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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

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...