Public Management

Ethiopia: EU backs humanitarian efforts with $64mln

Ethiopia: EU backs humanitarian efforts with $64mln
Tuesday, 20 April 2021 04:00

Ethiopia will benefit from $64 million provided by the European Union to pursue its assistance to needy people. The information was reported in an April 19 statement by the institution.

Once the funds are available, they will go for humanitarian assistance initiatives towards people affected by conflicts and climate shocks, including displaced people and host communities. Stressing the importance of this program, Janez Lenarčič, EU Commissioner for Crisis Management, said the conflict in the Tigray region has exacerbated an already-difficult situation in the Horn of Africa country. "Humanitarian needs - even basic survival needs like food security, health and shelter -- are growing,” he said.

This new allocation is intended to reinforce the efforts already made by the EU for humanitarian aid in Ethiopia, particularly in the context of the conflict in Tigray. In 2020, the funding mobilized by the institution for the country reached $77.2 million.​_

Let’s note that the money will also be used to improve the provision of basic needs for the most vulnerable of Ethiopia's 770,000 refugees from other African countries.

Carine Sossoukpè (intern)

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Ghana enacts the VASP Bill 2025 to regulate digital assets under the Bank of Ghana, ending years of legal and regulatory ambiguity. The law mandates...
Sanlam Maroc takes a stake in Woliz, a local retail tech startup The deal marks Sanlam’s first long-term private equity venture in Morocco Investment...
Treasury securities issuance reached CFA5,272.8 billion from January to October Bond issues exceeded Treasury bills, signaling a shift to longer-term...
US strikes in Sokoto test Nigeria's financial stability, causing Eurobond yields to surge and investor risk premiums to rise sharply. The Naira...
Most Read
01

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
02

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
03

Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...

Beyond Online Checkouts: Apple Pay Finds a Second Row into Nigeria via Nomba
04

Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...

Safaricom and Airtel Money Licensed to Facilitate Capital Markets Access in Kenya
05

MTN Zambia launched a Mastercard-powered virtual card enabling secure global online payments for u...

MTN MoMo, Mastercard Partner in Zambia to Boost Global Payments
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.