Global forum set to rebuild trust among global leaders – New Business Ethiopia
We have to rebuild trust in our future by moving beyond crisis management, looking at the root causes of the present problems, and building together a more promising future,” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum. An estimated 1,600 business leaders, including 800-plus of the world’s top CEOs and chairs from the World Economic Forum’s Members and Partners, will participate. More than 200 members of the Forum’s Global Shapers, Young Global Leaders and Social Entrepreneurs communities will join to showcase local innovations and solutions. “At a time when global challenges require urgent solutions, innovative public-private collaboration is necessary to convert ideas into action,” said Børge Brende, President, World Economic Forum. The World Economic Forum Annual Meeting 2024, taking place on 15-19 January in Davos-Klosters, Switzerland, convenes the world’s foremost leaders under the theme “Rebuilding Trust.”
Source:News Business Ethiopia
January 10, 2024 13:12 UTC
Türkiye could step in if Ethiopia-Somaliland controversy turns sour
Ethiopian Prime Minister Abiy Ahmed's stated ambition to secure access to the Red Sea is a source of tension between the Horn of Africa nation and its neighbors. In Somalia, Turkish nongovernmental organizations (NGOs) and companies are extensively active in education, energy and finance. Since President Recep Tayyip Erdoğan visited the country in 2011, Türkiye has built an 80,000-square-meter (861,112-square-foot) embassy in Mogadishu, its biggest embassy in Africa. After the port deal was announced, Türkiye, Egypt and other allies pledged their support for Somalia. The separation resulted in Ethiopia losing direct access to the Red Sea and key ports.
Source:Ethiopian News
January 10, 2024 12:31 UTC
Qantas Orders 12 More Boeing 787 Dreamliners
It has been revealed via the Boeing Orders & Deliveries page that Qantas has put in an order for 12 more Boeing 787 Dreamliners last month. Without further ado, let’s get into it…Qantas Orders 12 More Boeing 787 Dreamliners…BriYYZ from Toronto, Canada, CC BY-SA 2.0 https://creativecommons.org/licenses/by-sa/2.0, via Wikimedia CommonsSuch an order highlights strong news for Boeing as a continuation of a relationship with Qantas, especially in the context of battling against Airbus for orders. Boeing sold a grand total of 371 aircraft in December, with this broken down into the following:40 737 MAXs for Avolon. 40 737 MAXs for Lufthansa. 12 787 Family aircraft for Qantas.
Source:Ethiopian News
January 10, 2024 12:29 UTC
News: Over 40% of city employees pass competency assessment
Of the 15,151 candidates examined in December 2023, a total of 6,517 employees (43%) succeeded in attaining the necessary passing marks. The purpose of this evaluation was to gauge the competency and qualifications of the city’s employees. Tassew Gebre, the head of the Public Service and Human Resource Development Bureau, provided a detailed breakdown of the results. The evaluation also encompassed 10,257 members of the general staff, of whom approximately 50% (5,095 employees) passed. In sum, 15,592 employees and managers had initially registered for the examination, which was conducted under stringent confidentiality measures by Addis Ababa University and Kotebe Metropolitan University.
Source:Ethiopian News
January 10, 2024 11:34 UTC
Ethiopia Formulates a Logistics Master Plan
Ethiopia has formulated a logistics master plan to enhance and strengthen its logistics system. A validation workshop for the first phase of the plan took place, where the State Minister of Transport and Logistics, Denge Boru, emphasized the importance of regular review and improvement of the logistics sector. The National Logistics Strategy (NLS) was previously developed to address shortcomings, and the new master plan aims to improve the country's logistical competitiveness. The master plan is seen as crucial for Ethiopia's economic development, with a focus on global competitiveness and addressing challenges in the logistics sector. DT Global, an international consultant, was involved in developing the Ethiopian Logistics Master Plan.
Source:Ethiopian News
January 10, 2024 10:49 UTC
Ethiopia Generates USD 184 Million from Flower Production
In the first five months of the current fiscal year, Ethiopia earned USD 184.7 million from flower production, according to the Ministry of Agriculture. Abdela Negash, the Executive Director of Horticulture Development at the Ministry of Agriculture, emphasized ongoing efforts to increase job opportunities and foreign exchange earnings in flower cultivation. Abdela highlighted the need for better success in the future, addressing misconceptions about flower cultivation, ensuring coordination, and solving problems related to land supply for cultivation. In December last year, Ethiopian cut flower producers initiated partial trial shipments of flowers to Europe by sea, marking a significant development in the sector. The objective of the trial shipment was to deliver the flowers in excellent condition to the Netherlands within a maximum of four weeks.
Source:Ethiopian News
January 10, 2024 10:45 UTC
Ethiopia-United Kingdom (UK) ties to enter ‘new era’
Ethiopia and United Kingdom (UK) have finalized to ink the Memorandum of Understanding (MoU) to scale up the diplomatic ties to strategic partnership level, said Ethiopian Ambassador to UK. In an exclusive interview with The Ethiopian Herald, Ethiopian Ambassador to the UK Teferi Melesse said that the activities are ongoing to elevate the diplomatic ties between the two parties. The preparations have been finalized to sign the MoU to scaling up the diplomatic ties with UK to a strategic partnership. Furthermore, it would contribute to further widen diplomatic ties evaluating gaps, he said. Distributed by APO Group on behalf of Embassy of the Federal Democratic Republic of Ethiopia, London, UK.
