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




US Pledges $10m for Locust Outbreak Fight

Mar 7 , 2020


[ssba-buttons]

The United States, through its aid department USAID, has pledged 10 million dollars to support operations to control the swarms of locusts in Ethiopia, Kenya and Somalia. The donation comes three weeks after United States Secretary of State Mike Pompeo announced the first eight million dollars in support. During his three-day visit to Ethiopia, he announced the pledge to tackle the desert locust outbreak in East Africa. The new aid is expected to have a positive impact on affected communities in Ethiopia and throughout the Horn of Africa. The current outbreak of desert locusts is the worst to hit East Africa in decades. The insects have infested the region and are eating their way through vegetation and livestock pastures. The current funding will support locust detection, surveillance and control operations across the region, which include ground-based and aerial efforts. Over the past five years, the United States has been the largest bilateral donor to Ethiopia and has invested four billion dollars to help people across the country lead healthier and more prosperous lives.


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...