Ethiopia Issues Licensing Directives for Capital Market Service ProvidersEthiopia has issued a legal directive that will govern the licensing of capital market service providers as the nation seeks to consolidate the securities and exchange sector. Under the new regulations, the Ethiopian Capital Markets Authority will issue 15 different types of licenses to service providers. “It provides a comprehensive legal framework that will ensure the integrity and stability of the capital market,” said the director general of the Ethiopian Capital Market Authority, Dr. Brook Taye. The 150-page directive also outlines the responsibilities of various capital market service providers and their appointed representatives, strictly caging their activities within the licenses they sought for. Ethiopia’s decision to venture into capital markets will also allow investments from buoyant multinational companies strengthening the economy.

January 24, 2024 19:48 UTC

Recipes for success: Lebanese-Australian head pastry chef of Harrods offers advice, a cookies recipeDUBAI: Philip Khoury’s is a true success story. “I think their intention was always to go back, and like everyone, they thought the war would end,” Khoury tells Arab News. Philip Khoury has always had an appetite for food — inspired especially by visits to his grandparents’ home in Lebanon. But when you have real vanilla paste and vanilla extract coming from real vanilla beans, that’s a secret weapon. Arrange on a large baking sheet, lined with parchment paper, 5cm apart.

January 24, 2024 19:12 UTC

The World Health Organisation (WHO) has been left raging about a “torrent of fakes news” after plans for a global pandemic preparedness agreement face rejection. An international accord has been in the pipeline for more than two-years as the WHO’s 194 member states look at ways to become better equipped to deal with the next health catastrophe. The plan was for member states to seal the agreement on May 27 when they convene for the 2024 World Health Assembly. However, the WHO’s director-general Tedros Adhanom Ghebreyesus claimed momentum had been slowed down by entrenched positions and “a torrent of fake news, lies, and conspiracy theories”. He argued that a “coordinated and sophisticated campaign” of misinformation and disinformation attempting to undermine the process.

January 24, 2024 18:59 UTC

Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Ethiopia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. Earlier that month, the Gada Special Economic Zone Authority (GSEZA) signed a memorandum of understanding (MoU) with the Chinese construction engineering company China Civil Engineering Construction Corporation (CCECC) for joint development of the Ethiopian special economic zone. The Gada Special Economic Zone (GSEZ) will be built over an area of 10km2, over a period of five years. ScopeThis report provides a comprehensive analysis of the construction industry in Ethiopia. It provides -Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Ethiopia, featuring details of key growth drivers.

January 24, 2024 17:18 UTC

Yet it seems that neither Sudan nor Ethiopia is willing to cooperate with IGAD. What We’re WatchingDelegates and government representatives attend the closing session of the 19th summit of the Non-Aligned Movement in Kampala on Jan. 20. Non-Aligned Movement summit. Egypt, one of the founders of the Non-Aligned Movement, is particularly eager to see an end to the Israel-Hamas war. The tournament’s theme song is a collaboration between three African nations’ biggest music stars: Ivorian band Magic System, Nigerian pop star Yemi Alade, and Egyptian rapper Mohamed Ramadan.

January 24, 2024 16:47 UTC





A British Airways flight from Belfast to London has declared an emergency whilst enroute. British Airways flight BA1421, an Airbus A320 operating from Belfast City Airport (BHD) to London Heathrow (LHR) declared a general emergency with squawk code 7700 whilst inbound to the UK mainland. British Airways Shuttle BA1421 Belfast-LondonFlight data shows that flight BA1421 declared the emergency with transponder code 7700 whilst on climb below 10,000 feet, then maintained 9,000 feet cruising altitude before continuing climb on track for London. British Airways Shuttle flight BA1421 has now returned to a normal transponder code, and is continuing its climb to the higher cruising level of FL190. British Airways flight BA1431 from Belfast now landed London Heathrow (LHR).

January 24, 2024 14:24 UTC

DUBAI: Renowned Tunisian filmmaker Kaouther Ben Hania has made history as she got her second Oscar nomination – a first for an Arab woman. Her latest film, docudrama “Four Daughters,” has been nominated for Best Documentary Feature Film at the 2024 Academy Awards. Her previous film, “The Man Who Sold His Skin,” won her a nod for Best International Feature Film at the 2021 awards. In an earlier interview with Arab News, Ben Hania said, “It’s not about one scene or another. All those themes were very important to me.”Ben Hania started working on “Four Daughters” in 2016, when she first heard the story on the news in Tunisia.

January 24, 2024 14:21 UTC

NAIROBI (Reuters) - Ethiopia's deal to lease a port in Somalia's breakaway region of Somaliland has infuriated the government in Mogadishu and prompted concern it will further destabilise the Horn of Africa region. Somalia has responded by calling the deal an act of agression and says it will block it. Ethiopia says it is merely striking a commercial arrangement to address a need for access to the sea. Ethiopia lost sea access in the early 1990s when its then-province Eritrea seceded following a three-decade war. So far, no country has publicly backed the port deal.

