USAID Proffers $152m to Humanitarian Efforts

Apr 10 , 2021


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

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


Radar

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


Radar

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...