Source:Ethiopian News
January 10, 2024 10:42 UTC
Why the Ethiopia-Somaliland deal is making waves in the Horn
After several public appearances at the end of 2023, during which he demanded an outlet to the Red Sea for his country, Ethiopian prime minister Abiy Ahmed on 1 January signed a memorandum of understanding in Addis Ababa with the president of Somaliland, Muse Bihi Abdi. There's more to this story Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Subscribe Now cancel anytime Already a a subscriber Sign In
Source:Ethiopian News
January 10, 2024 10:34 UTC
News: Four million Ethiopians on the brink as food crises escalates
The extended absence of rainfall has led to the devastation of crops and livestock, intensifying already high levels of acute food insecurity. From July to December 2023, over 7.3 million individuals received food aid from the government. They emphasize the critical need for immediate aid to the nearly four million people confronting “crisis” or “emergency” levels of food insecurity in the forthcoming months. In the previous month, the Famine Early Warning Systems Network (FEWS NET) issued a grave warning about the escalating food insecurity in Ethiopia. This has led to the displacement of over one million individuals and the extreme impoverishment of millions of people in Tigray, depriving them of their livelihoods.
Source:Ethiopian News
January 10, 2024 10:31 UTC
Ethiopian honey wine tasting room opens on Vine Street in Alexandria
Talk about a good pairing: An Ethiopian honey wine-tasting room just opened on Vine Street in Alexandria’s West End. The new tasting room is next door to his production room where giant vats of a half dozen wines ferment over the course of six months. Negussie uses wildflower honey from Lancaster, Pennsylvania, which he says is close to Ethiopian honey. “I grew up drinking traditional Ethiopian honey wine, and knew the way I wanted it to taste,” he said. A flight of six small glasses of wine costs $35, and bottles of wine cost between $20 and $25.
Source:Ethiopian News
January 10, 2024 08:36 UTC
Ethiopian Cargo adds Casablanca to freighter destination
from ADANE BIKILA in Addis Ababa, EthiopiaEthiopia BureauADDIS ABABA, (CAJ News) – ETHIOPIAN Airlines Cargo and Logistics Services has commenced a freighter service to Casablanca, Morocco. This enhances the airline’s number of freighter destinations served in Africa. “We are excited to announce the launch of the freighter services to Casablanca, Morocco,” Mesfin Tasew, Ethiopian Airlines Group Chief Executive Officer, said. This addition increases Ethiopian Cargo and Logistics Services total African freighter destinations to 35 and boosts its commitment to delivering reliable and efficient services. The company is rated the largest cargo network operator in Africa and a key air cargo service provider globally.
Source:Ethiopian News
January 10, 2024 06:48 UTC
Geopolitics Of Ethiopia’s Red Sea Seaport Fiasco – OpEd
Against the integrity of that position of trust, the US has been advancing its geopolitical interests that, at times, sail against Somalia’s strategic interest and territorial integrity. A Russian naval base in the Red Sea meant a profound impact of the geopolitical balance of power. Saudi Arabia, concerned for the future of its multi-billion dollar Red Sea Global project, wanted the deal expedited. Eritrea which considers a deal that would grant Ethiopia a naval power in the Red Sea a national threat wanted the deal aborted. Egypt’s agricultural industry is wholly dependent on the flow of the Nile which is already reduced by Ethiopia’s mega dam.
Source:Ethiopian News
January 10, 2024 05:52 UTC
Boeing Blowout Occurred Hours Before US Deal on 737 Max Crashes Set to Expire
Last week’s accident involving a Boeing Co. 737 Max 9 not only resulted in the grounding of scores of jets, but could complicate a deferred prosecution agreement that Boeing struck with the Justice Department in 2021 that was set to expire over the weekend. That deal resolved a probe into Boeing following the crashes of Lion Air Flight 610 in October 2018 and Ethiopian Airlines Flight 302 in March of 2019, which together killed 346 passengers and crew. The agreement allowed the DOJ to dismiss a criminal charge against Boeing if the company demonstrated that it had beefed up its compliance programs.
Source:Ethiopian News
January 10, 2024 05:40 UTC
Alaska Airlines timeline: How incident involving missing door plug unfolded – Deltaplex News
The Boeing 737 Max has been under public scrutiny for several years following multiple crashes and malfunctions. During the descent, terrified passengers captured footage showing the hole where the door plug came loose from. 8 p.m.: During a press conference, the NTSB announced that no one was sitting in 26A or 26B — the two seats closest to the door — when the door plug fell out. Sunday, Jan. 76:30 a.m.: Nearly 700 flights are canceled nationwide due to the Boeing 737 Max 9 groundings, according to data from FlightAware. Turkish Airlines, Copa Airlines and Aeroméxico all temporarily suspend service on their 737 Max 9s while doing inspections.
Source:Ethiopian News
January 09, 2024 22:58 UTC
Why are the Zimbabwe dollar, Nigerian naira, Ethiopian birr tanking?
This happened as the dollar shortage ravaged the economy and as foreign investors pulled their funds. Ethiopian birr crashThe Ethiopian birr has been in a freefall as the economy continues going through a rough patch. At the same time, the country has gone through a major dollar shortage that pushed it to default on $33 million of foreign debt. Ethiopian birr vs USDNigerian nairaThe Nigerian naira also had a rough performance in 2023. The post Why are the Zimbabwe dollar, Nigerian naira, Ethiopian birr tanking?
Source:Ethiopian News
January 09, 2024 21:51 UTC