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




WHO Warns of Drought-Induced Health Crisis

Aug 6 , 2022


[ssba-buttons]

The World Health Organization (WHO) warns of looming acute hunger in the Horn of Africa. The agency estimates that over 37 million people in the region are experiencing one of the worst famines recorded over the last 70 years. Countries affected include Somalia, Sudan, Djibouti, South Sudan, Uganda, Ethiopia, and Kenya. Approximately seven million children under the age of five are acutely malnourished in the region. The WHO is appealing for 123.7 million dollars in funding to respond to rising health needs and prevent a food crisis from turning into a health crisis. Last month, the United Nations Children's Fund (UNICEF) warned the drought in Ethiopia's east and south could turn into a full-blown famine without immediate action. The agency says it is facing difficulties in sourcing financing and aid to back its humanitarian operations in the drought-stricken regions. It reports that severe acute malnutrition has risen sharply in these areas. There has been a 47pc increase in the Somali Regional State, according to UNICEF.


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...