News: ‘People earning wages in #birr saw their incomes decimated’: Former WB president says #Ethiopia’s currency reforms deepened poverty
Former #World_Bank President David Malpass has said that Ethiopia's currency devaluations and exchange-rate reforms have significantly worsened poverty, saying people paid in birr “saw their incomes decimated” while a narrow group benefited from privileged access to foreign exchange and local-currency loans.
Using Ethiopia as one of his principal case studies in his policy research paper presented at Stanley Fischer Memorial Lecture: Public Debt and Central Banks, Policy Research Working Paper Malpass described the country as possessing “huge growth potential,” citing its agricultural land, natural resources, water, favorable climate and “raw human talent.” He noted that the World Bank has financed about 200 projects in Ethiopia, with 43 still ongoing, but said the country's per capita income remains around USD 1,100, making it “......
https://addisstandard.com/?p=58652
Former #World_Bank President David Malpass has said that Ethiopia's currency devaluations and exchange-rate reforms have significantly worsened poverty, saying people paid in birr “saw their incomes decimated” while a narrow group benefited from privileged access to foreign exchange and local-currency loans.
Using Ethiopia as one of his principal case studies in his policy research paper presented at Stanley Fischer Memorial Lecture: Public Debt and Central Banks, Policy Research Working Paper Malpass described the country as possessing “huge growth potential,” citing its agricultural land, natural resources, water, favorable climate and “raw human talent.” He noted that the World Bank has financed about 200 projects in Ethiopia, with 43 still ongoing, but said the country's per capita income remains around USD 1,100, making it “......
https://addisstandard.com/?p=58652
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News: #Tigray authorities claim new fighting erupts in #Western_Tigray
Tigray authorities have accused the #Ethiopian federal government of launching a new military offensive in Western Tigray, alleging that fighting began early Friday, 1 August, in the direction of Shererina in Western Tigray zone.
In a statement issued on Saturday, the Tigray People’s Liberation Front (#TPLF)-led administration in Tigray claimed that the federal government had “launched an open war” in Western Tigray Zone, citing what it described as renewed military activity in the area.
https://addisstandard.com/?p=58664
Tigray authorities have accused the #Ethiopian federal government of launching a new military offensive in Western Tigray, alleging that fighting began early Friday, 1 August, in the direction of Shererina in Western Tigray zone.
In a statement issued on Saturday, the Tigray People’s Liberation Front (#TPLF)-led administration in Tigray claimed that the federal government had “launched an open war” in Western Tigray Zone, citing what it described as renewed military activity in the area.
https://addisstandard.com/?p=58664
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#Ethiopia’s richest billionaire, Mohammed Al-Amoudi returns to the $10 billion club after a $1.7 billion wealth surge
Mohammed Al-Amoudi, Ethiopia’s richest businessman, has returned to the ranks of the world’s wealthiest people after his fortune climbed to $10.1 billion, according to the Bloomberg Billionaires Index.
The latest ranking, published on 1 August, places the Saudi-Ethiopian billionaire at No. 375 globally. His net worth has risen by $1.67 billion, or 19.7%, since the start of the year, including a $33.7 million increase in the latest daily update.
The rebound reinforces Al-Amoudi’s position as Ethiopia’s wealthiest individual and reflects stronger valuations across parts of his industrial, infrastructure and energy investments.
https://africa.businessinsider.com/local/markets/ethiopias-richest-billionaire-mohammed-al-amoudi-returns-to-the-dollar10-billion-club/b4wft04
Mohammed Al-Amoudi, Ethiopia’s richest businessman, has returned to the ranks of the world’s wealthiest people after his fortune climbed to $10.1 billion, according to the Bloomberg Billionaires Index.
The latest ranking, published on 1 August, places the Saudi-Ethiopian billionaire at No. 375 globally. His net worth has risen by $1.67 billion, or 19.7%, since the start of the year, including a $33.7 million increase in the latest daily update.
The rebound reinforces Al-Amoudi’s position as Ethiopia’s wealthiest individual and reflects stronger valuations across parts of his industrial, infrastructure and energy investments.
https://africa.businessinsider.com/local/markets/ethiopias-richest-billionaire-mohammed-al-amoudi-returns-to-the-dollar10-billion-club/b4wft04
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News: #Ethiopia says it will continue supporting AU efforts in #Somalia amid uncertainty over mission's future
Ethiopia has reaffirmed its commitment to supporting peace and security in Somalia, as uncertainty deepens over the future of the #African_Union Support and Stabilization Mission in Somalia (#AUSSOM) following the United States' decision to end critical logistical funding for the mission.
