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UN Report Foresees Growing Food Insecurity in Horn

Jul 23 , 2022

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A study backed by the World Food Programme (WFP) and the Food & Agriculture Organisation (FAO) predicts that over 50 million people in East Africa will face acute food insecurity this year. An estimated 20 million people across Ethiopia, Somalia, South Sudan, and Kenya are thought to already be experiencing severe hunger and food insecurity. The situation is the result of what the UN called "the worst drought in four decades", armed conflict, and rising global food prices as a result of Russia's war in Ukraine. Last week, the United States Agency for International Development (USAID) pledged 1.2 billion dollars in aid to fight food insecurity in the Horn of Africa.

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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...

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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...

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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...

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