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



Conflict Affected Rural Areas Foresee Help from EU


Conflict Affected Rural Areas Foresee Help from EU

Rural areas damaged by conflicts, with estimated inhabitants of eight million people, foresee humanitarian assistance from the European Union (EU). The EU will donate 35 million euros to support the Productive Safety Net Program (PSNP), now beginning its fifth phase to provide food, job, health, and social caregiving sectors and services. The overall budget for the five-year program will be 2.38 billion dollars. Solomon Kebede, press and information officer, said the EU has been working with the program since its launch in 2005. It was introduced after the most hotly contested national elections that year when donors felt their trust was breached following widespread clampdown. A series of protests in Addis Abeba and other towns against what the opposition claimed were rigged elections outcomes led to the death of hundreds of people. Donors, mainly from the EU, discontinued providing direct budget support, replacing it with PNSP. Roland Kobia, EU's ambassador, and the World Bank Country Directors, agriculture and finance ministries' representatives are expected to attend the ceremony on Monday, December 12, 2022, at the EU office on Cape Verde St. In 2011, a severe drought in 60 years affected the Eastern Africa region, causing famine in Somalia and acute hunger and malnutrition in northern Kenya. Ethiopia managed the crisis without experiencing famine. During the 2015-16 El Nino droughts, which resulted in millions of Ethiopians requiring emergency food assistance, PSNP was hailed for demonstrating how contingency arrangements could be used during emergencies.

[ssba-buttons]

Radar

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...