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




Authorities Eye Humanitarian Response

Mar 11 , 2024


[ssba-buttons]

Several regional states face climate-induced shocks, ongoing conflicts, droughts and floods, prompting a critical discussion between the Ministry of Finance and UNICEF to provide humanitarian aid. Ahmed Shide, minister of Finance and Edward Chaiban, UNICEF's deputy director for humanitarian action & supply operations, discussed the urgent need for a coordinated response to address the dire situation. According to UNICEF, over 31.4 million Ethiopians require humanitarian assistance. A recent report paints a grim picture, highlighting the threats to the health, education, and safety of Ethiopia's 48 million children due to a complex interplay of conflict, insecurity, health emergencies, and climate extremes. The discussion underscored the need for development partners to step up their support and provide timely interventions. Balancing long-term development goals with immediate humanitarian needs is a pressing concern. Edward outlined their efforts recalling the delivery of critical supplies like therapeutic food to conflict-affected areas in the Amhara and Oromia regions.


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...