Ethiopia approves 1.5-billion-USD financial agreements with World Bank's IDA
Addis Ababa: The Ethiopian House of Peoples' Representatives (HoPR), the lower chamber of parliament, on Wednesday endorsed financial agreements involving 1.5 billion US Dollars with the World Bank's International Development Association (IDA), a fund for the poorest countries. The agreements consist of a 1-billion-Dollar grant and a 500-million-Dollar concessional loan to Ethiopia, said Tesfaye Beljige, the government whip in parliament, Xinhua news agency reported. He said the financial agreements aim to support Ethiopia's comprehensive reforms, the target of which is to stabilize the macroeconomic imbalances, with a particular focus on creating jobs, curbing inflation, addressing foreign exchange shortages, and facilitating structural adjustments. The loan is interest-free with a six-year grace period and will be paid in 38 years. The agreements on the grant and loan was signed Tuesday by Ethiopia and the World Bank.
Source:Ethiopian News
August 01, 2024 14:25 UTC
Olympics 2024: Katie Ledecky wins gold in swimming; Team USA leads in men's basketball
Eighteen gold medals are up for grabs at the Paris Games tomorrow. USA gymnast Simone Biles will compete in the Women’s Individual All-Around, and a USA swimming team that includes Katie Ledecky will be in the Women’s 4x200m Freestyle Relay. Here are some of the events and when to watch:Track and FieldThe Men’s 20km Race Walk starts at 1:30 a.m. ET/7:30 a.m. ParisWomen’s 20km Race Walk is 3:20 a.m. ET/9:20 a.m. ParisShootingMen’s Smallbore Rifle, Three Positions is at 3:30 a.m. ET/9:30 a.m. ParisRowingWomen’s Double Sculls is at 5:18 a.m. ET/ 11:18 a.m. ParisMen’s Double Sculls, 5:30 a.m. ET/11:30 a.m. ParisWomen’s Four, 5:50 a.m. ET/11:50 a.m. ParisSailingMen’s Skiff, 8:43 a.m. ET/2:43 p.m. ParisWomen’s Skiff, 9:43 a.m. ET/3:43 p.m. ParisJudoMen’s Half Heavyweight (100 kg/220 lbs. ), medal rounds begin, 11:18 a.m. ET/5:18 p.m. ParisWomen’s Half Heavyweight (78 kg/172 lbs. ), medal rounds begin, 11:49 a.m. ET/5:49 p.m. ParisCanoe SlalomMen’s (K-1) Kayak Single, 11:30 a.m. ET/5:30 p.m. ParisGymnasticsWomen’s Individual All-Around, 12:15 p.m. ET/6:15 p.m. ParisFencingWomen’s Team Foil, medal bouts, 1:10 p.m. ET/7:10 p.m. ParisSwimmingWomen’s 200m Butterfly, 2:30 p.m. ET/8:30 p.m. ParisMen’s 200m Backstroke, 2:38 p.m. ET/8:38 p.m. ParisWomen’s 200m Breaststroke, 3:11 p.m. ET/9:11 p.m. ParisWomen’s 4x200m Freestyle Relay, 4:03 p.m. ET/10:03 p.m. Paris
Source:Ethiopian News
August 01, 2024 11:47 UTC
Lawyers for Families of Passengers Killed in 737 Max Crashes Ask Court to Block Boeing Plea Deal
Some of the lawyers argued that the Justice Department has treated Boeing lightly because the company is a major contractor to the U.S. government. Under this month's deal, Boeing would pay a fine of at least $243.6 million, invest $455 million in compliance and safety programs, and be placed on probation for three years. The Justice Department and Boeing would pick a monitor to oversee the company's compliance. The families' lawyers also argued that the size of the fine Boeing would pay was far too small. They further argued that the court, and not the Justice Department, should pick the monitor to oversee Boeing during its probation.
