News: OFC says political failure, civil war and economic crisis vicious circle haunting Ethiopia, calls for cessation of hostilities, genuine national dialogue
As we speak today, a civil war is raging in all parts of Oromia hidden from the eyes of the world. Political failure, the civil war and the economic crisis in Ethiopia are directly inextricably related. Genuine National Dialogue is the only solution to save our countryOur problems are numerous and complex. We call on them to stop trying to control both the process and outcome of the national dialogue and to open the political space. National dialogue cannot be conducted in the middle of a civil war.
Source:Ethiopian News
May 12, 2022 21:44 UTC
ECA’s Conference of Ministers kicks off in Senegal –
Addis Ababa, May 12, 2022(Walta) – The 54th session of the Conference of African Ministers of Finance, Planning and Economic Development (CoM2022), taking place from 11 to 17 May 2022, has kicked off in Dakar, Senegal. The hybrid event is jointly hosted by the Economic Commission for Africa (ECA) and the Government of Senegal on the theme “Financing Africa’s Recovery: Breaking New Ground. :Senegal’s President and current Chairperson of the African Union, Macky Sall officially opened the conference. The event will draw seasoned and high-level panelists from governments, academia, the private sector, as well as central bank governors from within and outside Africa. The choice of theme for CoM2022 was largely influenced by the fact that development financing gaps have widened significantly since the outbreak of the pandemic.
Source:Ethiopian News
May 12, 2022 20:57 UTC
BOSS Money Expands Remittance Service to Ethiopia with Direct Deposit
“BOSS Money has attracted a loyal following in the Ethiopian diaspora because of our reliable cash pick-up service, low fees, and favorable exchange rates,” said Alfredo O’Hagan, IDT’s SVP for Consumer Payments. Customers in the United States can also send cash from over 1,000 BOSS Money retailers across the country. BOSS Money’s direct deposit option is available to account holders at the following Ethiopian Banks: Abay Bank, Addis International Bank, Awash International Bank, Bank of Abyssinia, Berhan International Bank, Bunna Bank, Commercial Bank of Ethiopia, Cooperative Bank of Oromia, Dashen Bank, Debub Global Bank, Development Bank of Ethiopia, Enat Bank, Lion International Bank, NIB International Bank, United Bank, Wegagen Bank, and Zemen Bank. Our BOSS Money international money remittance and mobile top-up services offer convenient and reliable value transfers. Our IDT Global and IDT Express wholesale offerings enable communications service enterprises to provision and manage international voice and SMS services.
Source:Ethiopian News
May 12, 2022 20:45 UTC
Nickel Brook Brewing Releases Daily Grind Buzzin’ Coffee Pale Ale
BURLINGTON, ON – Nickel Brook Brewery has announced the release of its latest small batch beer. Daily Grind Buzzin’ Coffee Pale Ale (5% abv):Catch a case of the shakes with fresh jitter juice. Bursting with dark berry, subtle sweetness, and fruity coffee, this brew breaks the routine. Daily Grind is available now at the Nickel Brook retail store and online shop. Source & Photo: Nickel Brook Brewing
Source:Ethiopian News
May 12, 2022 20:40 UTC
Jury Selection Begins For Minnesota Man Charged in Mass Shooting
Get our free mobile appBuffalo, MN (KROC-AM News) - Court officials in Minnesota's Wright County say the jury selection process started today for the trial of the man charged with opening fire inside a health clinic and the killing of a former Rochester woman. The criminal complaint says five people were allegedly shot by Ulrich and one of the victims later died. 37-year-old Lindsay Overbay was the mother of two young children and previously lived in Rochester while working at the Mayo Clinic. Ulrich is currently being held in the Wright County Jail on $5 million conditional bail. Rochester Woman Chases People With A KnifeRochester Woman Chases People With A Knife
Source:Ethiopian News
May 12, 2022 20:11 UTC
Luban Workshop in Ethiopia Celebrates First Anniversary –
Addis Ababa, May 3, 2022 (Walta) – The anniversary of the establishment of the Luban workshop in Ethiopia has been celebrated colorfully. The program was held via webinar at Tianjin University of Technology and Education in China and Ethiopian Technical and Vocational Training Institute at the same time. Ethiopian Engineering Practice Innovation Project (EPIP) Research Center (Technical and Vocational Training Institute) and China-Africa (Ethiopia) Industrial Robot Technology Friendship Competition is launched on the program. From May to July 2022, the two schools will set up a team of experts in the relevant fields of the two countries to carry out competitions by using the industrial robot platform of the Luban Workshop. The Luban workshop in Ethiopia was launched on April 28, 2021.
