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




USAID Proffers $152m to Humanitarian Efforts

Apr 10 , 2021


[ssba-buttons]

International organisations have continued their efforts to alleviate the humanitarian crisis unfolding in the war-ravaged Tigray Regional State, where an estimated 4.5 million people require emergency assistance, with the United States Agency for International Development (USAID) providing more than 152 million dollars last week. The fund will be used to address hunger and acute malnutrition and for the provision of safe drinking water and urgently-needed medical and health support, disclosed a statement issued by the USAID. Provision of temporary shelters for the one million people who have fled from their homes due to the violent conflict between forces of the federal government and the Tigray People's Liberation Front (TPLF) is included as well. The latest donation brings the total amount of support from the United States to 305 million dollars. USAID had also deployed a Disaster Assistance Response Team (DART), which has been on the ground since the beginning of March, to lead the American response efforts.


Radar

Midroc Picks Austrian Firm for Metekel Plant Machinery

Midroc Gold Mining has contracted Austria-based CEMTEC (Cement & Mining Technology GmbH) to supply and install equipment for a new gold processing plant in Metekel Zone, Benishangul-Gumuz Regional State. Designed to process up to 1.25 million tn of gold-bearing ore a year, the facility is part of Midroc's expansion in the area. Under the agreement, CEMTEC will manufacture the plant's key processing machinery and install it at the Midroc Metekel Gold Plant. The equipment is scheduled for c...


Radar

Food Prices Push Inflation to 15.3pc

Ethiopia's inflation rate rose to 15.3pc in July 2026 from 13.7pc in the same month last year, reaching its highest level in the 13-month period covered by Ethiopian Statistics Service data. Food and non-alcoholic beverages exerted the greatest pressure on consumer prices, with inflation reaching 15.7pc. The increase was driven largely by higher prices for vegetables, meat, dairy products and eggs, fruit, oil and butter, sugar, honey and chocolate, bread and injera. Sugar, honey and chocol...


Radar

State Enterprises Post Revenue Gains in EIH Review

Ethiopian Investment Holdings (EIH) concluded the fourth day of its 2025/26 EFY Annual Performance Dialogue at its headquarters, reviewing key state-owned enterprises overseen by Deputy CEO Habtamu Hailemichael. The dialogue began on August 24, 2026, with the Development Bank of Ethiopia recording a 60pc increase in operating income to 15.9 billion Br. Despite structural and operational difficulties, Ethiopian Mineral Corporation reported year-on-year revenue growth of 48pc to 5.7 billion dol...