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Resilience Financing Proposal Targets Water Systems, Agriculture, Institutions


Resilience Financing Proposal Targets Water Systems, Agriculture, Institutions

Ethiopia and Japan are backing a 58.1 million dollar climate resilience initiative, with 50 million dollar expected from the Green Climate Fund, positioning the facility at the center of Ethiopia’s adaptation financing drive. The proposed Climate Resilience & Adaptation among Livelihoods in Ethiopia (CRADLE) program, led by the United Nations Development Programme (UNDP) in partnership with the United Nations High Commissioner for Refugees (UNHCR), featured prominently in talks held in Addis Abeba on April 24 between State Minister of Finance Semereta Sewasew and Japanese Ambassador Atsuyuki Oike. Designed to support communities facing mounting environmental shocks, the program would finance climate-resilient water systems, watershed restoration and sustainable agriculture, while strengthening institutional capacity. Officials agreed to accelerate technical preparations and submit the proposal to the Green Climate Fund Board before the end of 2026.

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Radar

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...