in 2024. The approval follows renewed negotiations after official creditors rejected an earlier agreement reached in January. Under the new agreement, reache...


Radar

University Cutoff Leaves Most Exam Takers Behind

Only 70,544 students, or 12.8pc of those who sat the Ethiopian Secondary School Leaving Certificate Examination (ESSLCE), scored above the 50pc threshold required for university admission. Education Minister Berhanu Nega (Prof.) disclosed the results during a press briefing last Saturday. Nearly 32pc of the successful candidates were from Addis Abeba, giving the city the highest share. Oromia Regional State followed, while Amhara Regional State accounted for the remaining share. The res...


Radar

Dairy Drive Turns to Farmers to Cut Import Reliance

A five-year dairy project targeting 350,000 farmers has increased average milk production per cow by 3.8 litres a day, supporting Ethiopia's effort to replace imported dairy products with domestic output. The Ministry of Agriculture leads the initiative in collaboration with SNV's BRIDGE Plus project. It combines cow-focused advisory services, technology, market links and farmer capacity-building to raise dairy productivity. The work has centred on helping farmers produce surplus milk for sal...