Millions Under Severe Hunger Risk


Tens of millions in Ethiopia will face acute food shortages in three months if sufficient aid fails to arrive in time, warns a survey conducted by the Food & Agriculture Organisation (FAO). Over 2.1 billion dollars is needed to address agricultural, nutritional and food insecurities that could put the lives of more than 20 million people in a precarious situation. USAID pledged 1.2 billion dollars three months ago in aid to respond to food insecurity in the Horn of Africa, following the survey's release that 32 million people across Ethiopia, Somalia, and Kenya face severe hunger. FAO urged prioritising drought and conflict-affected populations through life-sustaining food and nutrition assistance. The survey found close to 13 million people in Northern Ethiopia are in desperate need of emergency food assistance, showing 18pc increase from last year. Recurrent drought, depleting foreign exchange reserves, resumption of the war, periodic fuel shortages, and a sharp currency depreciation due to the parallel market exacerbated the economic outlook for the country.


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New Unit to Oversee City Tax Audits

The Addis Abeba City Administration Revenues Bureau has launched a new work unit to ensure the quality of tax audit decisions through a re[1]auditing procedure. According to Adane Sule, the head of the bureau's office, the new audit quality assurance unit will seek to address gaps and malpractices that previously existed due to the absence of a similar body to verify tax audit decisions. He asserts that the unit's main goal is to re-audit decisions, verify their quality and relevance, and correc...


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Shipping Behemoth Beats Profit Target Despite Cargo Dip

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Customs Hits Revenue Target, Cracks Down on Smuggling

The Ethiopian Customs Commission announced that it has exceeded its revenue collection target for the first six months of the fiscal year. The Commission collected 203.75 billion Br, surpassing the planned 190.9 billion birr by 106.73pc, representing a 106.7 billion Br increase compared to the same period in the previous fiscal year. Commissioner Debele Kabeta noted that coordinated efforts with other institutions to prevent contraband contributed to the successful outcome, resulting in the seiz...