IGAD Warns of Fifth Consecutive Poor Rainy Season

Aug 27 , 2022

The Intergovernmental Authority on Development (IGAD) has warned that drought-affected areas in Ethiopia, Somalia and Kenya are likely to receive insufficient rainfall this year. It will mark a fifth consecutive failed rainy season, which falls between October and December and constitutes two-thirds of annual rainfall in the areas. The UN called drought facing large swathes of East Africa the "worst in four decades." The situation is likely to deteriorate in light of the latest forecast. Last month, the United Nations Children's Fund (UNICEF) warned the drought in Ethiopia's east and south could turn into a full-blown famine without immediate action. The agency says it is facing difficulties in sourcing financing and aid to back its humanitarian operations in the drought-stricken regions. It reports that severe acute malnutrition has risen sharply in these areas. There has been a 47pc increase in the Somali Regional State, according to UNICEF.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...