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IRC Beefs Up Drought Response, Warns 25m at Risk of 'Extreme Hunger'


IRC Beefs Up Drought Response, Warns 25m at Risk of 'Extreme Hunger'

The International Rescue Committee (IRC) has pledged a further five million dollars to bolster drought response efforts in East Africa. The humanitarian organisation warns that gaps in funding could leave 25 million people in Ethiopia, Somalia and Kenya at risk of "extreme hunger". The UN called the drought "the worst in four decades." It is the result of three consecutive poor rainy seasons, which have been disastrous for the largely pastoralist population in the affected areas. The IRC says severe and acute malnutrition are their highest rates on recent record in drought-affected areas in all three countries. The organisation urges additional financing to combat the effects, saying Somalia still needs 96pc of  the required funding to reach the targeted population with critical humanitarian aid. The figure is around 90pc in Kenya. Last month, Mustafe M. Omer, president of the Somali Regional State, the worst-hit region in Ethiopia, said the drought in the region has been successfully averted from becoming a famine.

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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...


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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...