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




Ukraine Grain Reaches East Africa Amid Drought

Dec 10 , 2022


[ssba-buttons]

The first shipment of grain as part of Ukraine’s initiative to supply countries in need arrived in Djibouti earlier last week for delivery to Ethiopia amid the region’s worst drought in decades. Ukraine’s Embassy in Ethiopia confirmed that the “Grain from Ukraine” shipment of 25,000tns is separate from a United Nations World Food Program (WFP) effort that has funded humanitarian grain shipments from Ukraine. An Embassy statement said that a second ship with 30,000tns of wheat would be heading to Ethiopia next week, while a third vessel is currently being loaded with 25,000tns of wheat bound for Somalia. Ukraine’s President Volodymyr Zelensky last month announced the initiative aimed at helping “countries the most struck by the food crisis.” Ukraine has said it plans to send more than 60 ships to Ethiopia, Sudan, South Sudan, Somalia, Congo, Kenya, and Yemen. Millions of people in Ethiopia, Somalia and Kenya are going hungry due to drought following the fifth straight failed rainy season, while conflicts in Ethiopia and Somalia have worsened the crisis. Ethiopia has not yet commented on the new grain shipment from Ukraine. But Prime Minister Abiy Ahmed in August criticized reports of a U.N. effort to ship grain from Ukraine to Ethiopia as an attempt to paint “a picture that we are starved.” (AP)


Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...