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



UN Food Agency Cuts Refugee Rations as Funding Crisis Deepens


UN Food Agency Cuts Refugee Rations as Funding Crisis Deepens

The UN World Food Programme (WFP) has reduced food rations for 780,000 refugees across 27 camps in Ethiopia, cutting allocations from 60pc to 40pc, leaving recipients with less than 1,000 calories a day. Only 70,000 newly arrived refugees from Sudan and South Sudan will continue to receive full rations for six months. “We are making impossible choices,” said Zlatan Milisic, WFP’s Country Director in Ethiopia. “Without additional funds, we risk halting food distributions entirely.” The agency requires 230 million dollars to sustain its operations over the next six months. Supplies of specialised nutritious foods for one million malnourished children and mothers are expected to run out by December if funding gaps persist. In Somali region, WFP and the government are supporting 700,000 people affected by drought and floods. Between January and October 2025, the agency assisted 4.7 million people nationwide through food aid, school meals, and resilience programs. Ongoing insecurity in Amhara continues to hinder field operations.

[ssba-buttons]

Radar

Prime Capital Joins ESX, Seeks Securities Dealership Licence

Prime Capital has secured trading membership on the Ethiopian Securities Exchange (ESX) and is pursuing a securities dealership licence to expand its brokerage and investment banking services, according to Head of Business Development and Marketing Fikremarkos. The firm received its trading membership after obtaining an investment banking licence from the Ethiopian Capital Market Authority (ECMA) and meeting all ESX requirements. The licence authorises Prime Capital to execute securities tran...


Radar

Parliament Ratifies Tax Amendment, Assigns PMO to Lead Conciliation, Imposes 10pc Penalty on Late Evidence

The Prime Minister's Office will appoint independent tax conciliators while taxpayers face a 10pc penalty for late evidence under the Federal Tax Administration Amendment ratified by Parliament last week. By shifting the selection of “conciliators” from the tax authority to the PMO, authorities aim to establish a neutral dispute-resolution system to speed up out-of-court settlements. Experts describe the move as a high-stakes reform with notable institutional risks. The legislation, pa...


Radar

ZamZam Bank Registers Shares, Eyes Capital Market Debut

ZamZam Bank has secured approval from the Ethiopian Capital Market Authority (ECMA) to register its shares, becoming the first fully interest-free bank to complete the regulatory process for public trading. The approval covers five million existing shares worth five billion Br and one million bonus shares valued at one billion Br, paving the way for the Bank's future participation in Ethiopia's capital market. ZamZam plans to raise its capital to 15 billion Br and introduce Sharia-compliant i...