EthSwitch S.C. has reported a net profit of ETB 789,609,373. for the 2023/2024 financial year. Solomon Desta, Chairperson of EthSwitch, attributed the success to the company's prudent expense management in a turbulent economic climate. As of June 30, 2024, the subscribed capital of the company stood at Birr 2.99 billion, with Birr 1.79 billion fully paid. This growth manifests the company further pouring strength within Ethiopia's digital payment platform and improvements related to interoperability between financial institutions. Solomon pointed out that this success was driven largely by the government's focus on advancing the Ethiopian digital finance scheme.

RAWALPINDI, NOV 14 /DNA/ – Ethiopian Ambassador, Jemal Beker Abdula, visited the Rawalpindi Chamber of Commerce and Industry (RCCI), engaging in discussions with RCCI President Usman Shaukat and other officials on enhancing trade and investment ties between Pakistan and Ethiopia. During the meeting, President Usman Shaukat provided an overview of RCCI’s ongoing initiatives and highlighted Ethiopia’s potential as a valuable market for Pakistan’s non-traditional exports, particularly in pharmaceuticals, agri-foods, defense equipment, and IT services. He noted that mutual trade delegations are essential for building networking opportunities and expanding trade cooperation between the two nations. Addressing the meeting, Ethiopian Ambassador H.E. A presentation was also shared with attendees, showcasing various opportunities for trade and investment in Ethiopia.

Members of Israel's Ethiopian Jewish Community Pictured with a Torah from Jewish National Fund-USA (Credit: JNF-USA)Earlier this year, the municipality began to renovate, however, the plan ran into issues. This is where Jewish National Fund-USA came into the picture. Jewish National Fund-USA has been involved in several projects on behalf of Shavu Banim – from donating a Torah scroll to agricultural ventures. “Shavu Banim is not just a building – this is the heart and the soul of Beer Sheva’s Ethiopian Jewish community,” said Avi. “We believe that 20,000 people could visit Shavu Banim each year, and we are working on building partnerships with organizations that bring visitors to Israel.

In a policy shift aimed at enhancing foreign currency flexibility for exporters, the National Bank of Ethiopia (NBE) announced that exporters would be allowed to retain 50 percent of the foreign currency they generate indefinitely. Under this new system, exporters can sell half of their foreign currency earnings immediately and hold the remaining half in their accounts in Ethiopia without time restrictions. Previously, exporters were required to sell 50 percent of their foreign currency earnings immediately to banks and were obligated to sell the remaining half within a month. “This new policy will provide exporters with the freedom to manage half of their earnings on their terms, eliminating the month-long selling deadline,” Mamo Mehretu said. The government’s macroeconomic reforms, which include overhauling foreign exchange management, have allowed the foreign exchange rate to be determined by the market rather than through direct government intervention.

The objective of the memorandum is to create a framework for further cooperation in the field of climate changeWithin the framework of the 2024 UN Climate Change Conference (UNFCCC COP 29) held in Baku, Ethiopia and Russia signed a memorandum of understanding on climate change and low-carbon development. The document was signed by Vladimir Ilyichev, Deputy Minister of Economic Development of Russia, and Seyoum Mekonnen, Deputy Minister of Planning and Development of Ethiopia. The main objective of the memorandum is to create a framework for further cooperation in the field of climate change, low-carbon development and sustainable finance, as well as the possibility of implementing climate projects and developing carbon markets. With the support of the Ethiopian side, we managed to adopt the BRICS Framework on Climate Change and Sustainable Development. The Memorandum and the newly established BRICS Contact Group on Climate and Sustainable Development will allow the BRICS countries to fulfil their objectives as effectively as possible.

Reading time 1 minTwo years after the Pretoria agreements ended the Tigray war, what’s the situation on the ground? The conflict resulted in nearly 600,000 deaths, with Eritrean soldiers fighting alongside the Ethiopian federal army against the Tigray People’s Liberation Front. Its goal was to put an end to the conflict that broke out in November 2020 and wracked the northern Tigray region of Ethiopia for two years. Although the deal provided for the “withdrawal of foreign forces” – an implicit reference to Eritrean forces – the latter have not left the area. In several villages, the inhabitants live under the occupation of these Eritrean forces who impose their law, as they tell our correspondent in this report.

— X@DKinPKIslamabad:Sustainable Development Policy Institute (SDPI) and Embassy of Denmark in Pakistan, together launched the second phase of the knowledge partnership initiative on “Unlocking the potential of carbon markets in Pakistan.”The launch of project was announced here at a reception of high-level delegates, diplomats and policy makers of Pakistan. “Now, we are excited to support the industries and corporates, especially the small and medium enterprises, in accessing carbon markets, creating new opportunities for green growth and resilience. The project’s initial phase in 2023 successfully laid the groundwork for developing a carbon market in Pakistan. The SDPI has also supported revisions to national carbon trading guidelines and facilitated alignment between Federal and provincial governments on carbon policy issues. The second phase of the project aims to expand the impact of the initial work by creating accessible entry points for small and medium enterprises (SMEs) in Pakistan to participate in carbon markets.

