Millions Under Severe Hunger Risk


[ssba-buttons]

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.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...