Public Management

The U.S. announces nearly US$500 mln in Aid to Ethiopia

The U.S. announces nearly US$500 mln in Aid to Ethiopia
Wednesday, 27 July 2022 16:39

The aid, which comes after a US$476 million assistance granted to Somalia, is announced by Washington at a time when the Head of Russian diplomacy, Sergei Lavrov is visiting Ethiopia.  

The U.S. will provide an additional US$488 million in assistance to Ethiopia. The assistance was announced in a statement issued by the U.S. embassy in Addis Ababa, Ethiopia, on Wednesday, July 27. 

The assistance will be disbursed through the U.S. Agency for International Development (USAID).  It aims to address the humanitarian crisis ongoing in Ethiopia. It will specifically help address the unprecedented drought that threatens the survival of 8.1 million people, according to USAID figures. 

Part of the funds will also help provide emergency food assistance to millions of food-insecure people while another part will help reduce child malnutrition and support the resilience of the population and agricultural producers.  It will also improve water supply and emergency healthcare as well as protect women and children against gender-based violence.  

This aid comes after USAID Administrator Samantha POWER announced that on July 19,  the U.S. would provide about US$1.2 billion in assistance to Somalia, Kenya, and Ethiopia, to address immediate humanitarian needs in East Africa. The USAID stressed that US$476 would go to Somalia. 

In some drought-affected parts of [Ethiopia], armed conflict is limiting access to food and income, while the rising cost of food, fuel, and fertilizer exacerbated by Russia’s unprovoked and unjustified invasion of Ukraine is making it more difficult for families to afford the essentials they need,” the US embassy to Addis Ababa indicates. 

The assistance is announced at a time when Russian Foreign Minister Sergei Lavrov landed in Ethiopia yesterday, July 26, in the framework of an African tour aimed at strengthening Russia’s links with its African partners.

Let’s note that in May 2022, the United States of America announced economic and security assistance restrictions against Ethiopia due to the months-long conflict in Tigray. Humanitarian assistance was not affected, however. 

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
I&M Group raises stake in I&M Bank Tanzania to 95.5% Deal follows exit of Proparco and MEAL after 15 years Group bets on growth in...
SEC sharply increases capital thresholds across the securities industry Brokers, asset managers, issuers, and digital asset firms face higher...
PCM Capital Partners sold its entire 10.6% stake in First Atlantic Bank following an oversubscribed IPO on the Ghana Stock Exchange. The...
Libya’s central bank cut the dinar by 14.7% to 6.37 per dollar, marking the second devaluation in less than a year. Authorities cited unchecked...
Most Read
01

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
02

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
03

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
04

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
05

Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...

Tether and UNODC Launch Digital Asset Cybersecurity Initiative in Africa
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.