By Juliet ETEFE ([email protected])Ethiopian Airlines has expanded its market offering by introducing Africa’s first Airbus A350-1000, which touched down at Ghana’s Kotoka International Airport on November 8. The A350-1000 is the first to be delivered to Africa, and Ethiopian Airlines is the only airline operating it now. Captain Firomssa Chala Gossa, who piloted the aircraft to Ghana around 11:45 am on Friday, detailed the unique features of the Airbus A350-1000 to the media. Beyond passenger capacity, the A350-1000 offers increased cargo space, accommodating up to 40 tonnes more than the A350-900 model. Currently, Ethiopian Airlines is operating a total of 155 aircraft, including 21 A350-900, and it has 72 aircraft on its order book – including Boeing’s latest B777X.

DUBAI: The Saudi-Egyptian podcast host and influencer shares memorable style moments, her take on trends, and the best and worst advice she ever received. I wouldn’t say I have a worst, necessarily, but any time I opt for a trend, it does not age well. Best book you’ve ever read? Worst book you’ve ever read? Sometimes, if you do not have the energy for an intense workout, it’s best to listen and not force it.

State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming Puerto Rico US Virgin Islands Armed Forces Americas Armed Forces Pacific Armed Forces Europe Northern Mariana Islands Marshall Islands American Samoa Federated States of Micronesia Guam Palau Alberta, Canada British Columbia, Canada Manitoba, Canada New Brunswick, Canada Newfoundland, Canada Nova Scotia, Canada Northwest Territories, Canada Nunavut, Canada Ontario, Canada Prince Edward Island, Canada Quebec, Canada Saskatchewan, Canada Yukon Territory, CanadaZip Code

× Browser CompatibilityYour browser is out of date and potentially vulnerable to security risks. We recommend switching to one of the following browsers:

The first design hotel in Coronado in decades, the CH Projects project will be designed by acclaimed Brooklyn firm Post Company, and include three new restaurant concepts. SAN DIEGO – Acclaimed San Diego hospitality group CH Projects announces its second hotel, Baby Grand, opening in early 2025. Situated across from the iconic Hotel Del Coronado in the town center on Orange Avenue, the hotel will be the first design hotel of its kind in two decades in the popular Southern California destination. The $17 million project by award-winning Brooklyn design firm Post Company will feature 31 keys and three new restaurant concepts. The design will thematically reference the area’s coastal setting paired with CH Projects’ signature maximalism, striving to progress the social landscape of San Diego’s distinctive neighborhoods and cultures.

Polls have closed across Somaliland after presidential elections, and it appears Wednesday's voting across the breakaway region has gone smoothly. More than 1 million people were registered to vote across some 2,000 polling stations in Somalia's breakaway region. In the evening, vote counting was underway, according to the electoral agency. General Mohamed Adan Saqadhi, head of Somaliland Police Force, said throughout Somaliland the election was peaceful. Voters cast ballots amid tensionWednesday's vote comes at a time when tensions remain high between Somalia and Ethiopia over a controversial memorandum of understanding that Ethiopia signed with Somaliland.

ISLAMABAD: Special Envoy and Ambassador of Ethiopia Dr Jemal Beker Abdula was conferred Global Ambassador Award on Wednesday for his diplomatic achievements in fostering closer ties between Ethiopia and Pakistan. The Diplomatic Insight, a public diplomacy organisation based in Pakistan, recognised Ambassador Jemal Beker for his significant contributions to enhancing bilateral, regional, and multilateral relations between the two nations. The award was presented at the 6th Global Ambassador Awards Ceremony 2024 in Islamabad, attended by ambassadors, government officials, business leaders, academics, and civil society representatives. Ambassador Jemal Beker, an experience diplomat had previously served in Ethiopian missions in Australia, Bahrain, and Pakistan. Ambassador Jemal Beker’s work had successfully deepened government-to-government and people-to-people connections, as well as economic and societal cooperation between Ethiopia and Pakistan.

CDA Chairman Muhammad Ali Randhawa presides over the 16th CDA Board meeting at the CDA Headquarters on Novemebr 13, 2024. — Facebook@cda.isb.pkIslamabad:At its 16th Board meeting on Wednesday, the Capital Development Authority (CDA) approved the Islamabad Rehabilitation Regulations 2024, marking a significant shift in policies related to land and Built-Up Property (BUP) acquisition within the Islamabad Capital Territory (ICT). The new regulations revise existing rehabilitation practices following a recent ruling from the Islamabad High Court (IHC). Under the newly approved Islamabad Rehabilitation Regulations, 2024, affectees will receive monetary compensation rather than plots for their acquired land and properties, aligning with the CDA Ordinance, 1960's directive for fair, market-based compensation. During the meeting, CDA Chairman Muhammad Ali Randhawa instructed the board to expedite the promotion process for deserving officers and other employees.