By Andualem Sisay Gessesse – Djibouti Sovereign Fund (Fonds Souverain de Djibouti) plans to double the GDP of the East African country within seven years from about $3.7 billion to $7.5 billion. Slim Feriani, CEO of Djibouti Sovereign Fund, told New Business Ethiopia journalist that by co-investing in selected strategic sectors, the Fund envisages to double the GDP of Djibouti after seven years. Mentioning that in the past years the public sector was the economic growth driver of Djibouti; Dr. Slim Feriani, who stated that the Fund will invest 50% in Djibouti and the remaining internationally focusing mainly in the East African region. EDITOR’S NOTE: FOR EXPLANATIONS ON HOW DJIBOUTI SOVERIGHN FUND PLANS TO ACHIVE ITS TARGET, YOU MAY CHECK THE BRIEF INTERVIEW BELOW:

Caught on Camera: Woman attacks two men after crash on MacArthur Causeway The woman appears to try to stab one of the men but the other intervenes.

KEFI Minerals (GB:KEFI) has released an update. KEFI Gold and Copper is gearing up for the mid-2024 launch of its high-grade Tulu Kapi Gold Project in Ethiopia, with preparations underway and finance syndicate approvals expected to be finalized in May 2024. The developments are part of a broader positive shift in Ethiopia’s mining sector, with the country aiming to increase its annual gold production significantly within five years. In Saudi Arabia, KEFI’s joint venture is advancing its Hawiah Copper-Gold Development Project and evaluating development scenarios for the Jibal Qutman Gold Project, reflecting a growing interest in the region’s mining potential. For further insights into GB:KEFI stock, check out TipRanks’ Stock Analysis page.

ADDIS ABABA, May 20 (Xinhua) -- Ethiopian Prime Minister Abiy Ahmed reshuffled his cabinet on Monday, appointing Aisha Mohammed as the new minister of defense. Mohammed, who previously served as minister of irrigation and lowlands, replaced Abraham Belay, who has now taken her former position. This reshuffle marks Mohammed's return to the defense ministry, where she briefly served as the country's first female defense minister in October 2018. At that time, Abiy announced a 50 percent representation of women in the cabinet. According to the Office of the Prime Minister of Ethiopia, the new appointments are scheduled to officially take effect from Tuesday.

By Girma BerhanuEthiopian ‘Fanoism’ is the country’s distinctive social mobilization which has historically been used to fight against foreign aggression. In response to years of violent persecution, Amharas have invoked the longstanding Ethiopian military tradition of Fanoism to reverse the war of annihilation against them as well as the destruction of the Ethiopian state. The current version of Ethiopian Fanoism now has the following major features:1. Contemporary Ethiopian Fanoism happens to be spearheaded by the Amhara Fano simply because they have endured the first round of Abiy’s death cult. Ethiopian Fanoism today is a revolutionary movement aimed at overthrowing a malicious sectarian political order

ScreenshotSES brought to light that the company’s Ethiosat platform at 57 degrees East now delivers content to 17 million TV households in Ethiopia, an increase of 7 million when compared to 2022, with the Ethiosat reach penetration growing to 95%. The Ethiopian TV market has undergone a continuous rapid expansion as the number of TV households has increased by 400% since 2017 to 18.2 million homes now receiving TV content. The penetration of HD homes in the market has also increased from 48% to 62% since 2021, with Ethiosat’s number of HD TV channels growing from 15% to 62%. Ethiosat is Ethiopia’s first-ever dedicated Free-To-Air (FTA) TV platform, hosted on SES’s NSS-12 satellite. “We are immensely proud to be part of the growth of the Ethiopian TV market through the Ethiosat platform.

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.

