Sudan's War Heighten the Humantarian Crises in Ethiopia

Jun 3 , 2023

Over 18,000 children under five and more than 4,000 women in displacement sites in Amhara Regional State require supplementary feeding due to malnutrition, according to United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA). The ongoing conflict in neighbouring Sudan has also forced 48,000 border crossings into the regional state, further putting pressure on the struggling social infrastructure. With the North still recovering from the two-year war,  there is an ongoing widespread shortage of medical supplies in the Afar Regional State. Over the past few weeks, almost 19.5tn of medical supplies were dispatched to over 400,000 patients in need of immediate relief. The UN office indicates that about 20 million people in the country require food assistance. The report also highlights "a worsening humanitarian situation" in Western Oromia Regional States, with 800,000 displaced people. As funding for the Humanitarian Response Plan envisaged by the Office is still lagging, having only met 20pc of the four billion dollars required, a sustained demand for funding from developed nations is indicated within the report. It concludes by stressing the urgency to secure additional funding to tackle both the escalating humanitarian crisis caused by the war in Sudan as well as fulfil the prior funding needs for Ethiopia.


Addis Chamber Embarks on Leadership Forum

A leadership forum where prominent executives will share their experiences in the business environment is organised by the Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) and SAK Training & Consultancy Firm. Headlining Arega Yirdaw (PhD), president of Unity University, who is expected to address the fortunes and adversities of the leadership ecosystem and share insights into his cascade of experiences, the first round is expected to set off at the Inter-luxury H...


Wegagen Bank Launches its Mobile App

Embracing the digital realm, Wegagen Bank officially launched its mobile banking application last week. The App was inaugurated in Dire Dewa City, with Yehwalashet Zewdu, vice president of the Bank Enterprise Services, showcasing its service that provides secure and seamless financial services. According to Yehwalashet, Wegagen Mobile meets the evolving needs of its clientele in Amharic, English, Afan Oromo, Tigrigna and Somali languages. Incorporated in 1997, Wegagen Bank has grown to become...


Zemen Bank Joins IFC's Trade Finance Program with $30m Boost

Zemen Bank has secured a 30 million dollar trade finance guarantee from the International Finance Corporation (IFC) to boost the trade finance operations. A member of the World Bank Group, IFC has welcomed Zemen as the newest member of its Global Trade Finance Program aimed at supporting exports and imports. Signed by Dereje Zenebe, president of Zemen Bank and Madalo Minofu, country manager of IFC, the trade financing is part of the one-billion-dollar Africa Trade & Supply Chain Finance P...