According to Ethiopia's Ministry of Foreign Affairs, the country made the pledge during the Extraordinary Summit of Heads of State and Government of troop-contributing countries to AUSSOM, held on Friday in #Kampala, #Uganda.
https://addisstandard.com/?p=58658
Ethiopia has reaffirmed its commitment to supporting peace and security in Somalia, as uncertainty deepens over the future of the #African_Union Support and Stabilization Mission in Somalia (#AUSSOM) following the United States' decision to end critical logistical funding for the mission.
According to Ethiopia's Ministry of Foreign Affairs, the country made the pledge during the Extraordinary Summit of Heads of State and Government of troop-contributing countries to AUSSOM, held on Friday in #Kampala, #Uganda.
https://addisstandard.com/?p=58658
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News: #Tigray authorities claim new fighting erupts in #Western_Tigray
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#Egypt, #Sudan, #Djibouti, #Eritrea and #Somalia join Saudi-led #Red_Sea, #Gulf_of_Aden maritime alliance of eight countries
#Saudi_Arabia is assembling a new multinational maritime defence coalition bringing together eight Red Sea and Gulf of Aden states, including Egypt, Sudan, Djibouti, Eritrea and Somalia, as regional tensions and disruptions to commercial shipping intensify.
The proposed alliance comprises Saudi Arabia, #Jordan, #Yemen and the five African states, with the Saudi Defence Ministry saying it aims to strengthen coordination among countries bordering the Red Sea and protect international maritime corridors, commercial and energy routes, and collective maritime interests.
https://www.facebook.com/share/1Rtd5e43WG/?mibextid=wwXIfr
#Saudi_Arabia is assembling a new multinational maritime defence coalition bringing together eight Red Sea and Gulf of Aden states, including Egypt, Sudan, Djibouti, Eritrea and Somalia, as regional tensions and disruptions to commercial shipping intensify.
The proposed alliance comprises Saudi Arabia, #Jordan, #Yemen and the five African states, with the Saudi Defence Ministry saying it aims to strengthen coordination among countries bordering the Red Sea and protect international maritime corridors, commercial and energy routes, and collective maritime interests.
https://www.facebook.com/share/1Rtd5e43WG/?mibextid=wwXIfr
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#Ethiopia launches nationwide campaign to plant 800 million tree seedlings in one day
The Ethiopian government today launched its annual Green Legacy Initiative, aiming to plant 800 million tree seedlings nationwide in a single day as part of its 2026 rainy-season target of planting more than eight billion seedlings.
Launched in 2019 under Prime Minister Abiy Ahmed, the initiative became as a flagship environmental campaign aimed at restoring degraded land, expanding forest cover, strengthening climate resilience, improving water resources and food security, and increasing carbon sequestration.
Officials say the campaign builds on previous mass tree-planting drives, with cumulative plantings since 2019 reported in the tens of billions. This year’s effort, held under the theme "Let Us Plant Hope," is expected to involve millions of participants, including government institutions, schools, communities, and Ethiopian diplomatic missions abroad.
Today’s nationwide campaign is underway across the country.
The Ethiopian government today launched its annual Green Legacy Initiative, aiming to plant 800 million tree seedlings nationwide in a single day as part of its 2026 rainy-season target of planting more than eight billion seedlings.
Launched in 2019 under Prime Minister Abiy Ahmed, the initiative became as a flagship environmental campaign aimed at restoring degraded land, expanding forest cover, strengthening climate resilience, improving water resources and food security, and increasing carbon sequestration.
Officials say the campaign builds on previous mass tree-planting drives, with cumulative plantings since 2019 reported in the tens of billions. This year’s effort, held under the theme "Let Us Plant Hope," is expected to involve millions of participants, including government institutions, schools, communities, and Ethiopian diplomatic missions abroad.
Today’s nationwide campaign is underway across the country.
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News: Hundreds flee into #Sudan after fighting erupts in western Tigray; clashes end after day-long battle: AFP
Hundreds of people from #Ethiopia's Tigray region fled into neighboring Sudan after fighting involving heavy artillery and drones erupted in #western_Tigray near the Sudanese border on Saturday, AFP reported, citing Sudanese security, medical, and local sources.
