
Ozonnia Ojielo, the newly appointed UN Resident and Humanitarian Coordinator, emphasized the need for more coherent, ambitious, and system-wide collaboration to address humanitarian funding gaps and improve strategic engagements and coordination in Ethiopia. This statement followed a meeting with UNHCR Ethiopia's leadership and staff, where discussions focused on operational priorities, national alignment, and the country's evolving displacement landscape. UNHCR Ethiopia currently operates in 10 field locations, supporting 30 refugee sites and camps, as well as an urban refugee population in Addis Ababa. Ethiopia hosts approximately 1.1 million refugees, mainly from South Sudan, Sudan, Somalia, and Eritrea. The meeting highlighted a shift towards community-based and refugee-led approaches, stronger partnerships with local organizations, and alignment with national priorities and the UN Sustainable Development Cooperation Framework. UNHCR leadership also noted Ethiopia's evolving legal environment, which is expanding refugees' access to services, documentation, and economic opportunities. The severity of current funding challenges was presented, with a call for diversified and less-restricted financing, including increased private-sector engagement. Efforts to enhance efficiency through inter-agency collaboration, shared offices, joint procurement, and common services were also outlined.
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This summary was AI-generated from a story originally published by The Reporter Ethiopia.
Must ReadThe Council of the European Union has expanded its sanctions against Sudan, banning the import of Sudanese gold and restricting the export of key mining chemicals like mercury and cyanide. These measures aim to cut off revenue streams financing the country's civil war, which erupted on April 15, 2023, between the Sudanese Armed Forces and the paramilitary Rapid Support Forces. Gold has become a major funding source for the conflict, and limiting its trade, along with access to mining chemicals, is intended to reduce financial resources for those driving the violence. The sanctions include exemptions for humanitarian operations, public health emergencies, or disaster response. This action follows the EU's establishment of a sanctions framework for Sudan in October 2023, which has been expanded several times, most recently in January 2026. The conflict has displaced over 14 million people and led to widespread violations of international humanitarian and human rights law. EU foreign policy chief Kaja Kallas reiterated the bloc's call for an immediate ceasefire and warned against external actors fueling the conflict, stating the EU would use all available tools, including additional sanctions, to pressure those sustaining the war.
Must ReadTewolde Gebremariam, former CEO of Ethiopian Airlines, has been appointed chief executive of Pakistan International Airlines PIA. This appointment follows PIA's recent privatization, with ownership transferred from the Pakistani government to a consortium led by the Arif Habib Group, a local business conglomerate. Gebremariam's career at Ethiopian Airlines spanned nearly four decades, during which he served as CEO for 11 years, overseeing significant growth including quadrupling annual revenue to USD 4.5 billion and expanding the fleet to over 130 aircraft. He retired from Ethiopian Airlines in March 2022 due to personal health reasons. At PIA, Gebremariam is tasked with overseeing growth to a fleet of 65 aircraft and a return to profitability, as the airline has faced major losses, mismanagement, and regulatory issues, including a fatal crash in May 2020 and revelations of pilots with fake licenses.
Must ReadThe National Bank of Ethiopia NBE has removed the credit growth cap for commercial banks, nearly three years after its introduction in August 2023. This decision follows a Monetary Policy Committee meeting, where regulators noted a successful transition to an interest-based policy framework. The cap, initially set at 14 percent to curb inflation, was later adjusted to 18 percent in December 2024 and 24 percent in September 2025. Although inflation has eased due to economic reforms and forex market liberalization from mid-2024, the NBE anticipates continued double-digit headline inflation for the next six months, partly due to the Middle East conflict. In response, the NBE is increasing its policy rate by one percentage point to 16 percent as a counter-tightening measure. Additionally, the central bank is reducing the forex surrender requirement for goods exports from 50 percent to 30 percent to boost export competitiveness and market confidence. The NBE's forex commission rate has also been lowered by one percentage point to 1.5 percent.