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




Ministry Receives Second Aircraft

Mar 21 , 2020


[ssba-buttons]

The United Nations Food & Agriculture Organization (FAO) handed over the second of six aircraft that are being sent to help Ethiopia fight the desert locust invasion on Friday, March 20, 2020. The FAO Representative to Ethiopia, Fatouma Seid handed over the aircraft to Oumer Hussein, minister of Agriculture with the intention of expanding aerial control in the battle against the desert locust. Two weeks ago the Ministry of Agriculture received the first aircraft from FAO. The event, which took place at the Addis Abeba Bole International Airport was attended by Sani Redi, state minister for Agriculture, and David Phiri, FAO’s sub-regional coordinator for East Africa. FAO’s support is timely and vital to control the desert locust before Meher, the main planting season that begins in a few months, according to Oumer. “The desert locust caused huge damage on sorghum and pastoral lands," he said. "It'll threaten the approaching planting season if we don't put it under control.” The swarm of the desert locust, the worst in a quarter of a century, has affected six regional states of Ethiopia and has already threatened the livelihoods of smallholder farmers and cattle herders by damaging crops and pastoral land since June 2019.


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...