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Food insecurity threatens 5 million Somalis

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About 40 percent of the population in Somalia is dire need of food due to a prolonged drought and conflict which has led to continued displacement of its people.

This is according to the UN which added that a significant number requires urgent assistance

“Between August and December 2016, we project a total of five million people facing acute food insecurity across Somalia. What is significant about this number is; we now have more than 1.1 million people of the five million total facing acute food security crisis and emergency,” said Daniel Molla, Principal Advisor, Food Security and Nutrition Analysis Unit Somalia.

Malnutrition levels have also increased dramatically over the last six months especially amongst children.

“On the nutrition side we estimate over 300,000 children to be acutely malnourished including over fifty thousand that are severely malnourished and in urgent need of nutrition support,” Molla added.

The situation is of serious concern as this comes at a time that the country is facing multiple challenges and the organisation says urgent action needs to be taken to reduce the risk of it sliding into a catastrophe.

Efforts to reduce levels of vulnerabilities are undermined by a number of factors, including the conflict between the Islamist militant group al-Shabaab and Somalia’s African Union-backed government, natural catastrophe and funding gap.

Business

Absa became the new competitor on the Ethiopia market.

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Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

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Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

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Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

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Motherland News

Black box of the Ethiopian Airline Crash recovered.

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The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



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Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

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Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

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