FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




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

Coffee Export Platform Links Ethiopian Roasters with Overseas Consumers

Ethiopian coffee roasters have gained a direct route to international consumers through a multi-brand e-commerce export platform launched by DHL Express Ethiopia and EXM Global PLC. The companies say it is the first platform of its kind in Ethiopia. Bringing together 10 Ethiopian coffee brands in a single digital marketplace, the platform enables overseas customers to order freshly roasted coffee in quantities ranging from speciality retail purchases to larger commercial volumes. DHL Express...


Radar

Addis Abeba Clears 59Km of Rivers, Remains Short of Halfway

Addis Abeba has completed 59Km of river cleanup and development work, although total coverage has yet to reach 50pc. Mayor Adanech Abebe said the 59Km stretch was transformed in one and a half years as she presented a comprehensive review of the city's strategic plan from 2022 to 2026. Mayor Abebe described the progress as a major "breakthrough", saying the work relied entirely on the city's funding, engineers, architects and workers. By comparison, she said, a world-renowned foreign contract...


Radar

Kisse Platform Brings Collateral-Free Microloans Through Agent Network

Mefithe Microfinance S.C., MZ Tech, and Arifpay Financial Technologies S.C. have launched “Kisse”, an agent-powered digital microloan platform designed to expand access to finance for micro and small enterprises. Through trained local agents, borrowers can apply for collateral-free, short-term business loans. Once approved, the funds are transferred to mobile wallets or bank accounts through Arifpay's payment gateway. The partners said loans can be disbursed within hours. Under the par...