FAO Begins Fertiliser Distribution in Tigray

Jul 23 , 2022


[ssba-buttons]

The Food & Agriculture Organisation (FAO) has delivered 262tns of fertilisers to farmers in the Tigray Regional State. It is the first batch of 19,300tns secured by the agency and partners to provide urgent support to farmers to sow during Mehir season, which has already begun, after the Ministry of Agriculture granted the green light to buy and distribute more than 60,000tn of fertiliser from the international market. Close to half of the 1.2 million smallholder farmers in Tigray use chemical fertilisers, according to a survey published by the Ethiopian Statistics Service. Sorghum, teff, and maize are the major crops harvested, accounting for nearly two-thirds of total agricultural output in Tigray. The FAO has a fully-staffed regional operational office in Tigray.


Radar

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses today, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payments. The bank...


Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...


Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...