Ethiopia saved USD1.44 billion debt service dueOfficials at the Ministry of Finance say they expect to see Ethiopia’s external debt standing upgraded to ‘moderate’ status following an agreement with external creditors and the International Monetary Fund (IMF). An IMF debt restructuring program is also expected to eliminate Ethiopia’s budget deficit for up to six years, according to Ahmed Shide, minister of Finance. “Negotiations for debt restructuring under the Common Framework are ongoing. Ethiopia’s external debt currently stood at USD28.4 billion, a slight increment from last year due to fresh disbursements from World Bank. According to the finance ministers, Ethiopia’s debt to GDP is still sound but deteriorating compared to the stagnating export performance.

Some believe moneys intended to host FIFA World Cup could be used elsewhere The county will be spending millions to host FIFA World Cup matches in South Florida, but some believe those funds should be used where they are needed most.

Addis Ababa — Unidentified gunmen killed seven civilians, including a seven-year-old child, in a midnight attack on Monday in the Raya Azebo district, located in the border area between the Afar and Tigray regions. Following this attack, the Tigray Interim Administration issued a statement on social media confirming that the perpetrators originated from the Afar region. "The Tigray Interim Administration is closely monitoring their identities and will continue to strengthen efforts to identify and apprehend the criminals," the statement stated. The interim administration also assured the public that they would be kept informed of any progress in the investigation. Tezera informed Addis Standard that an investigation into the cause of the attack is currently underway.

Miami-Dade leaders outraged over Cuban delegation tour of secure areas at Miami International Airpor Teri Hornstein reports Mayor Daniella Levine Cava said the county was not consulted about the tour.

The artist Julie Mehretu has unveiled the next BMW Art Car—the 20th in the German automaker’s series of contemporary art commissions—at the Centre Pompidou in Paris. Mehretu’s customised car will head to the annual 24-Hour race of Le Mans, northwestern France, in June for its first competition. Now the BMW Art Car is another version of my painting and it looks like its grille has inhaled the paint.” The Art Car commission is Mehretu’s most high-profile corporate commission in more than a decade. BMW’s Art Car Series, which launched in 1975 with Alexander Calder’s fittingly popping paint job on a BMW 3.0 CSL, has since involved many of the biggest names in contemporary art, from Roy Lichtenstein and Andy Warhol to Jenny Holzer, David Hockney, Jeff Koons and Cao Fei. In addition to racing at Le Mans and travelling for temporary exhibitions, vehicles from the BMW Art Car series are on rotating display at the BMW Museum in Munich.

The 67-year-old entrepreneur’s visa woes have reignited a fresh firestorm about the frustrations of traveling within Africa for Africans. But many African countries still require visas from other Africans and the experience is fraught with discrimination, hostility and sky-high fees. He has also been detained at airports in Kenya and South Africa because of his Nigerian passport. “There’s a fear in richer African countries that people from poorer nations might be looking for a way to permanently move there,” he explains. His new St Kitts passport allows him to go to more African countries than his Nigerian passport.

“OCP Africa’s support for this project will address the unique soil challenges in Ethiopia, such as salinity and acidity. By conducting comprehensive assessments of the local soil, climate, and cropping systems, we will develop customized solutions to improve soil health and fertility. Since 2019, OCP Africa has developed and tested customized fertilizer formulas, significantly improving productivity on acid soils. As OCP Africa embarks on this journey, the commitment remains strong to supporting Ethiopia’s efforts towards a resilient and sustainable agricultural sector. Tags: wheat, yield, Ethiopia, agricultural sector, Global Center on Adaptation, African Development Bank, OCP Africa, Ethiopia's Climate Resilient Wheat Value Chain Development Project, Kingdom of the Netherlands

A Singapore Airlines flight (flight SQ321), operating from London (Heathrow) to Singapore on 20 May 2024, was forced to make an emergency landing at Bangkok’s Suvarnabhumi Airport due to severe turbulence. The Boeing 777-300ER, carrying 211 passengers and 18 crew members, encountered unexpected severe turbulence as it flew over the Andaman Sea. Officials at Bangkok’s Suvarnabhumi Airport confirmed the fatality but have yet to provide a complete tally of the injured. Singapore Airlines has not yet released detailed information on the number of passengers injured during the incident. The airline issued a brief statement confirming the emergency landing and indicated that an investigation is underway to determine the specifics of the incident and the cause of the severe turbulence.

