Humanitarian Needs Devoid of Funds

Nov 5 , 2022


[ssba-buttons]

Covering the cost of humanitarian efforts in Ethiopia has become uncertain as the gap between commitment and need is widening, according to the United Nations. The organisation also reported that the Cholera outbreak is rising in the Oromia and Somalia regions. The outbreak is active in 23 kebeles of the Bale zone in the Oromia and nine kebeles in the Somali regional states. The Ethiopian Public Health Institute estimates that 450,000 people are at high risk of being affected by the outbreak in the four districts, particularly among internally displaced people. Only 39pc of the three billion dollars needed to cover food aid was released last month, disclosed the United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA). The UN needs 1.2 billion dollars to respond to areas affected by drought, flood and conflict. However, OCHA lacks funds to pay for water sanitation and hygiene (WASH) projects. The aid response is impeded by insufficient funding and a shortage of water storage tanks and trucking capacity. OCHA is also preparing to supply agricultural support targeting 11.5 million people in all the regional states.


Radar

AMG Holdings Breaks Ground on Industrial Rail Link to Ethio-Djibouti Railway

AMG Holdings has launched construction on a 2.5-kilometer railway connecting its Sheger Industrial Park to the Ethio-Djibouti Railway's Endode Station. The Ethiopian-led project comprises 1.7 Kms of main track and 800 meters of side rail. Chief Project Manager Engineer Nigist Hailu said the line is expected to be completed within six months, facilitating the transport of raw materials and finished goods to Djibouti's port. More than 100 local workers have already joined the project, with addi...


Radar

Ethiopian Deposit Insurance Fund Achieves Full Q1 Collection Target

The Ethiopian Deposit Insurance Fund collected 2.08 billion Br in the first quarter of 2025. This meets 100 percent of the target and represents a 26.83 percent increase compared with the same period last year. The rise in premiums was attributed to higher deposits from member financial institutions. To date, the fund has collected a total of 15.93 billion Br in premiums from member institutions, with 14.51 billion Br coming from regular deposits and 1.42 billion Br from interest-free depo...


Radar

Oromia Bank, Ethiopian Airlines Introduce Fly Now, Pay Later via Milkii Digital App

Oromia Bank's Milkii Digital App, launched on May 3, 2025, has introduced a “Fly Now, Pay Later” service that lets customers book Ethiopian Airlines tickets using digital loans, with payments spread over six months after travel with 16.5 interest rate and allows customers to book flights upto 300,000 Br. Developed in collaboration with Ethiopian Airlines, the platform is part of a broader effort to expand digital finance and simplify access to services. The initiative seeks to enhance conven...