Source:Ethiopian News
May 12, 2022 19:53 UTC
5 Of The World's Fastest Growing Markets
In this article, we’ll explore the 5 fastest growing markets in the world today – if you plan to start or grow your business internationally, keep reading. 5 of the world’s fastest growing markets1) IndiaIndia is the fastest-growing market in the world thanks to its large middle class and massive domestic consumption. Although China is predicted to pass India as the world’s fastest growing economy, businesses seeking to profit off global expansion shouldn’t ignore India. 3) PakistanThe World Bank forecasts Pakistan to grow expansively in the next few years, making it one of South Asia’s fastest growing economies. 5) EthiopiaAt 8.1%, Ethiopia is projected to be one of Africa’s fastest growing economies over the next decade.
Source:Ethiopian News
May 12, 2022 19:31 UTC
ICFJ/ U.S. Department of State Professional Training Program 2022 for Ethiopian Journalists
The program will accept up to 320 media professionals, and consists of two primary phases:An eight-week online training series: Training sessions will last two hours per session and occur two times per week. Each participant will attend one training session aligning with their interests and will have the opportunity to be selected for the in-person training event in Addis Ababa. An in-person training event in Addis Ababa for up to 50 of the best performing participants from the virtual training series. This event will consist of four training sessions over three days. Timeline:May 27, 2022: Application deadlineJune 1, 2022: Participant selection completedJune 6, 2022: Training sessions begin onlineAugust 12, 2022: In-person participant selection completedAugust 22-24: Three-day in-person training in Addis AbabaFor More Information:Visit the Official Webpage of the ICFJ Professional Training Program 2022
Source:Ethiopian News
May 12, 2022 18:59 UTC
Ethiopian Transports 100Mn Flower Stems for Mother's Day
Ethiopian Cargo and Logistics Services, the largest cargo operator in Africa, said it has transported a hundred million flower stems for Mother's Day celebrations. The carrier transported the flowers from Addis Ababa (Ethiopia), Nairobi (Kenya), Bogotá (Colombia) and Quito (Ecuador) to the US and Europe. During the Valentine's Day celebrations in February this year, Ethiopian had transported over 110 million flower stems to various destinations acrosst the globe. Source: Ethiopian Airlines
Source:Ethiopian News
May 12, 2022 18:43 UTC
Ethiopia: Tigray’s economy destroyed by civil war
After three weeks, Tigray’s forces were driven into the mountains of central Tigray and Ethiopian forces took control of Mekelle. What’s more, the Eritrean and Ethiopian forces responsible for the looting killed 16 civilians who tried to stop them. A wide variety of coercive mechanisms were used to attack Tigrayan businesses in the rest of Ethiopia. Following the December 2021 retreat of Tigray’s forces, it appears that measures being taken by authorities against Tigrayans outside of Tigray have decreased. When also taking into consideration the increasingly battered Ethiopian economy, it appears that rehabilitating Tigray’s economy will take many decades.
