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




Humanitarian Needs Devoid of Funds

Nov 5 , 2022


[ssba-buttons]

Covering the cost of humanitarian efforts in Ethiopia has become uncertain as the gap between commitment and need is widening, according to the United Nations. The organisation also reported that the Cholera outbreak is rising in the Oromia and Somalia regions. The outbreak is active in 23 kebeles of the Bale zone in the Oromia and nine kebeles in the Somali regional states. The Ethiopian Public Health Institute estimates that 450,000 people are at high risk of being affected by the outbreak in the four districts, particularly among internally displaced people. Only 39pc of the three billion dollars needed to cover food aid was released last month, disclosed the United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA). The UN needs 1.2 billion dollars to respond to areas affected by drought, flood and conflict. However, OCHA lacks funds to pay for water sanitation and hygiene (WASH) projects. The aid response is impeded by insufficient funding and a shortage of water storage tanks and trucking capacity. OCHA is also preparing to supply agricultural support targeting 11.5 million people in all the regional states.


Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...