Source:Ethiopian News
August 01, 2024 09:38 UTC
MobiFin at the Forefront of Connected Banking Summit 2024 in Ethiopia as a Gold Sponsor
MobiFin is a Gold Sponsor at the Connected Banking Summit Ethiopia 2024. Learn how our next-gen digital banking solutions can help your bank succeed. ADDIS ABABA, ETHIOPIA, August 1, 2024 / EINPresswire.com / -- Digital innovation is the driving force propelling the Ethiopian banking industry forward. "We at MobiFin are excited to contribute to this growth story by sharing our vision for an AI-powered banking future at the Connected Banking Summit 2024. By working together, we can create a digital-first and resilient financial ecosystem that drives Ethiopia towards economic development.
Source:Ethiopian News
August 01, 2024 09:07 UTC
Sifan Hassan to run 5,000m, 10,000m and marathon in Paris
Sifan, who was initially registered to compete in all four events, sent shockwaves through the sport when she attempted an unprecedented Tokyo treble three years ago. One of the toughest fighters on the track, Hassan fell during her opening 1,500 heat but came roaring back to advance and ultimately take bronze. Sifan, will begin her Olympic campaign with the 5,000 opening round on Friday and the final set for Monday. Kipyegon, the first woman to claim a 1,500-5,000 double at the worlds last year, will await Sifan in the 5,000 in Paris. In March this year she was fourth in the Tokyo Marathon, another of the world marathon majors.
Source:Ethiopian News
August 01, 2024 07:59 UTC
Hassan takes on long-distance challenge at Olympics
PARIS — Attempting to defend her 5,000- and 10,000-meter titles at the Olympics isn't enough for Ethiopian-born Dutch runner Sifan Hassan. She also will push herself in the ultimate test of endurance, adding the marathon to her program at the Paris Games. "I can't tell you I'm going to get the gold medal in every event," Hassan said Wednesday. But now she can match Emil Zatopek's exploit from 1952, when the Czech runner swept the 5,000, 10,000 and the marathon at the Helsinki Games. When Hassan started winning multiple events earlier in her career, she learned about Zatopek and watched a film about him.
Source:Ethiopian News
August 01, 2024 04:19 UTC
Ethiopia Says ICE Vehicle Import Ban Continues As Part of New Economic Reforms, Only EV Imports Allowed!
It was an immediate ban on the import of ICE cars. Tens of thousands of electric cars have been imported into Ethiopia in such a brief period. The initial decision to restrict the import of ICE cars was a very bold move by the Ethiopian government. Ethiopia has a population of 126 million people, but the total number of vehicles registered in Ethiopia is around 1.2 million. With the government reiterating its position and maintaining a ban on the imports of fully-built ICE vehicles, Ethiopia could become one of the fastest countries to transition to electric.
Source:Ethiopian News
July 31, 2024 23:58 UTC
Team USA's Naomi Girma is a formidable defender and a women's soccer team leader
The daughter of immigrants from Ethiopia, Naomi Girma learned to play soccer when her father started a soccer club for Ethiopian kids in San Jose, Calif. Girma discusses the journey that led her to professional soccer and the Paris Olympics with NBC News' Steve Patterson. Watch the 2024 Paris Olympics on NBC and streaming on Peacock, July 26 - Aug 11.July 31, 2024
Source:Ethiopian News
July 31, 2024 23:55 UTC
Tessori condoles with Ethiopian envoy on landslide incident
Governor Sindh, Kamran Khan Tessori (left) and Ambassador Extraordinary and Plenipotentiary of Ethiopia Jemal Beker Abdula (left) seen in this image. — Facebook @Ethiopia Embassy Islamabad/fileIslamabad:Governor Sindh, Kamran Khan Tessori on Wednesday visited the Ethiopian embassy to express condolence on demise of over 230 people in landslide incident, in Gofa Zone of the Southern part of Ethiopia. Upon arrival at the embassy, Special Envoy, Ambassador Extraordinary and Plenipotentiary of Ethiopia Jemal Beker Abdula, received the Governor Sindh. The Governor Sindh expressed solidarity with the government and people of Ethiopia over the tragic incident and sympathized with the bereaved families. Ambassador Jemal Beker expressed his commitment to work with the Government of Pakistan for addressing the climate change issues through joint initiatives under the Green Legacy Initiative.
