Winners of the 2019 edition of the African Banker Awards (AfricanBankerAwards.com) were announced at a prestigious Gala Dinner in Malabo, Equatorial Guinea. The Awards, held annually on the fringes of the Annual Meetings of the African Development Bank, have established themselves as the Oscars of African banking celebrating excellence in banking and finance on the African continent. Afreximbank won Bank of the Year and the Trade and Development Bank’s President, Ethiopian Admassu Tadesse, won African Banker of the Year. The African Banker Icon went to Mitchell Elegbe, founder of Interswitch, the payments service provider. Our market-leading titles (African Business, African Banker, New African, and New African Woman) are published in both English and French, with a combined global readership of over 2 500 000.
June 12, 2019 16:52 UTC
Addis Ababa (CNN) A woman in Ethiopia took her final year exams in hospital just 30 minutes after giving birth to a baby boy. Almaz Derese, 21, went into labor overnight Monday and delivered her baby on the day her secondary school exams were due to start. Derese told CNN she did not want to wait another year to sit the exams. "Although it was very hard to take an exam after giving birth, I did not want to waste the opportunity that I tirelessly worked for a decade," she said. Derese, who lives in the Illu Aba Bora district, in Ethiopia's southwest, sat for papers in English, Maths and Amharic, Ethiopia's official language.
June 12, 2019 16:52 UTC
New Ethiopian Ambassador to Germany presented credential. Germany keen to further strengthen relation with Ethiopia. Ambassador Mulu Solomon Bezuneh presenting credential to Germany’s president Frank-Walter Steinmeier. Photo : MFAEborkenaJune 12, 2019The Federal Republic of Germany expressed its interest in strengthening relation with Ethiopia. It was the country’s president, Frank-Walter Steinmeier, who talked about it when he received the credential of newly appointed Ethiopian Ambassador to Germany, H.E.
June 12, 2019 16:30 UTC
borkenaJune 12, 2019Ethiopia’s political situation has become worrisome for Ethiopians. Ethnic violence has now become a common experience in Ethiopia and all parts of the country have experienced it. Over three million people have been internally displaced for the because of ethnic violence. New Ethiopian Music by Tsegaye Eshetu and Shileshi Demissie reflect on the political situation in the country. Video : Embedded from Hope Entertainment YouTube channelCover photo : screenshot from videoLike borkena YouTube channelJoin the conversation.
June 12, 2019 15:33 UTC
FILE PHOTO: American Airlines Boeing 737 MAX jets sit parked at a facility in Tulsa, Oklahoma, U.S., May 10, 2019. American Airlines/Handout via REUTERS/File Photo ReutersBy Tracy RucinskiCHICAGO (Reuters) - The grounded Boeing Co 737 MAX is "highly likely" to be flying by mid-August, American Airlines Group Inc Chief Executive Doug Parker told shareholders on Wednesday. American Airlines has said the economic impact of the grounded MAX would be about $350 million between its worldwide grounding in mid-March and Aug. 19, when the airline had initially envisioned flying its 24 MAX jets again. Boeing has yet to formally submit its software fix to the U.S. Federal Aviation Administration, which said on Wednesday it does not have a specific timetable on when the 737 MAX would return to service. Still, Parker said he understood there was "an absolute fix" for the 737 MAX, while acknowledging there was no certain timetable and that rebuilding public confidence may take time.
June 12, 2019 15:13 UTC
LISTEN TO ARTICLE 1:26 SHARE THIS ARTICLE Share Tweet Post EmailPhotographer: Simon Dawson/Bloomberg Photographer: Simon Dawson/BloombergEquity Group Holdings Plc. plans to set up a representative office in Ethiopia as the East African nation opens up its financial sector, according to a person with knowledge of the matter. Kenya’s biggest bank by market value received approval to open the office at the end of May, the person said, asking not to be identified because the matter is private. Equity Group would be the second Kenyan bank to set up in Ethiopia after rival KCB Group opened a representative office in the capital, Addis Ababa. Related: KCB Group Open to Ethiopian Buy to Extend Regional FootprintEthiopia, which has 18 commercial banks serving more than 100 million people, is working with the World Bank to open up its financial sector to foreign investment.
