Ethiopia considers withdrawing MoU with Somaliland
Ethiopia considers withdrawing MoU with SomalilandADDIS ABABA - The Government of Ethiopia is considering the possible withdrawal of the Memorandum of Understanding (MoU) with Somaliland, credible reports indicate, which could be informed by growing pressure from members of the international community. Ethiopia has been under pressure to withdraw from the agreement, with many international partners referring as blatant aggression on Somalia’s sovereignty and territorial integrity. Somalia has since asked the United Nations to take action against Ethiopia. Ruto also hosted Somalia President Hassan Sheikh Mohamud. Ethiopian officials privately told foreign officials that the country may be willing to drop its recognition of Somaliland, according to five foreign officials who were briefed on Addis Ababa’s stance.
Source:Ethiopian News
March 09, 2024 15:28 UTC
Agriculture, remittances recovery to boost Somalia’s economy – New Business Ethiopia
Supported by continued recovery in agriculture, remittances, and investment, Somalia economic growth in 2024 is expected to improve by around one percent compared to the previous year, according to the International Monetary Fund (IMF). Remittance inflows are expected to improve in the context of moderating global inflation and an upgrade of the global growth outlook. Near-term risks include climate shocks, security risks in Somalia and the region, and lower global growth,” IMF said. During the meeting, the IMF team has reached a staff-level agreement on the first review under the Extended Credit Facility (ECF) arrangement. Board approval would enable access to SDR 7.5 million (about $10 million), bringing total disbursements under the arrangement to about $50 million,” said Ms. Jaramillo, in the statement.
Source:News Business Ethiopia
March 09, 2024 10:25 UTC
Gold prices rise Rs450 per tola
— AFP/FileKARACHI: Gold prices increased by Rs450 per tola on Friday in the local market following an increase in the international market. The All Sindh Saraf Jewellers Association stated that gold rates reached Rs228,600 per tola. Gold rates increased by $6 to $2,180 per ounce in the international market. Silver rates remained unchanged at Rs2,600 per tola. Prices in the local market are adjusted by a premium of $20 against rates in the international market.
Source:Ethiopian News
March 09, 2024 06:12 UTC
Ethiopian Airlines marks Int'l Women's Day with all-women-functioned flight
ADDIS ABABA, March 8 (Xinhua) -- Ethiopian Airlines on Friday operated an all-women-functioned flight from the Ethiopian capital of Addis Ababa to London, the United Kingdom, to mark International Women's Day. In connection with International Women's Day, which fell on Friday, the Ethiopian flag carrier held a special ceremony honoring women's contribution to the aviation industry, featuring the all-women-crew flight. Mesfin Tasew, chief executive officer (CEO) of the Ethiopian Airlines Group, acknowledged the "invaluable role" of women in driving the success of Ethiopian Airlines. The captain of the all-women-functioned flight, Kalkidan Girma, underscored the crucial need to promote gender equality within the aviation industry. "This all-women-functioned flight initiative not only empowers women but also sends a powerful message about gender equality.
Source:Ethiopian News
March 09, 2024 06:08 UTC
PSX launches new Islamic index
Stock brokers watch share prices during a trading session at the Pakistan Stock Exchange (PSX) in the Provincial Capital on February 13, 2024. — OnlineKARACHI: The Pakistan Stock Exchange (PSX) has launched a new Islamic equity index, the Mahaana Islamic Index (MII30), which tracks the performance of the top 30 Shariah-compliant companies in the country, the exchange said on Friday. The index, which will go live on Monday, has a base value of 10,000 points and is based on the free float market capitalization of the companies selected from the KMI All share index. The Index will measure the performance of the top 30 Shariah-compliant companies based on the free float market capitalization, having at least an average daily value traded of Rs10 million in the last 12 months.
Source:Ethiopian News
March 09, 2024 01:36 UTC
Cyber threats to women grow with technology
SocGholish malware was also detected among web threats on women’s community sites. As we celebrate International Women’s Day, we need to recognize the importance of safeguarding our online presence. It’s essential for women, who often face heightened risks online, to exercise caution when installing software or sharing personal information. In Pakistan, it’s essential for women to educate themselves about online safety measures, being cautious about sharing personal information, and being aware of common scams. Empowering women with digital literacy is paramount in mitigating cyber risks,creating a safer and more inclusive digital environment for all.”
Source:Ethiopian News
March 09, 2024 00:20 UTC
WHO identifies priorities in Ethiopia amid "ever-increasing needs, decreased funding"
ADDIS ABABA, March 8 (Xinhua) -- The World Health Organization (WHO) has identified its priorities for Ethiopia during 2024 and 2025 amid "ever-increasing needs and decreased funding." It said food insecurity due to lost harvest and livestock is aggravating already high malnutrition rates, negatively impacting morbidity and mortality. The WHO said in an environment with "ever-increasing needs and decreased funding," it has identified priorities for 2024 and 2025, which include strengthening advocacy for longer-term development funding to address root causes of recurrent disease outbreaks, while also advocating for increased access to quality health services. As part of its priority of advocating for increased access to quality health services, the WHO said it will focus on sexual and reproductive health services, the inclusion of people with disabilities, older people, and people living with HIV, as well as addressing remote populations through the inclusion of mobile health teams. The WHO said it is closely collaborating with the Ethiopian Ministry of Health to prepare for, prevent, and respond to public health emergencies by mobilizing resources to enable health partners to provide life-saving health services to vulnerable populations.
