African group calls for equitable climate finance at COP29 – New Business Ethiopia
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.
Source:News Business Ethiopia
November 20, 2024 19:07 UTC
Africa advised to deepen domestic financial markets – New Business Ethiopia
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.
Source:News Business Ethiopia
November 20, 2024 15:09 UTC
Ethiopia Readies Plans to Export Power to Tanzania via Kenya
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.
Source:Ethiopian News
November 20, 2024 13:55 UTC
Akobo Minerals Celebrates Segele Mine Launch in Ethiopia
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.
Source:Ethiopian News
November 20, 2024 13:40 UTC
Akobo Minerals and Ethiopian Prime Minister Abiy Ahmed inaugurate the Segele Mine
Akobo Minerals and Ethiopian Prime Minister Abiy Ahmed inaugurate the Segele Mine Wed, Nov 20, 2024 14:01 CET Report this contentOSLO, 20 November 2024 — Akobo Minerals AB (publ) (Euronext and Frankfurt: AKOBO) a Scandinavian-based Ethiopian gold exploration and mining company, in collaboration with the Ethiopian government, proudly announces the official inauguration of the Segele mine by His Excellency Prime Minister Abiy Ahmed. The inauguration ceremony brought together key dignitaries and Akobo Minerals staff to celebrate this remarkable achievement. Akobo Minerals CEO Jørgen Evjen shared heartfelt words of gratitude during his address, applauding the tireless efforts of the Akobo Minerals and Etno Mining teams in preparing for this momentous day. She expressed her gratitude to Akobo Minerals for their commitment to the region's growth and development. Akobo Minerals places great emphasis on meeting and exceeding industry standards, fully complying with all aspects of the JORC code, 2012.
Source:Ethiopian News
November 20, 2024 13:39 UTC
COP29 Official Side Event : "Belt and Road" Climate Mitigation and Adaptation Successfully Held
Representatives from government, business, and non-governmental organizations from China and Ethiopia shared their experiences and practices on the synergy between economic development and addressing climate change along the "Belt and Road". The Belt and Road Ecological Industry Cooperation Working Committee of the All-China Environment Federation released the 2024 "Belt and Road" Green Supply Chain Cases and the 2024 "Belt and Road" Eco-environmental Governance Technology and Product Recommendation Directory during the event. She also showcased Ethiopia's efforts in regional energy integration and sustainable development and expressed support for China's green "Belt and Road" work. Mr. Liu stated that under the framework of the "Belt and Road", green development cooperation has become the main theme between China and the countries along the Belt and Road. They also exchange views on the application of renewable energy and synergy between ecological protection and tackling climate change in "Belt and Road" countries.
Source:Ethiopian News
November 20, 2024 13:15 UTC
Saudi authorities seize huge drug haul, arrest hundreds
Riyadh: Saudi authorities recently made several drug-related arrests and confiscations in operations across the Kingdom, the Saudi Press Agency reported on Wednesday. The General Directorate of Border Guard thwarted an attempt to smuggle 939 kg of hashish, 82,409 amphetamine pills, 291,499 regulated tablets, and 103 tonnes of qat. Meanwhile, in Jazan, Border Guard patrols foiled attempts to smuggle 90 kg and 140 kg of qat in Al-Dayer and Al-Arda, respectively. In the Al-Raboah sector of Asir, patrols arrested five Yemenis and Ethiopians attempting to smuggle 120 kg of qat. Individuals with information may also contact the General Directorate of Narcotics Control at 995 or through email at 995@gdnc.gov.sa.
Source:Ethiopian News
November 20, 2024 12:44 UTC
Ethiopian Ambassador lauds Governor Sindh for Youth Empowerment Initiatives
Both sides discussed matters of common interest including needful initiatives to increase bilateral cooperation in aviation, economic, education, health, science and technology sectors. The Ambassador also highlighted enormous business, trade and investment opportunities in its major economic sectors including agriculture, agro-processing, manufacturing, mining, tourism and ICT. Ambassador Dr. Jemal Beker lauded the role being played by the Governor Sindh for empowering the youth of Pakistan by equipping them with modern technologies that enabled them to become global citizens. On the other hand, the Governor Sindh briefed the Ambassador about the courses and trainings of modern skills being imparted to the youth in the Governor House for enabling them to get respectable and profitable livelihoods. The Governor Sindh said the Government of Pakistan is committed to the Look Africa and Engage Africa policy, appreciating the Ethiopian Airlines role in connecting his country with the whole continent of Africa with a market of over 1.4 billion people.
Source:Ethiopian News
November 20, 2024 12:01 UTC
Ethiopian Forces Detain Soldiers Amid FGS-Jubaland Dispute Over Election
Ethiopian Forces Detain Soldiers Amid FGS-Jubaland Dispute Over ElectionDOLOW, Somalia - Six alleged Somali National Army (SNA) soldiers have been detained by the Ethiopian Forces at Dolow airport within the Gedo region, multiple sources have confirmed on Tuesday. According to the sources, the six soldiers were captured after arrival from Mogadishu, the capital of Somalia. Ethiopia has lately shifted its support to Jubaland after years of frosty relationship after falling out with Mogadishu. Somalia recently said Ethiopian troops will leave the country by December 2024 after Addis Ababa signed a controversial sea access agreement with Somaliland in January 2024. Over 4,500 Ethiopian troops serving in the African Union Transition Mission in Somalia (ATMIS) are stationed in different parts of the country where they are involved in the fight against Al-Shabaab.
