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 Launches $70m Fight Against Malnutrition

Feb 10 , 2024


[ssba-buttons]

A 70 million-dollar project to fight against malnutrition in Ethiopia was launched by the US Agency for International Development (USAID) last week. Dubbed "Feed the Future", the project will be implemented by Family Health International 360(FHI 360), a non-profit human development organization for women and children in 155 Woredas in Afar, Amhara, Oromiya, Sidama, Somalia, and the Southern Regional States. Lia Tadesse(MD), on her last day as a minister of Health, inaugurated the project alongside USAID's mission director, Scott Hocklander, at the Sky Light Hotel on Airport Rd. The minister revealed six months ago that pervasive thefts of therapeutic foods and nutritional supplements intended for malnourished children are critically undermining efforts to provide life-saving assistance to millions nationwide. With Malnutrition becoming a widespread issue, Scott hailed the project's ambitious goal to break the intergenerational malnutrition plight in Ethiopia. A report published by the United Nations last year revealed 34pc of Ethiopian children under five suffer from stunting, while 6.2pc are victims of wasting. A staggering  28pc of child deaths in the country are associated with under-nutrition, while 21pc are underweight.


Radar

Annual U.S.–Ethiopia Real Estate Expo to Debut in July

Harvest Circle Inc., a U.S.-based organisation, will launch the first annual U.S.-Ethiopia Real Estate & Construction Expo in July 2026. The event will bring together Ethiopian and U.S. real estate developers, construction firms, banks, insurers, property managers, and investors to explore partnership, financing, and investment opportunities. Organisers say the platform seeks to promote private sector-led urban development, facilitate diaspora investment, and expand market access for Ethiop...


Radar

Addis Abeba Housing Bureau Warns Landlords against Illegal Rent Hikes, Threatens Legal Action

The Addis Abeba Housing Development and Administration Bureau has issued a warning to landlords attempting to impose unauthorised rent increases or carry out unlawful evictions as the residential leasing cycle nears its statutory June 30 deadline. The warning follows reports of landlords pressuring tenants to vacate properties under claims of personal use or sale, alongside demands for steep rent hikes, according to comments made to state media. Kidist W. Giorgis, Head of the Bureau, said...


Radar

Development Bank Turns Corner as Profit Hits Eight Billion Br

The Development Bank of Ethiopia (DBE) posted a gross profit of eight billion Br in the first nine months of the fiscal year while repaying 15.6 billion Br in outstanding debt. Total income reached 17.3 billion Br, exceeding its target by 12pc. Presenting its performance to the House of Peoples' Representatives Standing Committee for Government Development Organizations, the bank highlighted progress from ongoing reforms, including reducing its non-performing loan ratio to 13.4pc, below the Nati...