In the meeting of the Iranian ambassador with the Minister of Agriculture of Ethiopia, the two sides reviewed the potential in that sector, emphasizing the strengthening and development of bilateral agricultural cooperation. Agriculture is an essential driving force behind economic growth in the Ethiopian economy. Crops and livestock production account for roughly 65% and 25% of agricultural GDP. SD/IRN85541324
Source:Ethiopian News
July 17, 2024 12:18 UTC
TPLF acknowledges ‘unprecedented’ internal challenges, calls for conference to ‘save the party from disintegration’(Photo: TPLF/Facebook)Addis Abeba – The Tigray People’s Liberation Front (TPLF) acknowledges confronting substantial internal difficulties, characterizing them as the most arduous encountered throughout its five-decade history. According to a statement released yesterday, the TPLF announced its decision to hold a party conference within the coming weeks. The party leadership underscored the importance of the conference “to save the party from disintegration.”The party leadership reportedly urged relevant parties to participate, emphasizing the urgency of the conference. “This highlights a conflict within the party leadership, with some members resistant to addressing weaknesses identified by the public,” the statement added. This agreement outlines a more streamlined and secure return process for IDPs to Western Tigray.
Source:Ethiopian News
July 17, 2024 10:46 UTC
Previously available only for domestic travellers, the 'check-in and baggage-drop' service now accommodates international passengers also. Read further on Dynamite News:New Delhi: The Delhi Metro Rail Corporation has extended check-in facilities for international passengers at the New Delhi and Shivaji Stadium metro stations on the Airport Express Line, a statement said on Wednesday. Previously available only for domestic travellers, the 'check-in and baggage-drop' service now accommodates international passengers flying with Air India and Vistara Airlines, a DMRC statement said. "The DMRC invites more airlines to set up this facility to further benefit travellers," it added. (with Agency inputs)
Source:Ethiopian News
July 17, 2024 10:17 UTC
On July 6, 2024, the military regimes of Burkina Faso, Mali and Niger signed a treaty called the “Confederation of Sahel States” in Niamey, cementing their departure from the Economic Community of West African States (ECOWAS). The main purpose of the pact is to promote cooperation in areas of common interest, such as defence and trade. ECOWAS falloutThe governments in Mali, Burkina Faso, and Niger were ousted in military coups in 2020, 2022 and 2023 respectively. In turn, ECOWAS suspended each of the new regimes from the regional bloc and imposed strict sanctions on Niger and Mali (archived here). Using a keyword search in French, AFP Fact Check found a copy of the AES charter published by RTB, a state broadcaster in Burkina Faso (archived here).
Source:Ethiopian News
July 17, 2024 09:53 UTC
At least 15 killed in Somalia after weapon smuggling from EthiopiaMOGADISHU, Somalia - At least 15 people were killed in Somalia on Tuesday following armed clashes between members of the Somali National Army (SNA) and militia, who had seized weapons from traders suspected to be involved in weapon smuggling from Ethiopia. The government soldiers and local militia opened fire against each other as they fought for two truckloads of weapons that had been smuggled from neighboring Ethiopia. Last year, the United Nations Security Council fully lifted a weapons embargo on Somalia, which had been in place since 1992. Upon inquiry by the VOA, an Ethiopian foreign ministry spokesperson did not immediately respond to a VOA request for comment. Close to 4,000 Ethiopian soldiers are serving under the African Union Transition Mission in Somalia.
Source:Ethiopian News
July 17, 2024 09:51 UTC
By Stephen GrangerLess than four weeks before the start of the Olympic Marathon takes off in Paris, the world’s leading marathon runners are engaged in their final preparations in various parts of the planet. Most Ethiopian athletes don’t get those privileges and have to struggle to overcome the challenges. The key question remains: Will the Ethiopian team adopt a unified strategy to navigate the competitive pressure? “(Tigist) Assefa certainly won’t repeat her fast times at Paris,” Gebresilassie continued. She did not finish in New York last November and only ran third in Hamburg (2:21:19).”Expectations for marathon success in Paris are high in Ethiopia.
Source:Ethiopian News
July 17, 2024 09:44 UTC
There are indications that the carrier equally wants to be competitive like other foreign airlines which fares are said to be more expensive compared to European carriers. However, under the new system implemented by Ethiopian Airlines, these purchases must now be made in dollars. The inability of airlines to repatriate funds from ticket sales in Ethiopia is hindering the country’s economic growth and recovery citing industry leaders. “The blocked funds issue is a significant constraint on our ability to invest and operate effectively in the Ethiopian market,” said Kamil Alawadhi, IATA’s Regional Vice President for Africa and the Middle East. Alawadhi noted that the blocked funds crisis in countries like Ethiopia is a major factor holding back the aviation sector’s contribution to economic growth across the continent.
