Acute Malnutrition Among Children Rises by 24pc

Aug 1 , 2020


[ssba-buttons]

Due to the combined effects of desert locusts, climate change and the secondary impact of COVID-19, the number of children to be treated for severe acute malnutrition in 2020 alone will rise by 24pc, according to UNICEF. The humanitarian target will, therefore, rise from the 460,000 initially planned, which includes 16,000 refugee children, to 570,000 children, of which 18,400 are refugee children. This represents 110,000 more children that need to be treated for malnutrition. In the next three months, a rise of this magnitude will undoubtedly trigger a spike in child mortality, as children with severe acute malnutrition are more vulnerable and likely to die from infectious diseases, such as measles and malaria. Humanitarian agencies require immediate support of 2.4 billion dollars to treat malnutrition and improve maternal and child health caused by the Novel Coronavirus (COVID-19) pandemic. Of this number, 80pc are from Sub-Saharan Africa and South Asia.


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...


Radar

Export Recovery Gains Ground, Industry Still Lags Potential

The Ministry of Industry (MoI) has reported a modest rebound in Ethiopia's manufacturing exports, with revenues climbing eight percent in the 2025 fiscal year to reach 318 million dollars. Minister Melaku Alebel attributed the growth to a gradual sectoral recovery but acknowledged the figures remain well below the country's industrial potential. Speaking at a forum held with 60 top-performing manufacturers, Melaku said the ministry is working to unlock bottlenecks and improve coordination. Th...