June 12, 2019 14:37 UTC
The plan, which has not yet been formally announced, would open the bidding process for two licences in September and they would be awarded in December. The government will expect the winning companies to start operations next year, initially using Ethio Telecom's infrastructure to run their networks, the sources said. A new telecoms regulator will issue the licences, but this institution has not yet been set up. New licences are the preferred option of telecoms executives, rather than a potential sale of part of Ethio Telecom. Chinese companies Huawei and ZTE and Sweden's Ericsson have been involved in developing infrastructure for Ethio Telecom over the past few years.
FILE PHOTO: A branch of state-owned Ethio Telecom is seen in Addis Ababa, Ethiopia July 26, 2018. The plan, which has not yet been formally announced, would open the bidding process for two licenses in September and they would be awarded in December. The government will expect the winning companies to start operations next year, initially using Ethio Telecom's infrastructure to run their networks, the sources said. New licenses are the preferred option of telecoms executives, rather than a potential sale of part of Ethio Telecom. Chinese companies Huawei and ZTE and Sweden's Ericsson have been involved in developing infrastructure for Ethio Telecom over the past few years.
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If you are running out of motivation, we'll tell you about Almaz Derese, as her story will definitely inspire you. 21-year-old Almaz Derese is from Metu, western Ethiopia, and appeared for an examination from the hospital just thirty minutes after delivering her child. A picture of Almaz writing the paper on her hospital bed is being circulated across social media vehemently and the internet is thoroughly impressed. But wait, she appeared for it soon after delivering her baby boy - thirty minutes later. Speaking about the examination, Derese told BBC Afaan Oromoo: "Because I was rushing to sit the exam, my labour wasn't difficult at all."
June 12, 2019 12:33 UTC
FILE PHOTO: A Sudanese protester holds a national flag as he stands on a barricade along a street, demanding that the country's Transitional Military Council hand over power to civilians, in Khartoum, Sudan June 5, 2019. The United States also on Wednesday named veteran diplomat Donald Booth as its envoy to Sudan. After meeting Nagy, the main opposition coalition said that it would only participate in indirect talks and it would impose other conditions. "We have informed the Ethiopian prime minister that we refuse to have direct negotiations with the transitional military council," said Madani Abbas Madani, a leader of the Declaration of Freedom and Change Forces. The military council has been bolstered by support from Saudi Arabia and the United Arab Emirates, which between them have offered $3 billion in aid.
June 12, 2019 12:22 UTC
President of the International Criminal Court (ICC) Chile Eboe-Osuji is on working vist in Addis Ababa where he held discussion with senior authorities including President Ethiopian Supreme Court, Meaza Ashenafi.The visit comes after many African countries including Ethiopia have been questioning over the credibility of the ICC due to its charges seemingly have overwhelming focus on African leaders. There are increasingly calls for states to withdraw from the Rome Statute, including by the AU. During his meeting with the Ethiopian supreme court, Chile Eboe-Osuji exchanged views on international criminal justice and importance of the rule of law. The ICC President also held talks with Dr. Vera Songwe, Executive Secretary of UN Economic Commission for Africa (ECA). The discussion underlined the importance of fighting impunity and the rule of law for peaceful societies and sustainable development.
June 12, 2019 12:11 UTC
WiseGuyReports.com “Ethiopia Telecoms, Mobile and Broadband - Statistics and Analyses” report has been added to its Research Database. For many years Ethio Telecom’s monopolistic control stifled innovation, restricted network expansion and limited the scope of services on offer. Companies mentioned in this report:Ethio Telecom (formerly Ethiopian Telecommunications Corporation, ETC), EthioNet, Ethio Mobile, Orange Group, Tecno Telecom, Smadl, Tana Communication, Thuraya. Regulatory environment5.1 Regulatory authority5.2 Telecom service licences5.3 Telecom sector liberalisation6. Telecommunications infrastructure7.1 Overview of the national telecom network7.2 Rural area network7.3 National backbone networkContinuous...
June 12, 2019 11:48 UTC
It’s not possible to give an exact date as work progresses on safety fixes to the aircraft, Ali Bahrami, the Federal Aviation Administration’s associate administrator for aviation safety, said in an interview Wednesday at a conference in Cologne, Germany. The FAA has said that there’s no time frame to sign off on Boeing’s proposed fix for the jet. Muilenburg said last week on CNBC that he expected that the Max would be back in the air by year-end. The FAA isn’t the only regulator that holds sway over returning the Max to the skies. The agency is considering whether to require additional simulator training for flying the Max, as well as potential design changes, he said.
June 12, 2019 11:18 UTC