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Ethiopia Archives - Inside Business Africa
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Tag: Ethiopia

Ethiopia: MSF Forced to Suspend Majority of Activities Amid Enormous Needs

Ethiopia: MSF Forced to Suspend Majority of Activities Amid Enormous Needs

Business, Economy
The international medical humanitarian organization Doctors Without Borders/Médecins Sans Frontières (MSF) has suspended all activities in the Amhara, Gambella, and Somali regions of Ethiopia, as well as in the west and northwest of the Tigray region, for a period of three months, in order to comply with an order from the Ethiopian Agency for Civil Society Organizations (ACSO) first issued on July 30. Upon receipt of the order, MSF undertook all required action to comply with ACSO’s request while their investigation is ongoing, including suspending all medical and humanitarian programs for three months. With short notice, patients have been discharged from MSF clinics, leaving people in these locations with even more limited access to health care. A team of nearly 1,000 Ethiopian ...
United States Strengthens Efforts to Fight Famine in Tigray, Ethiopia with More Than $149 million in Additional Humanitarian Assistance

United States Strengthens Efforts to Fight Famine in Tigray, Ethiopia with More Than $149 million in Additional Humanitarian Assistance

Economy
In response to growing needs in Ethiopia’s Tigray region, the United States is providing more than $149 million in additional humanitarian assistance, including more than $105 million from the United States Agency for International Development (USAID). The United States is the largest single donor of humanitarian aid to the Tigray response efforts, providing nearly $637 million since the conflict began. USAID’s funding will address life-threatening hunger by providing more than 172,000 metric tons of wheat, yellow split peas, and vegetable oil—enough to feed five million people for nearly two months. This food is desperately needed and the Government of Ethiopia must allow it to reach Tigray. This assistance will also support case management for survivors of gender-based violence; trai...
IOM Ethiopia Appeals for USD 40 Million to Assist Additional 1.6 Million People in Northern Ethiopia

IOM Ethiopia Appeals for USD 40 Million to Assist Additional 1.6 Million People in Northern Ethiopia

Innovation
Nearly two million people affected by the crisis in northern Ethiopia desperately need life-saving assistance, including water, medicine and shelter, the International Organization for Migration (IOM) said today as it issued an urgent appeal for USD 40 million to help internally displaced men, women and children, including newborn babies.  Since the outbreak of the conflict eight months ago in Ethiopia’s Tigray Regional State, millions of people are enduring unimaginable suffering, including forced displacement, hunger, death, and destruction of private and public property.   In Tigray, IOM has been providing support to more than half a million people, including displaced children, women, men, and vulnerable groups such as pregnant women and persons with disabilities....
Ethiopia debt restructuring plan faces hurdles of transparency

Ethiopia debt restructuring plan faces hurdles of transparency

Economy
Ethiopia’s plan to seek debt restructuring under a G20 common framework agreed in November triggered a sell-off in African debt at the end of January on fears of a contagion effect. The framework enables debtor countries to seek an IMF programme to strengthen their economies and renegotiate their debts with public and private creditors. But such a debt restructuring for Ethiopia would face barriers due a lack of transparency, analysts say. Any attempt to reconcile balance of payments and published public external debt figures with underlying debt-creating flows shows information gaps and supports “a narrative of opaque lending”, argues Irmgard Erasmus, senior financial economist at NKC African Economics in Cape Town. Along with Djibouti and Zambia, Ethiopia’s dealings with Ch...