Source:Ethiopian News
May 12, 2022 17:31 UTC
Shuttle Commerce Helping Create Independent Women
This line of business has been providing decent income for women and their kin, all the while contributing to their independence as these women plan, manage, and deliver through shuttle or travel commerce. Upon arrival at their destination, transport options and hassles confront these luggage traders. Of course, luggage traders can bring in excess of that with additional payment. Despite higher prices of many Dubai items attained from shuttle traders, Eden claims it is still cheaper than local options like Merkato. The issue of more women involving in economic activities has far-reaching impacts and consequences than just empowering women or sharing household expenses.
Source:Ethiopian News
May 12, 2022 13:26 UTC
Breaking: Plane Crashes With 11 People Onboard – 9News Nigeria
Social sharingA passenger plane carrying 11 people on board has reportedly crashed in a forest in central Cameroon on Wednesday, 9News Nigeria learnt. On the afternoon of Wednesday, a major storm had hit Cameroon’s capital, Yaoundé, causing the plane to lose signal after taking off from the city’s Nsimalen airport. Ernest Ngalle Bibehe, Cameroon’s Transport Minister, confirmed in a statement that air traffic control lost contact with the plane. “Air traffic controllers lost radio contact with the aircraft,” according to the statement, which was later “located in the forest” near Nanga Eboko, about 150 kilometres (90 miles) northeast of the capital Yaounde. 9news Nigeria
Source:Ethiopian News
May 12, 2022 13:22 UTC
safaricom: Kenya's Safaricom optimistic on Ethiopia as profits jump, Telecom News, ET Telecom
NAIROBI: Kenya's biggest telecoms operator Safaricom is encouraged by the positive outlook in Ethiopia and plans to start operations there this year, its chief executive said on Thursday after reporting a 13.5% rise in group operating profit.The company, which is partly owned by South Africa's Vodacom and Britain's Vodafone, secured a licence to operate in neighbouring Ethiopia a year ago, but is yet to launch operations there.Safaricom said in November that the war that broke out in 2020 between the Ethiopian government and Tigray People's Liberation Front could affect its initial target of breaking even within four years of the subsidiary's launch. "Ethiopia has experienced some unforeseen and unprecedented circumstances since our licence award," Safaricom's CEO Peter Ndegwa told an investor briefing on Thursday. "We are encouraged though by the positive outlook to Ethiopia's security and political situation, and the return to normal economic activity in most of the areas in the country," he said.The group will still launch commercial operations there this year, he added.To supplement its network, which will launch with 1,000 base transmission stations, Safaricom will connect to and eventually share towers with state telecoms firm Ethio Telecom, he said. "That is an important part of our ability to launch," he said, adding that a deal on the tower network will be done by the end of this month.The Ethiopian telecoms regulator signed off on the plan for the firms to share infrastructure last month.Safaricom's earnings before interest and taxes (EBIT) jumped to 109.1 billion Kenyan shillings ($940.52 million) in its year to the end of March, driven by its financial services business, it said.In its home market, service revenues rose 12.3%, with revenue from mobile money platform M-Pesa surging by close to a third.M-Pesa, launched as the world's first ever mobile phone-based money transfer service 15 years ago, has over the years grown to largely outpace revenues from data and voice.Safaricom cut its final dividend by almost a fifth to 0.75 shillings and guided for EBIT to reach 87 billion to 93 billion shillings in its year to the end of next March.
Source:Ethiopian News
May 12, 2022 11:37 UTC
Ethiopia Is Committing Genocide Against the Tigrayan People, Say Priests From Region
VATICAN CITY — “Tigray is really in hell,” said a Catholic priest from the war-ravaged northern region of Ethiopia. “I consider these to be war crimes.”The priest’s testimony echoes those of other Church leaders in the region. “I feel Church authorities have no real picture of the terrible situation,” said one of the three priests contacted by the Register. “Tigrayan people are not beggars, but the government deliberately destroyed last year’s harvest so now they’re trying to portray us as the poorest region,” said one of the priests. He also claimed the Tigrayan militias are no longer a force as they have all been effectively halted.
Source:Ethiopian News
May 11, 2022 17:31 UTC