The clashes between the Ethiopian National Defense Force (#ENDF) and Tigray forces later ended the same day, according to local and security sources quoted by the news agency.
https://addisstandard.com/?p=58671
Hundreds of people from #Ethiopia's Tigray region fled into neighboring Sudan after fighting involving heavy artillery and drones erupted in #western_Tigray near the Sudanese border on Saturday, AFP reported, citing Sudanese security, medical, and local sources.
The clashes between the Ethiopian National Defense Force (#ENDF) and Tigray forces later ended the same day, according to local and security sources quoted by the news agency.
https://addisstandard.com/?p=58671
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#Ethiopia launches nationwide campaign to plant 800 million tree seedlings in one day
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At least 14 worshippers killed, seven injured in landslide at Tsadqane Debre Mitmaq St. Mary Monastery in North Shewa Zone of #Ethiopia's #Amhara region
The North Shewa Zone Administration said 14 worshippers were killed and seven others injured following a landslide triggered by what authorities described as a sudden tremor at Tsadqane Debre Mitmaq St. Mary Monastery in North Shewa Zone of Ethiopia's Amhara region.
According to the administration, five of the injured sustained serious injuries, while two suffered minor injuries. The victims were taken from the scene as emergency responders carried out search, rescue, and medical operations.
In a statement, the administration expressed its condolences to the families of those who lost their lives and wished a speedy recovery to the injured. It also commended North Shewa Zone officials, the district administration led by Chief Admin. Yemanebirhan Tesfa, security personnel, healthcare workers, & local residents
https://x.com/addisstandard/status/
The North Shewa Zone Administration said 14 worshippers were killed and seven others injured following a landslide triggered by what authorities described as a sudden tremor at Tsadqane Debre Mitmaq St. Mary Monastery in North Shewa Zone of Ethiopia's Amhara region.
According to the administration, five of the injured sustained serious injuries, while two suffered minor injuries. The victims were taken from the scene as emergency responders carried out search, rescue, and medical operations.
In a statement, the administration expressed its condolences to the families of those who lost their lives and wished a speedy recovery to the injured. It also commended North Shewa Zone officials, the district administration led by Chief Admin. Yemanebirhan Tesfa, security personnel, healthcare workers, & local residents
https://x.com/addisstandard/status/
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Hundreds flee into #Sudan after fighting erupts in western Tigray; clashes end after day-long battle: AFP
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News: WHO, University of #Gonder sign first of its kind two-year deal to launch health financing research in #Ethiopia
The World Health Organization (#WHO) Country Office in Ethiopia and the University of Gonder have signed a two-year Project Collaboration Agreement covering 2026–2027 to launch health financing research, institutional capacity, and evidence-informed policymaking in support of Ethiopia’s efforts to achieve Universal Health Coverage (#UHC), according to the WHO.
The agreement was signed on 28 July at the WHO Ethiopia Country Office and establishes a framework for joint research, capacity building, and policy dialogue on health financing. According to the WHO, it is the first collaboration of its kind between the organization and an Ethiopian university in the field of health financing, aimed at supporting the government’s ongoing health financing reforms through nationally led research and institutional partnerships.
https://addisstandard.com/?p=58684
The World Health Organization (#WHO) Country Office in Ethiopia and the University of Gonder have signed a two-year Project Collaboration Agreement covering 2026–2027 to launch health financing research, institutional capacity, and evidence-informed policymaking in support of Ethiopia’s efforts to achieve Universal Health Coverage (#UHC), according to the WHO.
The agreement was signed on 28 July at the WHO Ethiopia Country Office and establishes a framework for joint research, capacity building, and policy dialogue on health financing. According to the WHO, it is the first collaboration of its kind between the organization and an Ethiopian university in the field of health financing, aimed at supporting the government’s ongoing health financing reforms through nationally led research and institutional partnerships.
https://addisstandard.com/?p=58684
#Opinion: Beyond the Rhetoric: Does #Ethiopia’s $1.6B U.S. health deal match regional standards, promote long-term investment?
In December 2025, Ethiopia and the #United_States signed a five-year Health Cooperation Framework valued at up to $1.616 billion, aimed at strengthening healthcare systems and increasing domestic investment. While the agreement has been presented as a significant milestone, it has raised questions about transparency, policy autonomy, and long-term financing commitments.
