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




WFP Aid Convoy Arrives in Tigray

Jun 11 , 2022


[ssba-buttons]

A convoy of over 300 trucks loaded with food supplies arrived in Tigray Regional State last week, according to the World Food Programme (WFP). The humanitarian assistance is to be distributed to 800,000 people in need in the region. The United Nations Office for the Coordination of Humanitarian Affairs (UN-OCHA) says over 65,000tn of food was brought in to Meqelle, the regional capital, through 18 humanitarian convoys in the two months since April 2022. Return operations are also ongoing in Tigray with 2,645 displaced households comprising over 5,200 individuals returned from Adigrat to their weredas of origin with the support of local authorities and partners, according to a UN report published last week. The UN says a 338 million dollar gap in financing needed to reach an estimated 9.4 million people in need of aid in the Tigray, Amhara and Afar regional states. The WFP plans to start a new, six-week round of food distributions in Afar and Amhara after completing ongoing delivery operations.


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...