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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

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...