In this op-ed, the author examines why Ethiopia, despite its larger population, secured substantially less funding than #Kenya under a comparable agreement.
He also challenges claims about progress in the health sector, arguing that "The real test of health sector leadership is not how eloquently commitments are announced... It is whether those promises are translated into measurable improvements in people's lives."
https://addisstandard.com/?p=58683
In December 2025, Ethiopia and the #United_States signed a five-year Health Cooperation Framework valued at up to $1.616 billion, aimed at strengthening healthcare systems and increasing domestic investment. While the agreement has been presented as a significant milestone, it has raised questions about transparency, policy autonomy, and long-term financing commitments.
In this op-ed, the author examines why Ethiopia, despite its larger population, secured substantially less funding than #Kenya under a comparable agreement.
He also challenges claims about progress in the health sector, arguing that "The real test of health sector leadership is not how eloquently commitments are announced... It is whether those promises are translated into measurable improvements in people's lives."
https://addisstandard.com/?p=58683
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#Sudan army drone strike kills 35 at customary court in #North_Darfur
The Sudanese army carried out a drone strike on a customary court in North Darfur on Sunday, killing at least 35 people and wounding dozens more, according to rights activists and witnesses cited by France 24.
The strike hit the village of Garra al-Zawaya, near Kabkabiya, at around 1 p.m. local time as civilians gathered for hearings at the traditional court, where community leaders were mediating local disputes and tribal cases. The session was reportedly being held beneath a tree when the strike occurred.
Emergency Lawyers, a Sudanese rights group that has documented abuses by both sides in the country’s war, said the attack killed at least 35 people. A witness cited by AFP said four tribal leaders and two commanders of the paramilitary Rapid Support Forces (RSF) were among those killed.
The village is under RSF control. The building housing the customary court was also damaged in the strike.
https://x.com/addisstandard/status/2084
The Sudanese army carried out a drone strike on a customary court in North Darfur on Sunday, killing at least 35 people and wounding dozens more, according to rights activists and witnesses cited by France 24.
The strike hit the village of Garra al-Zawaya, near Kabkabiya, at around 1 p.m. local time as civilians gathered for hearings at the traditional court, where community leaders were mediating local disputes and tribal cases. The session was reportedly being held beneath a tree when the strike occurred.
Emergency Lawyers, a Sudanese rights group that has documented abuses by both sides in the country’s war, said the attack killed at least 35 people. A witness cited by AFP said four tribal leaders and two commanders of the paramilitary Rapid Support Forces (RSF) were among those killed.
The village is under RSF control. The building housing the customary court was also damaged in the strike.
https://x.com/addisstandard/status/2084
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Death toll from migrant rush into #Spanish enclave in #North_Africa rises to 72
The death toll from a mass rush of migrants from #Morocco into the Spanish enclave of Ceuta last week reached at least 72 on Sunday, as five more bodies were found along the North African coast, officials said.
The number of fatalities was considerably higher than what was announced by Moroccan authorities on Sunday.
More than 50,000 people crossed into Ceuta by land and sea in an unprecedented surge that began on Thursday at one of the European Union's only two land borders with Africa, prompting alarm across the bloc. More than 48,000 returned to Morocco within 48 hours and more did so over the weekend, Spanish authorities said.
The Spanish government representative in Ceuta, Miguel Angel Perez, told reporters on Sunday that, in addition to the 72 fatalities, more than 1,000 people had been treated by health services......
https://www.reuters.com/world/europe/death-toll-migrant-rush-into-ceuta-rises-72-2026-08-02/
The death toll from a mass rush of migrants from #Morocco into the Spanish enclave of Ceuta last week reached at least 72 on Sunday, as five more bodies were found along the North African coast, officials said.
The number of fatalities was considerably higher than what was announced by Moroccan authorities on Sunday.
More than 50,000 people crossed into Ceuta by land and sea in an unprecedented surge that began on Thursday at one of the European Union's only two land borders with Africa, prompting alarm across the bloc. More than 48,000 returned to Morocco within 48 hours and more did so over the weekend, Spanish authorities said.
The Spanish government representative in Ceuta, Miguel Angel Perez, told reporters on Sunday that, in addition to the 72 fatalities, more than 1,000 people had been treated by health services......
https://www.reuters.com/world/europe/death-toll-migrant-rush-into-ceuta-rises-72-2026-08-02/
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