January 24, 2024 13:51 UTC

Somali authorities have spent years working to restore the national stadium in Mogadishu, and on Dec. 29 Prime Minister Hamza Abdi Barre inaugurated the national soccer tournament. The competition is a milestone in efforts to revive public life even as al-Qaida’s East Africa affiliate, based in Somalia, remains a threat. Now, the air crackles with anticipation as thousands pour into the stadium each afternoon. Most recently, between 2012 and 2018, the stadium was a base for African Union peacekeepers. “When this stadium was used as a military camp, it was a source of agony and pain.

January 24, 2024 13:44 UTC

The Pan African Network for Artistic Freedom (PANAF) is set to hold the inaugural edition of the PANAF Summit, to be held between 9 and 10 February 2024 in Zanzibar, Tanzania. This Summit aims to discuss policies and advocacy strategies pertaining to artistic freedom across the African continent with consideration for both local and global contexts. Programme highlights include a keynote, plenary session, panel discussions addressing the Challenges and Opportunities for Artistic Freedom on the Continent, and an exploration of the Role of Government in Advancing Artistic Freedom. This summit serves as a progression of the PANAF project, inaugurated in November 2021 across several African countries, including Nigeria, Gambia, Mozambique, Kenya, Zambia, Rwanda, Uganda, and Ethiopia. The project has published reports, available on the official PANAF website, following commissioned research on the State of Artistic Freedom in the eight focus countries.

January 24, 2024 13:40 UTC

Somali authorities have spent years working to restore the national stadium in Mogadishu, and on Dec. 29 Prime Minister Hamza Abdi Barre inaugurated the national soccer tournament. Now, the air crackles with anticipation as thousands pour into the stadium each afternoon. Political Cartoons View All 253 ImagesBut many Somalis are willing to brave the stadium, which has a heavy security presence. Most recently, between 2012 and 2018, the stadium was a base for African Union peacekeepers. “When this stadium was used as a military camp, it was a source of agony and pain.

January 24, 2024 13:29 UTC

Volunteers fan out across LA for the 2024 homeless countVolunteers fan out across LA for the 2024 homeless countVolunteers fan out across LA for the 2024 homeless countLos Angeles' annual homeless count has started, with volunteers fanning out across the city and county to estimate the number of people living on the streets. Volunteers will use an app to enter their data, which is then used to calculate the estimate. In 2023, officials counted 75,500 unhoused residents in L.A. County and 46,200 in the city. A study done at UC San Francisco found that 20% of women who end up homeless are victims of domestic violence. However, one of the major complications of the homeless crisis is providing services like addiction and mental health treatment.

January 24, 2024 12:48 UTC

Google MapBy Staff ReporterADDIS ABABA – (BORKENA) – The leaders and members of the Gumz People’s Democratic Movement and the Benishangul People’s Freedom Movement have been arrested, the political parties disclosed. On the other hand, the Bureau announced that there are individuals whose cases are under investigation by the Federal Ministry of Justice. __Join our Telegram Channel : t.me/borkenaLike borkena on FacebookAdd your business to Ethiopian Business Listing / Ethiopian Business DirectoryJoin the conversation. Follow us on twitter @zborkena to get the latest Ethiopian News updates regularly. Subscribe to YouTube channel To share information or for submission, send e-mail to info@borkena.com

January 24, 2024 12:45 UTC

By Giulia ParaviciniNAIROBI (Reuters) - Ethiopia's deal to lease a port in Somalia's breakaway region of Somaliland has infuriated the government in Mogadishu and prompted concern it will further destabilise the Horn of Africa region. Somalia has responded by calling the deal an act of agression and says it will block it. Ethiopia says it is merely striking a commercial arrangement to address a need for access to the sea. Ethiopia lost sea access in the early 1990s when its then-province Eritrea seceded following a three-decade war. So far, no country has publicly backed the port deal.

January 24, 2024 12:42 UTC

Over the past six months, Ethiopia's coffee sector generated more than USD 571.4 million in international trade revenue, according to the Ethiopian Coffee and Tea Authority. The country exported over 117,955 tons of coffee, with popular varieties such as Sidamo, Nekemte, Yerga Chife, and Jimma. In related news, the Ministry of Trade and Regional Integration (MoTRI) announced an earning of USD 14.19 million from soybean by-product exports. Primary destinations for these exports were India and the United States, where the soybean by-products are crucial for animal sustenance. Market destinations for Ethiopian horticulture products include New Zealand, European countries, East Africa, and the Middle East while key markets for Ethiopian coffee include Saudi Arabia, South Korea, the U.S., Germany, Japan, and China.

January 24, 2024 12:41 UTC