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WFP Warns Drought, Conflict Threaten Severe Food Insecurity in Horn


WFP Warns Drought, Conflict Threaten Severe Food Insecurity in Horn

The World Food Programme (WFP) warns the Horn of Africa could face "unprecedented" levels of food insecurity in 2023. The UN agency says armed conflict, climate change, a crippling drought, and supply disruptions brought on by Russia's war in Ukraine bode ill for the region.  "The drought situation . . . is desperate and extraordinary," said David Beasley, executive director of the WFP, after a visit to the Somali Regional State last week. A statement released by the WFP last week says that over seven million people wake up hungry in southern and eastern Ethiopia every day due to what the UN called "the worst drought in four decades" brought on by three consecutive poor rainy seasons. Millions more face similar conditions in neighbouring Somalia and Kenya. The UN says its faces a 338 million dollar gap in financing needed to reach an estimated 9.4 million people in need of aid in the Tigray, Amhara and Afar regional states. The conflict in Ukraine has pushed global food prices to new highs and threatens food security in the developing world. Russia and Ukraine account for nearly a third of global wheat exports.

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Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...