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World Bank, Fed Agree on $715m in Funds to Fight Food Insecurity


World Bank, Fed Agree on $715m in Funds to Fight Food Insecurity

The World Bank Group and the Ministry of Finance have signed an agreement for 715 million dollars to go towards fighting food insecurity. Most of the financing (600 million dollars) is earmarked for the implementation of a Food Systems Resilience Programme. A third of the amount is in the form of grants, while the balance is credit. An additional 115 million dollars is pledged for improving access to financial services and bolstering economic activity in pastoralist areas. The areas targeted are mostly in the country's south and east, where a severe drought has put millions of people at risk of starving. Earlier this month, the World Food Programme (WFP) warned the Horn of Africa could face "unprecedented" levels of food insecurity in 2023. The UN agency said armed conflict, climate change, drought, and supply disruptions brought on by Russia's war in Ukraine bode ill for the region. Two months ago, the World Bank provided the federal government a 300 million dollar grant to help people affected by the armed conflict in the country's north.

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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...


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

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Development Bank Turns Corner as Profit Hits Eight Billion Br

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