Source:Ethiopian News
July 17, 2024 09:40 UTC
ISIOLO, Kenya (Reuters) - At least five people were killed and several others injured when an informal gold mine caved in and buried them alive in northern Kenya, a local official said. Authorities closed the Hillo subsistence gold mine near the Ethiopian border in March after several people were killed in clashes between local communities over access to the area, but miners have continued to dig at the site. Around 1,000 people overpowered security forces and invaded the area on Monday evening, said David Saruni, Marsabit County deputy commissioner. "They dug an abandoned site which collapsed and buried five bodies that were recovered," Saruni said late on Tuesday. Village elder Alio Guyo said nine bodies had been recovered from the rubble, which included five Kenyans and four Ethiopians.
Source:Ethiopian News
July 17, 2024 09:16 UTC
The agreement allows the CBUAE and the NBE to swap local currencies with a nominal value of up to AED 3 billion and ETB 46 billion. This supports the financial and commercial cooperation between the UAE and Ethiopia through the provision of liquidity in local currencies to financial markets, enabling more effective and efficient settlement of cross-border transactions. The MoU covers several measures that will facilitate the use of the two countries’ local currencies in the settlement of commercial transactions. The bilateral currency swap agreement and the MoUs signed today reflect the robust economic cooperation between the UAE and Ethiopia, specifically in the areas of trade and investment. We look forward to working closely with our partners in Ethiopia to enhance financial stability and achieve our mutual interests.
Source:Ethiopian News
July 17, 2024 08:37 UTC
Apollo Funds will acquire The Travel Corporation, ending its century-long history as a private entity and transforming its future growth trajectory. In a significant shift within the travel industry, The Travel Corporation (TTC), a consortium of 18 renowned travel brands, is set to be acquired by the private equity firm Apollo Funds. “For more than 104 years, our family has nurtured TTC into a beacon of quality and innovation in the travel sector,” Tollman stated. Apollo Funds’ existing investments in the travel sector include prominent names like the Venetian Resort Las Vegas and Hilton Grand Vacations, positioning TTC among a notable roster of industry leaders. This acquisition is poised to leverage TTC’s established market presence to scale new heights in the evolving travel landscape.
Source:Ethiopian News
July 17, 2024 08:09 UTC
Ethiopia sets the stage for its first securities exchange with new licensing directiveBrook Taye, Director General of the Ethiopian Capital Market AuthorityAddis Abeba – The Ethiopian Capital Market Authority (ECMA) has taken a step towards establishing a fully functional capital market in the country. On 16 July, 2024, the Authority issued a directive titled “Directive on Licensing, Operation, and Supervision of Securities Exchanges, Derivatives Exchanges, and the Over-The-Counter Market.”This directive outlines clear guidelines and requirements for obtaining licenses to operate both securities exchanges and over-the-counter markets, according to a statement released by the Authority. Officials also emphasized that the directive paves the way for the Ethiopian Securities Exchange (ESX) to officially begin operations. Director General Taye confirmed that most of the preparatory work for launching Ethiopia’s first full-fledged capital market is already finalized. Established in 2021, the Ethiopian Capital Market Authority is tasked with fostering the development and regulation of the capital market within Ethiopia.
Source:Ethiopian News
July 17, 2024 08:04 UTC
More than 100 people, mostly students, are being held for ransom by kidnappers in Ethiopia, the latest in an epidemic of abductions in the troubled country. It is now "very rare" to find a family "who has not been affected by kidnapping,” one local told The Guardian in January. Last year, the Ethiopian Human Rights Council said victims of the kidnapping epidemic "often endure torture, cruel treatment, and detainment under inhumane conditions, constituting severe crimes against human dignity". In Ethiopia's "broken economy" collecting ransoms is seen as "easy money" and "anyone can be a target". The British embassy advises UK nationals to "avoid regular patterns of travel or movement" in large parts of Oromia because of the risk of kidnapping.
Source:Ethiopian News
July 17, 2024 02:23 UTC
Second author withdraws from Scotiabank Giller Prize jury over bank’s ties to IsraelBy The Canadian Press on July 16, 2024. A protester films herself as she interrupts the Scotiabank Giller Prize in Toronto, on Monday, November 13, 2023. A second author has stepped down from this year's Scotiabank Giller Prize jury over the organization's refusal to cut ties with its lead sponsor. THE CANADIAN PRESS/Chris Young A protester films herself as she interrupts the Scotiabank Giller Prize in Toronto, on Monday, November 13, 2023. A second author has stepped down from this year's Scotiabank Giller Prize jury over the organization's refusal to cut ties with its lead sponsor.
Source:Ethiopian News
July 17, 2024 00:31 UTC
Try something new when Tesfa Ethiopian heads your way this week! Order by 10am day-ofWhether you've never had Ethiopian food, or you're already a fan, we hope you're excited for Tesfa Cuisine to come to you in Naperville, Bolingbrook, and Lemont on Wednesday, July 24th! Tefsa, one of the most highly rated Ethiopian restaurants in Chicago, offers traditional Ethiopian cuisine, with samplers for two, family samplers, and samplers for vegetarians and meat eaters. Popular choices include the Siga Wot, or spicy Ethiopian beef stew. the Doro Wot, or spicy chicken stew, or the vegetarian Tesfa specialty, Yetimatim Wot, which is a tomato stew.
Source:Ethiopian News
July 16, 2024 22:44 UTC
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Source:Ethiopian News
July 16, 2024 22:10 UTC