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




Japan Donates $30m for Food Relief

Sep 19 , 2020


[ssba-buttons]

Japan has contributed 30.2 million dollars to help Ethiopia meet its food needs for communities that have been affected by the Novel Coronavirus (COVID-19), desert locusts, droughts and floods. The donation, channeled through the National Disaster Risk Management Commission (NDRMC), is expected to address the acute food needs of over 1.6 million people dwelling in the regions of Afar, Amhara, Oromia, Southern Nations, Nationalities & People, and Tigray regional states under the framework of the 2020 Humanitarian Response Plan. The World Food Programme has been handling the procurement, shipment, receipt and overland transport of 72,440tn of wheat to the country under this support from the Japanese government. The wheat will then be forwarded to distribution points by the Commission. The donation was made through the initiative of the Tokyo International Conference on African Development (TICAD), which first took place in 1993 and has since then met seven times.


Radar

Freight Forwarders Earn FIATA Diplomas as Sector Eyes Global Stage

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) has graduated a new cohort of professionals from the internationally recognised FIATA Diploma Programme, bolstering efforts to strengthen Ethiopia's logistics and freight forwarding sector. EFFSAA President Dawit Wubshet (PhD) said the association has trained more than 495 professionals since launching the programme. He noted that EFFSAA is working with international partners to expand digital learning and introduce o...


Radar

Parliament Backs Italian, French Loans for Reform, Infrastructure

Parliament has ratified two loan agreements worth a combined 124.6 million euros with the governments of Italy and France, approving both proclamations unanimously during its second emergency session of the fifth parliamentary term. The larger agreement secures a 70 million euro loan from Italy to provide direct budget support for the government's economic reform agenda. The concessional financing carries a 30-year repayment period, including a 16-year grace period, with no interest or servic...


Radar

Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's capital has quadrupled over the past ten years but has declined in foreign currency value. Established in 2016 as the country's first indigenous reinsurer, Ethio Re has retained more than 90 million dollars in foreign exchange for the economy. Its assets have grown from 82 million Br to 5.3 billio...