The Ethiopian Embassy in Istanbul has announced the convening of the Ethiopia-Türkiye Trade and Investment Forum, scheduled for May 27, 2024, at the headquarters of Müsiad in Istanbul, Türkiye. This high-level forum serves as a platform to showcase Ethiopia's investment potential and market opportunities. The gathering is expected to attract prominent government officials, investors, and distinguished guests from both Ethiopia and Türkiye. With a focus on solidifying bilateral trade relations, this event aims to facilitate productive discussions and establish valuable connections that pave the way for mutually beneficial collaborations across diverse sectors. Source: Fana BC

Aramco, one of the world’s leading integrated energy and chemicals companies, has signed an agreement with Pasqal, a global leader in neutral atom quantum computing, to install the first quantum computer in the Kingdom of Saudi Arabia. The agreement will see Pasqal install, maintain, and operate a 200-qubit quantum computer, which is scheduled for deployment in the second half of 2025.”Aramco is delighted to partner with Pasqal to bring cutting-edge, high-performance quantum computing capabilities to the Kingdom. Through this agreement, we’ll be at the forefront of accelerating commercial adoption of this transformative technology in Saudi Arabia. Pasqal and https://www.aramco.com/en/about-us intend to leverage the quantum computer to identify new use cases, and have an ambitious vision to establish a powerhouse for quantum research within Saudi Arabia. This would involve leading academic institutions with the aim of fostering breakthroughs in quantum algorithm development — a crucial step for unlocking the true potential of quantum computing.

(Alliance News) - Kefi Gold & Copper PLC on Monday said it will proceed with early work following the launch of the Tulu Kapi project. The Saudi Arabia and Ethiopia-focused exploration and development company owns a 95% stake in the Tulu Kapi gold mines in Ethiopia as of May 13. Following confirmation from TKGM's board, which comprises representatives of both Kefi and the Ethiopian federal and regional government, the project is officially launched. Executive Chair Harry Anagnostaras-Adams said: "Our launch timing is fortuitously coinciding with the improved conditions in Ethiopia and all-time high gold prices. "Tulu Kapi's high grade and high process recovery, combined with our project design, has resulted in a robust set of economics for long-term operations which should support further exploration and development."

He founded a marketing company targeting South Africa’s informal economy, highlighting its significant and often overlooked economic contributions. 03:23 People often misunderstand the informal economy, seeing it as chaotic and invisible. 13:57 Our perception of the informal economy is often skewed by stereotypes of poverty and unemployment. 25:10 Listed companies like DeBula Property Fund acknowledge the strength of the informal economy, which often goes unmeasured but is vital to the overall economy. 26:08 Capitec’s Khedie Fourie highlights the untapped potential in the informal economy, which he compares to the early days of retail banking.

Ethiopian Prime Minister Abiy Ahmed has made changes to his cabinet, which included the removal of Abraham Belay as defense minister, the state broadcaster EBC reported. Abraham switched roles with Aisha Mohammed, who was head of the irrigation and lowlands ministry. She served as defense minister briefly in 2018.

Ethiopian Airlines Group CEO Mr. Mesfin Tasew said: “As the demand in domestic travel is growing, the completion of this project would allow us to offer a smooth travel experience to our esteemed passengers.”

Called Zoma Village Entoto, the complex is expected to open in September. It was conceived by Elias Sime, one of Ethiopia’s most successful artists, and Meskerem Assegued, an anthropologist and curator. Sime and Assegued build slowly, sustainably and traditionally—in stark contrast to the high-rise structures that have sprung up in Addis Ababa in recent years. Stupendous diversityNot long after they first met each other, Sime invited Assegued to his studio in Addis Ababa. It moved and reopened as Zoma Museum, a school and art institution in 2019.

Addis Ababa — Norway has announced that it will continue its assistance for the government of Ethiopia's efforts to fight climate change through green development. The adviser has also commended the efforts being carried out in the protection of biodiversity citing the Green Legacy Initiative. According to her, the Green Legacy Initiative demonstrates the commitment of Ethiopian government to ensuring green development. "Green Legacy demonstrates the commitment of Ethiopian government towards green development manifesting the importance of forestry sector as trees are important instruments in helping to tackle the impacts of climate change." As per this partnership agreement the government of Norway will continue providing support to Ethiopia's efforts to mitigate impacts of climate change, forestry development, and food security," she stated.