According to him, the event marked a significant milestone in the collective quest for energy security and sustainable manufacturing practices. Stakeholders present at the summit also proposed actionable solutions, exploring cutting-edge technologies, policy frameworks, and financing models to support the transition to sustainable energy. Also speaking, Group Managing Director, Income Electrix, Mathew Edevbie discussed challenges, prospects, and strategies for sustainable energy, emphasizing Nigeria’s huge electricity supply deficit. Director, Huawei Digital Power Nigeria, Cruise Ni emphasized the need for innovation and alternative energy supply to reduce manufacturing energy costs. Chairman, Nigeria Energy Regulatory Commission Sanusi Garba discussed opportunities and challenges under the new Electricity Act.

So says Bryan Hamman, regional director for Africa at NETSCOUT, who was commenting on the results of the recently released NETSCOUT 1H2024 DDoS Threat Intelligence Report (TIR). He also clarified that Kenya and Mauritius experienced the highest volumes of DDoS attacks among East African nations, with attackers increasingly leveraging sophisticated multi-vector tactics. Known for its strong regional connectivity, Mauritius too has seen DDoS incidents that primarily aimed to disrupt telecommunications. The wireless telecommunications sector (except satellite communications) in particular bore the brunt of these incidents, with more than 30,000 attacks. UgandaWhile experiencing significantly lower figures than Kenya and Mauritius, Uganda’s DDoS threat landscape has still grown increasingly complex, demanding vigilant, ongoing monitoring to track adversaries’ evolving tactics.

Ethiopia is actively implementing effective policy measures to diversify its agricultural exports to enhance global competitiveness and improve product quality, according to the Minister of Trade and Regional Integration. The country is currently hosting the 13th International Conference on Pulses and Oilseeds, the largest event of its kind in East and Sub-Saharan Africa, attracting international buyers, importers' associations, value chain companies, agro-processors and grain traders. Ethiopian Minister of Trade and Regional Integration, Kasahun Gofe reiterated Ethiopia's commitment to strengthening the agricultural sector and creating a favourable environment for farmers and exporters. He outlined a number of ambitious economic reforms, including the transition to a market-based exchange rate, the establishment of non-bank foreign exchange bureaus, the removal of import restrictions, and the opening of the Ethiopian Securities Exchange to foreign investors. He emphasised the importance of increasing agricultural exports, developing the agro-industrial sector and enhancing the value of pulses and oilseeds to expand market opportunities.

BLESSING OMALE, AbujaThe Federal High Court in Abuja has directed the Ministry of Foreign Affairs and the Nigerians in Diaspora Commission (NIDCOM) to facilitate the repatriation of approximately 270 Nigerians imprisoned or detained in Kaliti Prison, Ethiopia. The applicants named NIDCOM, the Ministry of Foreign Affairs, the National Assembly, the Federal Republic of Nigeria, and the Attorney General of the Federation as respondents. “The Senate is not aware of any communication from the Ethiopian government requesting Nigeria to repatriate its citizens,” Abdulhameed asserted. He criticized the Ministry of Foreign Affairs and NIDCOM for failing to act, emphasizing that it is the duty of the government to protect its citizens abroad. The court ordered the Ministry of Foreign Affairs and NIDCOM to take immediate steps to repatriate the detained Nigerians.

The global brand has introduced its Business Class passengers to a new amenity kit collection designed in collaboration with Lanvin. This special Business Class amenity kit collection, consisting of five pieces, is designed with a focus on sustainability, blending modern luxury with elegance. The bags feature limited-edition Lanvin cosmetic products and meticulously selected contents to turn the journey of Turkish Airlines guests into a unique experience. The Lanvin collection reflects Turkish Airlines’ commitment to travel comfort and promotes reuse in line with the zero-waste principle. The member airlines are: Aegean Airlines, Air Canada, Air China, Air India, Air New Zealand, ANA, Asiana Airlines, Austrian, Avianca, Brussels Airlines, Copa Airlines, Croatia Airlines, EGYPTAIR, Ethiopian Airlines, EVA Air, LOT Polish Airlines, Lufthansa, Shenzhen Airlines, Singapore Airlines, South African Airways, SWISS, TAP Air Portugal, THAI, Turkish Airlines, and United.

The African Group of Negotiators and leaders came to COP29 with a bold call for equitable climate finance, stronger global partnerships, and urgent action to address the climate crisis. Their message emphasizes Africa’s role in global climate solutions while demanding accountability and meaningful progress from the international community. These institutions collaborated to ensure the continent arrived at COP29 with a unified strategy addressing climate finance, renewable energy, and nature-based solutions. A central focus of the continent’s agenda is equitable climate finance. It has demonstrated leadership in renewable energy, conservation, and climate finance.

BAKU: The COP29 Presidency team gathered on Monday to discuss negotiations and some of the highlighted plans for the second week of the 29th session of the UN climate change conference. Present at the discussions were Mukhtar Babayev, president of COP29; Yalchin Rafiyev, lead negotiator; Leyla Hasanovahe, youth climate champion for COP29; and Simon Stiell, executive secretary of the UN Framework Convention on Climate Change. Concerns were expressed regarding the state of negotiations and whether the participating parties were moving forward at the desired speed to deliver results efficiently. “Entering the second week of this COP, it is a mixed picture. “We must help countries to pick up this pace over this high week,” he said.