Source:Ethiopian News
November 20, 2024 11:27 UTC
Aleph Hospitality announces two luxury resorts in Morocco – New Business Ethiopia
Aleph Hospitality, the first and largest independent hospitality management company in the Middle East and Africa, has signed management agreements with the owners of two luxury resorts: Marchica Lagoon Resort in Nador and Michlifen Resort & Golf in Ifrane, Morocco. Aleph Hospitality has assumed operations of the two luxury resorts, bringing its world-class hospitality management expertise to both hotels. At an altitude of 1,650 metres, the luxury resort enjoys snow in winter and offers a cool mountain climate in summer. Bani Haddad, Founder and Managing Director of Aleph Hospitality says: “We are thrilled to have been trusted with the management of these two exceptional luxury resorts in Morocco. Aleph Hospitality manages all aspects of hotel operations at any stage of development – from site and brand selection to technical assistance, pre-opening and day-to-day operations.
Source:Ethiopian News
November 20, 2024 10:38 UTC
CAM-Supported Ethiopian Women Empowerment Project Launches Public Advocacy Course
The first session of the Ethiopian Women Empowerment project’s new public advocacy course was held on Sunday in Tel Aviv. The purpose of the course is to equip Ethiopian Israeli women with the knowledge and tools to be ambassadors for themselves and their community in the public sphere, both online and off. Ethiopian Women Empowerment is backed by the philanthropic arm of the Combat Antisemitism Movement (CAM). The curriculum of the eight-session course includes lessons on public speaking, the English language, social media, content creation, and the Israeli-Palestinian conflict, among other topics. Earlier this year, four volunteer entities supported by CAM — including Ethiopian Women Empowerment — were recognized by Israeli President Isaac Herzog for their efforts helping people and communities impacted by the attack.
Source:Ethiopian News
November 20, 2024 08:26 UTC
Wiki-Imagine Lagos Webinar Launches Writing Contest To Preserve Cultural Heritage
November 19, (THEWILL) – The Wiki-Imagine Lagos Webinar on Thursday brought together journalists, tourism experts, and cultural enthusiasts to spotlight the critical role of journalism in promoting and preserving Lagos State’s rich cultural heritage. A key highlight of the virtual event was the official launch of the Wiki-Imagine Lagos Writing Contest, designed for travel writers and enthusiasts. She also introduced the writing contest, encouraging journalists to publish articles that spotlight Lagos’ underrepresented heritage in notable media outlets. She emphasized that the partnership with Wikimedia ensures Lagos’ cultural heritage is preserved and appreciated globally. The Wiki-Imagine Lagos Writing Contest remains open, offering travel writers and cultural enthusiasts an opportunity to highlight the state’s hidden gems while competing for substantial rewards.
Source:Ethiopian News
November 20, 2024 07:43 UTC
Court Orders Tinubu Govt To Facilitate Immediate Release Of 270 Nigerians Languishing In Ethiopian Prison
A Federal High Court in Abuja has ordered the Nigerian Government under the leadership of President Bola Tinubu to facilitate the immediate release of 270 Nigerians currently imprisoned or detained in Kaliti Prison, Ethiopia. The order of mandamus was granted by the court following a motion on notice filed by Sunday Mmaduagwu, Henry Anyanwu and Leonard Okafor. Mr Mmaduagwu averred that since he arrived in the prison to see his cousin, he met over 270 Nigerians arrested and detained. Mr Ekwo said he observed that the application was brought on behalf of Nigerian citizens detained and imprisoned abroad. The judge, who ordered the ministry and NIDCOM to receive and return the imprisoned Nigerians home, refused to grant their 1st relief seeking a declaration that the detained Nigerians’ rights had been breached by the respondents.
Source:Ethiopian News
November 20, 2024 05:59 UTC
Ndume wants late Ifeanyi Ubah’s widow to replace her husband in Senate
Borno South Senator Ali Ndume has appealed to the upper chamber to support the widow of late Ifeanyi Ubah to replace her husband as the senator representing Anambra South Senatorial District. Mr Ndume made the appeal on Tuesday during the valedictory session organised by the Senate in honour of the late senator. During the valedictory service, Mr Ndume appealed to his colleagues to ensure that the late Mr Ubah’s widow replaced her husband to continue the senator’s legacies. Mr Ndume, therefore, appealed to his colleagues to support Mr Ubah’s wife in getting her late husband’s seat. “What I want to appeal to you, Mr President, is, let us keep his spirit, aspirations of ifeanyi alive,” Mr Ndume added.
Source:Ethiopian News
November 20, 2024 05:59 UTC
Court orders repatriation of 270 Nigerians in Ethiopian prison
The Federal High Court in Abuja has ordered the Ministry of Foreign Affairs and the Nigerians in Diaspora Commission to bring back no fewer than 270 Nigerians currently imprisoned or detained in Kaliti Prison, Ethiopia. The plaintiffs filed the suit on behalf of Nigerians imprisoned in Ethiopia Prison. Mmaduagwu averred that since he arrived in the prison to see his cousin, he met over 270 Nigerians in detention. He alleged that NiDCOM, in a television interview, even stated that what the detained Nigerians in Kaliti Prison are given as food cannot be fed to rats. “The 1st and 2nd respondents cannot be allowed to argue their way out of their respective statutory functions.
Source:Ethiopian News
November 20, 2024 05:58 UTC