Source:Ethiopian News
July 31, 2024 23:06 UTC
Relatives of Boeing crash victims urge US judge to reject plea deal
Some of the lawyers argued that the Justice Department is treating Boeing lightly because the firm is a major contractor to the US government. Under this month’s deal, Boeing would pay a fine of at least 243.6 million dollars (£189m), invest 455 million dollars (£354m) in compliance and safety programmes, and be placed on probation for three years. The Justice Department and Boeing would pick a monitor to oversee the company’s compliance. District Judge Reed O’Connor in Fort Worth, Texas, can accept the agreement and the proposed sentence, or reject the deal, which likely would lead to new negotiations between Boeing and prosecutors. Relatives of many of the victims want Boeing to be put on trial.
Source:Ethiopian News
July 31, 2024 22:00 UTC
Lawyers for families of passengers killed in 737 Max crashes ask court to block Boeing plea deal
Some of the lawyers argued that the Justice Department has treated Boeing lightly because the company is a major contractor to the U.S. government. Under this month's deal, Boeing would pay a fine of at least $243.6 million, invest $455 million in compliance and safety programs, and be placed on probation for three years. The Justice Department and Boeing would pick a monitor to oversee the company's compliance. The families' lawyers also argued that the size of the fine Boeing would pay was far too small. They further argued that the court, and not the Justice Department, should pick the monitor to oversee Boeing during its probation.
Source:Ethiopian News
July 31, 2024 21:56 UTC
Ethiopia receives US$1.5 billion in support from the World Bank
Ethiopia's Finance Minister expressed gratitude to the World Bank for its support, which is helping the country undertake ambitious reformsEthiopia has received US$1.5 billion from the World Bank to support its economic reforms. The Ethiopian Ministry of Finance said that this assistance is a testament to the strong relationship between Ethiopia and the World Bank. The World Bank is the largest source of development finance for Ethiopia. In the last five years, Ethiopia has received more than US$2 billion a year from the World Bank, half of which was in the form of grants. The agreements were signed between Ahmed Shide, the Minister of Finance of Ethiopia, and Maryam Salim, the World Bank Country Director for Ethiopia, representing the governments of Ethiopia and the World Bank, respectively.
Source:Ethiopian News
July 31, 2024 20:21 UTC
JetBlue Announces First Regular Supply of Blended SAF for Commercial Air Travel in New York
The blended SAF will be made available via existing infrastructure, including the Colonial Pipeline. Neat sustainable aviation fuel is produced from a wide array of feedstocks, including agricultural wastes and used cooking oils. “It takes support across the full supply chain to grow the blended SAF market and meet the aviation industry’s objectives. By partnering with JetBlue and helping the airline purchase more blended SAF through JetBlue-issued SAF certificates, corporate partners can reduce their business travel emissions while encouraging the blended SAF market. With this new supply of blended SAF available at JFK, JetBlue calls on New York businesses to join the airline in bringing even more blended SAF to its hometown.
Source:Ethiopian News
July 31, 2024 19:11 UTC
Japan 3, Argentina 1 (25-16, 25-22, 18-25, 25-23)
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Source:Ethiopian News
July 31, 2024 19:11 UTC
From Kerala’s Wayanad to Ethiopia to Papua New Guinea, deadly landslides kill hundreds across the world
Here is a quick look at some of the deadliest mega landslides across the world in the last three months. Monsoon season brings heavy rains to Nepal from June to September, leading to landslides in the Himalayan region. 4 5 PTIPapua New Guinea landslide: Death toll in thousands? Local officials and the government have differing estimates on the death toll, with some figures as high as 2,000. He stressed that while weather agencies can predict heavy rainfall, predicting landslides requires considering soil texture, soil moisture, and slope.
Source:Ethiopian News
July 31, 2024 15:57 UTC