He said the capital city of Ethiopia—Addis Ababa is a third diplomatic hub hosting a number of international conferences every year including the African Union Summit. He said Ethiopia offered a comparative advantage to the Pakistani investors in terms of strategic location, cheap, clean and green energy, skilled labour and on top of that full fledge support from the Government. “Let us work together to achieve common interest of enhancing trade relations between our two countries that enjoy brotherly relations for the last 66 years,” he remarked. Honorary Consul General of the FDR Ethiopia in Karachi Ibrahim Tawab also addressed the business community and urged them to penetrate in the Ethiopian market which has a huge trade and investment potential. KATI’s President Junaid Naqi said the business community of Korangi is looking forward to the Single Country Exhibition in Addis Ababa, assuring the Ambassador of leading a delegation from KATI to the event.

Addis Ababa, November 20, 2024 (FBC) – The FDRE President Taye Atske-Selassie met and held talks with the members of executive board of the Ethiopian Quality Award Organization, the Office of the President disclosed today. On the occasion, President Taye underscored that as the patron of the organization, he will make sure the goals of the organization are achieved.

- Advertisement -Ethiopian Cargo and Logistics Services has been honoured with the ‘Best Cargo Airline-Africa’ award for the second time in a row at the prestigious Arabian Cargo Awards. Regarding this prestigious accolade, Ethiopian Airlines Group CEO Mesfin Tasew said, “We are honored to receive the ‘Best Cargo Airline-Africa’ award once again. This recognition is a testament to our hard work and unwavering commitment to excellence, innovation, and customer satisfaction in the air cargo industry, as well as our dedication to providing world-class cargo services in the region and beyond. We remain focused on strengthening our position as a leader in the cargo and logistics sector, enabling seamless trade connections across continents.”Ethiopian Cargo and Logistics Services operates a comprehensive air cargo network that connects over 140 destinations globally. Ethiopian Cargo and Logistic Services envisioned to be one of the top 20 cargo airlines in the world in terms of FTK by providing safe, market driven and customer focused air cargo, courier, and mail transport services by 2035.

Fashion Arts Fund names new leader as shift toward new vision comes into focusA Kansas City nonprofit dedicated to making impact on the city’s fashion scene announced its new executive director Wednesday — stitching a dyed-in-the-wool KC fashion designer into the organization’s new look. She’ll take a step toward those education-focused pursuits locally with the Fashion Arts Fund. The years-long transition at the Fashion Arts Fund has been led by Jennifer Lapka, a leader in the Kansas City fashion community who was retained by the organization’s board as a consultant. “Last year, Fashion Arts Fund provided me with an exceptional opportunity via their mentorship program where I was paired with an experienced fashion professional, Tisha Mitchell, who helped me solve some of these challenges,” Kebede said. “I believe in Fashion Arts Fund and want to see it flourish so it can help other designers like me.”

Addis Ababa, Nov 20 (IANS) The UNHCR, the UN Refugee Agency, has called for enhanced protection measures for Eritrean asylum-seekers arriving in Ethiopia. "The Eritrean asylum-seekers have entered into Ethiopia through its northern regions of Afar and Tigray, seeking international protection and basic assistance," the UN Refugee Agency said in a statement released on Wednesday. According to the agency, an estimated 20,000 Eritreans have crossed into Ethiopia since January, joining the more than 70,000 Eritrean refugees already registered in the country. "Supporting these arrivals at an early stage is crucial," said the agency, noting that registration and documentation are critical to advancing refugees' protection. "The swift registration of asylum-seekers can reduce the risk of human trafficking among others," the agency added, Xinhua news agency reported.

Africa’s journey towards meeting the Sustainable Development Goals (SDGs) hinges on developing effective domestic financial markets that provide affordable finance. Participants will explore ways to strengthen African capital markets through integration and cooperation, paving the way for increased liquidity and cross-border trading. “By developing domestic financial markets, African countries can reduce dependence on volatile foreign capital and manage capital flows more effectively.”The challenges are stark. As Africa grapples with debt distress and limited access to conventional lending markets, the development of vibrant domestic financial markets has become an imperative. The Conference will serve as a catalyst for actionable strategies to strengthen Africa’s financial markets and boost the continent’s economic growth.

Ethiopia plans to export about 100 megawatts of electricity to Tanzania via Kenya once the nations finalize a deal that will enable cross-border trade in electricity. The quantum of power to be traded may be revised during final talks, according to Moges Mekonnen, a spokesperson at state utility Ethiopian Electric Power.

Akobo Minerals AB (DE:643) has released an update. Don't Miss our Black Friday Offers: Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top StocksMake smarter investments with weekly expert stock picks from the Smart Investor NewsletterAkobo Minerals AB has inaugurated its Segele mine in Ethiopia, marking a major milestone in the country’s gold mining industry. The event, attended by Prime Minister Abiy Ahmed, highlighted the mine’s potential to boost the national economy and benefit local communities. Akobo Minerals emphasizes ethical practices and community engagement, positioning itself as a key player in Ethiopian mining. For further insights into DE:643 stock, check out TipRanks’ Stock Analysis page.