Fed to Receive $15M Lifeline for Urgent Humanitarian Relief

Sep 1 , 2024


[ssba-buttons]

The United Nations has allocated 15 million dollars to Ethiopia from its Central Emergency Response Fund (CERF) for urgent relief to millions facing hunger, displacement, disease outbreaks, and climate-related disasters. It is expected to support critical interventions, including food assistance, shelter, health services, and protection efforts, particularly in areas severely affected by conflict and natural disasters. Ethiopia is among the top recipients in this latest funding round, second only to Yemen, which is set to receive 20 million dollars. The fund is part of a broader 100-million-dollar package aimed at addressing underfunded humanitarian crises around the globe. It comes amidst a worsening global funding outlook for humanitarian emergencies. Joyce Msuya, acting under secretary general for Humanitarian Affairs & Emergency Relief Coordinator, said lack of funding prevents aid agencies from reaching people who need life-saving assistance, stressing the importance of CERF as a crucial emergency fund when other humanitarian financing falls short. Managed by the UN Office for the Coordination of Humanitarian Affairs (OCHA), CERF has been a lifeline for those in dire need since its inception in 2005, disbursing over 9.3 billion dollars to support emergency responses in more than 110 countries. This includes over 3.2 billion dollars allocated specifically for underfunded crises like the current one in Ethiopia.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...