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




Danish Gov't to Donate $4.5m to Humanitarian Efforts

Nov 20 , 2021


[ssba-buttons]

The government of Denmark has announced it will be donating 30 million Danish kroner (4.5 million dollars at current exchange rates) to boost ongoing UN humanitarian efforts in Ethiopia. The UN estimates that some 20 million people are in need of urgent aid in Ethiopia as a result of armed conflict, drought, flooding, insect infestation and the COVID-19 pandemic. Last week, the UN also approved the release of 40 million dollars in funding for emergency operations in Ethiopia. Most of the financing is from the UN's Central Emergency Response Fund while the remaining 15 million dollars is being sourced from the country-based Ethiopia Humanitarian Fund. The money will support aid agencies providing protection and other life-saving assistance to those affected by the conflict in the Amhara, Tigray and Afar regional states.


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. Bisrate Teshome, senior private...


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 less than 250 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 o...


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...