Ethiopia Seeks $1b for Humanitarian Aid

Feb 1 , 2020


Seven million people need humanitarian aid including emergency food assistance, according to the National Disaster Risk Management Commission (NDRMC). The Commission conducted an assessment beginning in June 2019 and discovered that seven million people have been in need of food assistance, requiring over one billion dollars in humanitarian aid, according to Debebe Zewede, public relations director at the Commission. Noting that six million people are now receiving food aid, the Commission says that is a reduction from the preceding year when the country had eight million people on food aid. Debebe stated that Ethiopia has been facing a recurrent drought phenomenon unlike past years. “The incident is affecting the country’s economy and the lives of the people,” he said.


Radar

Parliament Nods Loan Agreement with South Sudan

In a parliamentary session last week, MPs approved a 738-million-dollar loan agreement with South Sudan. The federal body ratified the proposed bill which looks to establish road infrastructure linking the two countries. The project aims to create accessible transport routes that will enable trade, reduce logistical bottlenecks, and facilitate the movement of goods and people across borders. It is expected to be managed collaboratively, with the South Sudan Roads Authority overseeing activities...


Radar

AfCFTA Strides, National Implementations Fall Behind

The 15th Council of Ministers Meeting of the African Continental Free Trade Area (AfCFTA) convened in Addis Abeba last week, bringing together stakeholders to discuss boosting trade integration and sustainable development on the continent. The AfCFTA aims to transform small and fragmented markets into a single market of over 1.4 billion people, looking to ensure heightened growth and development. It will enhance Africa's collective bargaining power on the global stage and aligns with the commitm...


Radar

MOENCO Moves to Control BYD Ethiopia Presence

MOENCO, a subsidiary of Inchcape Plc, has partnered with BYD to become the official distributor of the latter's electric and hybrid vehicles in Ethiopia. This is Inchcape's third partnership with BYD, as the company already distributes BYD vehicles in Singapore, Belgium and Luxembourg. MOENCO will begin offering the vehicles in December 2024. The company stated it will provide comprehensive sales and after-sales support, including warranty, genuine spare parts, and quality maintenance. Moenco, o...


Back
WhatsApp
Telegram
Email