Source:Ethiopian News
March 08, 2024 21:13 UTC
Reflecting on the Legacy of Brian Mulroney, Canada’s 18th Prime Minister
As Canada’s 18th prime minister, Mulroney was a figure who earned both admiration and criticism, leading the country through a tumultuous time with a bold vision that left an indelible mark on the nation’s history. His time as prime minister wascharacterized by a willingness to tackle challenging issues. One of Mulroney’s most notable accomplishments was signing the Canada–United States Free Trade Agreement (CUSFTA) and later the North American Free Trade Agreement (NAFTA). Brian Mulroney once remarked, “If your only objective is to be popular, you’re going to be popular, but you will be known as the Prime Minister who achieved nothing.” Despite losing political popularity and the 1993 election, Mulroney accomplished much during his tenure as Prime Minister. He was a prime minister who dared to dream big and take risks, for better or worse.
Source:Ethiopian News
March 08, 2024 21:01 UTC
Ethiopian envoy visits FPCCI
Ethiopia's Ambassador to Pakistan Jemal Beker Abdula (L) Addressing a Business Forum on Ethiopia-Pakistan Bilateral Trade at Federation of Pakistan Chambers of Commerce & Industry, Lahore on March 8, 2024. "The Ethiopian Airlines would soon start its flight service from Lahore and Islamabad, in addition to Karachi, to facilitate trade and tourism between the two countries," Abdula said. The envoy was speaking at a meeting with the office bearers and members of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) at its regional office in Lahore. Regional chairman and vice president Federation of Pakistan Chambers of Commerce and Industry Zaki Aijaz said Ethiopia presents immense opportunities for partnership and investment. He said that Ethiopia should explore Pakistani agricultural products, paper & paperboard products, leather products, products of steel and iron, road tractors, and parts and accessories for tractors—pharmaceutical and surgical products and cement.
Source:Ethiopian News
March 08, 2024 19:49 UTC
Enhancing logistics services in Ethiopia and beyond – New Business Ethiopia
Factors such as emerging markets, expansion trends, and increasing demand for modern logistics solutions further contribute to its attractiveness. Q- What are the specific challenges and opportunities faced by you in providing logistics services in Ethiopia? In providing logistics services in Ethiopia, we encounter both challenges and opportunities unique to the region. Through DHL-Ethiopian Airlines Logistics Services Ltd., we offer transport and logistics services not only in Ethiopia but throughout the entire continent. These offerings, along with others, enable us to provide our customers, particularly SMEs, with a comprehensive range of transport solutions and logistics services.
Source:News Business Ethiopia
March 08, 2024 18:48 UTC
Tucan Travel launches Adventures With Passion
Adventure Travel specialists, Tucan Travel, have launched their new Adventures with Passion campaign. Named after their new tagline and the ethos which the company was built on, this campaign aims to celebrate the exciting world of adventure travel and explore people’s passion for adventure travel through real life stories and experiences generated from travel addicts and adventurers. Until Sunday 6th May 2014, Tucan Travel will be offering 10% discount on selected departures on Group Tours in Asia. Adventures with Passion will give people the opportunity to share their travel memories and convey their passion for adventure. We are also looking forward to giving people the opportunity to tell us about their stories and why they are as passionate about adventure travel as we are.”
Source:Ethiopian News
March 08, 2024 18:46 UTC
UNHCR lauds Ethiopia for boosting refugees' access to basic services
ADDIS ABABA, March 8 (Xinhua) -- The United Nations High Commissioner for Refugees (UNHCR) has hailed Ethiopia for boosting refugees' and asylum seekers' access to basic services through an initiative that includes them in the national digital identification system. It envisages facilitating refugees' and asylum seekers' access to basic services such as telecom, finance and other services, the UNHCR said in a statement issued late Thursday. The initiative to include refugees and asylum seekers in the Ethiopian digital ID system was recently launched by the Ethiopian Refugees and Returnees Service (RRS) in partnership with the Ethiopian National ID Program and UNHCR. Data from UNHCR show that Ethiopia hosts more than 823,000 refugees and asylum seekers, predominantly from its neighboring countries, South Sudan, Somalia, Eritrea, and Sudan, across 24 refugee camps. Mbogori also called on countries across the African continent to emulate Ethiopia's move toward boosting refugees' and asylum seekers' access to basic services.
Source:Ethiopian News
March 08, 2024 18:20 UTC
One in every ten women lives in extreme poverty – New Business Ethiopia
This is particularly urgent when war and crisis are eroding the achievements of decades of investments in gender equality. 1 in every 10 women in the world lives in extreme povertyClimate change is accelerating persistent poverty gaps. In conflict areas, women are 7.7 times more likely to live in extreme poverty. More than 100 million women and girls could be lifted out of poverty if governments prioritized education and family planning, fair and equal wages, and expanded social benefits. The world’s leaders have this opportunity to develop concrete and progressive agreed conclusions that reflect the crucial need for financing gender equality, women’s empowerment, and women´s organizations.
Source:News Business Ethiopia
March 08, 2024 15:05 UTC