Minor Hotels’ core revenue in Q1 reached THB 29.6 billion, marking a substantial 17% year-over-year gain and surpassing budget projections. This robust performance was driven by the continued strength in revenue generation, with healthy rate growth recorded across the group’s hotel portfolio, particularly in Europe and Thailand. Minor’s owned and leased hotels portfolio contributed 80% of core hotel and mixed-use revenues in the first quarter, up 21% year on year. Global rate growth drives profitabilityMinor Hotels reported positive growth in Average Daily Rate (ADR), with system-wide Q1 figures up 11% year-on-year. Minor Hotels is targeting a rapid expansion of its hotel network, with a target of 200 new hotels by 2026.

For all other commodities, price is in (Birr/Quintals), 1 Quintal = 100Kg. To get more commodity trade information, you may call ECX on short number 929 or text to them on short number 934.

“Today we are doing a setup for an Ethiopian mom and her six children,” said Kathy Elias, creator of Kathy’s Happy Helpers. “It's a scary situation," said Kate Pelczynski-Walker, public relations and communication specialist for Catholic Charities of Buffalo. She pulls from a team of people in her Facebook group called "Kathy’s Happy Helpers." "But it's so gratifying.”While they usually don’t meet the families they serve, sometimes the people they help do join Kathy’s Happy Helpers. You can find them on Facebook or reach out to your local Catholic Charities branch.

Highlighting the "impressive performance" of various economic sectors, Assefa said agricultural products have achieved commendable outputs. Total government expenditure during the same period amounted to 495 billion birr (about 8.6 billion dollars), with capital expenditure accounting for a substantial 15.5 percent of the total. Ethiopia has generated about 2.5 billion dollars from the export of goods and 5.8 billion dollars from service exports. The minister expressed confidence that the projected 7.9 percent economic growth is achievable by the end of the fiscal year, attributing it to the positive outlook and progress made in key economic areas crucial for the country's macroeconomic development. Despite consistently high economic growth over the last decade, Ethiopia remains one of the poorest countries, according to the World Bank.

Ethiopia upgrades consulate in Somaliland to full-fledged embassyADDIS ABABA - Ethiopia has reportedly upgraded its consulate in Hargeisa, the regional administrative capital of the Somaliland region, to a full-fledged embassy, which could escalate the existing conflict with Somalia. Ali Mohamed Hassan, alias Ali Marehaan, the minister for information and culture in Somaliland, said Ethiopia had confirmed the new status of relations with Somaliland, adding that this is the 'process towards recognition of Somaliland'. Over the weekend, Somaliland leader Muse Bihi Abdi hinted at the development, as the region celebrated its 33rd independence day. In an interview with the BBC, Ali Hassan Mohamed said the decision by Ethiopia had been announced by Muse Bihi Abdi, adding that the two parties shall recognize each other as sovereign states. Somaliland and Puntland vowed to work closely with Ethiopia on matters of development, ruling out warning from Somalia.

ADDIS ABABA, May 21 (Xinhua) -- The Chinese-built Ethiopia-Djibouti railway has significantly reduced logistics time and costs, boosting Ethiopia's import and export trade, according to the Ethio-Djibouti Standard Gauge Railway Share Company (EDR). Currently, more than 15 percent of Ethiopia's overall import and export trade is conducted via this railway. Zenebe said the railway is particularly effective in streamlining the transportation of Ethiopia's major export commodities, such as coffee. He noted that 98 percent of Ethiopia's entire coffee export, a cornerstone of the country's agriculture-led economy, now passes through the Ethiopia-Djibouti railway. Official data reveal that the Ethiopia-Djibouti railway has transported 680,000 passengers and 9.5 million tons of cargo, with an average annual transportation revenue increase of 39 percent over the past six years.

Mayor Daniella Levine Cava said county was not told about Cuban delegation tour of Miami's airport Miami-Dade Mayor Daniella Levine Cava and the county's Chief of Public Safety James Reyes said they were caught off guard by the visit on May 20th.