US Pledges $10m for Locust Outbreak Fight

Mar 7 , 2020

The United States, through its aid department USAID, has pledged 10 million dollars to support operations to control the swarms of locusts in Ethiopia, Kenya and Somalia. The donation comes three weeks after United States Secretary of State Mike Pompeo announced the first eight million dollars in support. During his three-day visit to Ethiopia, he announced the pledge to tackle the desert locust outbreak in East Africa. The new aid is expected to have a positive impact on affected communities in Ethiopia and throughout the Horn of Africa. The current outbreak of desert locusts is the worst to hit East Africa in decades. The insects have infested the region and are eating their way through vegetation and livestock pastures. The current funding will support locust detection, surveillance and control operations across the region, which include ground-based and aerial efforts. Over the past five years, the United States has been the largest bilateral donor to Ethiopia and has invested four billion dollars to help people across the country lead healthier and more prosperous lives.


Addis Chamber Embarks on Leadership Forum

A leadership forum where prominent executives will share their experiences in the business environment is organised by the Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) and SAK Training & Consultancy Firm. Headlining Arega Yirdaw (PhD), president of Unity University, who is expected to address the fortunes and adversities of the leadership ecosystem and share insights into his cascade of experiences, the first round is expected to set off at the Inter-luxury H...


Wegagen Bank Launches its Mobile App

Embracing the digital realm, Wegagen Bank officially launched its mobile banking application last week. The App was inaugurated in Dire Dewa City, with Yehwalashet Zewdu, vice president of the Bank Enterprise Services, showcasing its service that provides secure and seamless financial services. According to Yehwalashet, Wegagen Mobile meets the evolving needs of its clientele in Amharic, English, Afan Oromo, Tigrigna and Somali languages. Incorporated in 1997, Wegagen Bank has grown to become...


Zemen Bank Joins IFC's Trade Finance Program with $30m Boost

Zemen Bank has secured a 30 million dollar trade finance guarantee from the International Finance Corporation (IFC) to boost the trade finance operations. A member of the World Bank Group, IFC has welcomed Zemen as the newest member of its Global Trade Finance Program aimed at supporting exports and imports. Signed by Dereje Zenebe, president of Zemen Bank and Madalo Minofu, country manager of IFC, the trade financing is part of the one-billion-dollar Africa Trade & Supply Chain Finance P...