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
Korangi's Traders, Industrialists Keen To Explore Ethiopian Market
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.
Source:Ethiopian News
November 20, 2024 17:01 UTC
President Taye meets with Ethiopian Quality Award Organization board members
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.
Source:Ethiopian News
November 20, 2024 16:59 UTC
Ethiopian cargo wins best cargo airline-Africa award
- 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.
Source:Ethiopian News
November 20, 2024 16:50 UTC
Fashion Arts Fund names new leader as shift toward new vision comes into focus
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.”
Source:Ethiopian News
November 20, 2024 16:05 UTC
UNHCR calls for strengthening protection of Eritrean asylum-seekers in Ethiopia
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.
Source:Ethiopian News
November 20, 2024 15:50 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