Botswana growth to slow to 3.8 percent in 2023 – New Business Ethiopia
The International Monetary Fund (IMF) says Botswana’s economic growth is expected to slow to 3.8 percent in 2023 from 5.8 percent in 2022 “due to the projected decline in diamond production and the weaker global environment”. The statement recalled that the economy of Botswana grew almost 12 percent growth in 2021. In Botswana country report the IMF released today it is stated that total state owned enterprises (SOE) assets amounted to 32 percent of GDP in 2021. “Financial SOEs account for 14 percent of total assets, comprised of the Botswana Development Corporation (BDC), National Development Bank (NDB), Botswana Stock Exchange (BSE), and Botswana Savings Bank (BSB). The largest non-financial SOEs are Botswana Power Corporation (BPC) and Water Utilities Corporation,” the IMF country report stated.
Source:News Business Ethiopia
September 01, 2023 05:11 UTC
Heavyweight Boxing Champ Donovan “Razor” Ruddock Sets Sight On Jamaica For “Rumble In The Sun” Match
Photos: Video\YouTube ScreenshotsKINGSTON, JAMAICA – Legendary Jamaican-Canadian boxing Heavyweight Champion Donovan “Razor” Ruddock returns to his birthplace of Jamaica for an inaugural match against the International Boxing Hall of Fame Inductee and Champion James “Lights Out” Toney at the mega “Rumble In The Sun” event on Saturday, November 11, 2023, inside Kingston’s iconic Sabina Park. This historic match-up marks Ruddock’s first time competing in a boxing match in Jamaica. Rumble In The Sun is a revolutionary match and a catalytic mechanism for philanthropic partnerships with the Red Ground District primary school and Gloves Over Guns initiative and for establishing Jamaica as an international boxing destination. “Jamaica is the birthplace and heritage of some of the most dynamic and talented boxers,” says Ruddock. “I am excited to participate in a groundbreaking boxing match that will change the world’s perception of this beautiful country.”Noted as one of the 100 greatest punchers of all time due to his signature “smash,” an impression and hybrid left-hand punch, Ruddock was born in St. Catherine’s parish and immigrated to Toronto, Canada, with family in his youth.
Source:Ethiopian News
September 01, 2023 05:09 UTC
Ethiopian envoy receives National Peace Award
Islamabad:The National Peace and Justice Council (NPJC) has honoured the Ambassador of the Federal Democratic Republic of Ethiopia to Pakistan, Jemal Beker Abdula, with the National Peace Award for his dedicated efforts in laying the foundation and fostering closer ties between the two brotherly nations. The award ceremony took place during the National Peace Seminar which was held at the Islamabad Club, said a news release on Thursday. He said Ambassador Jemal Beker played a crucial role in advancing fraternity and brotherhood between the two heirs of civilizations. Addressing the ceremony, Ambassador Jemal Beker Abdula extended gratitude to the NPJC for acknowledging his endeavours to enhance friendship and partnership between the two countries. Both nations, he noted, played pivotal roles in preserving global peace and security, with their people working hand in hand to save lives worldwide.
Source:Ethiopian News
September 01, 2023 04:01 UTC
Zagol Ethiopian Restaraunt
Weather Alert...LAKE WIND ADVISORY REMAINS IN EFFECT UNTIL 8 PM PDT THIS EVENING... * CHANGES...None. * WHAT...Southwest winds around 20 mph with gusts up to 35 mph. * IMPACTS...Small boats, kayaks and paddle boards will be prone to capsizing and should remain off lake waters until conditions improve. Check lake conditions before heading out and be prepared for a sudden increase in winds and wave heights. Consider postponing boating activities on the lake until a day with less wind.
Source:Ethiopian News
September 01, 2023 03:12 UTC
Pakistani man, on trial in Italy for murder of daughter who refused marriage, is being extradited
ROME (AP) — Italian police on Thursday took into custody in Pakistan a Pakistani man who is on trial in Italy for the murder of his daughter after she refused family demands to marry a cousin in their homeland. Abbas’ uncle, two cousins, her father, Shabbir Abbas, and her mother went on trial in February 2023. His return to Italy on the murder charge underscores Italy’s resolve to prosecute those who violate Italian laws against forced marriage. According to Italian investigators, that kiss enraged Abbas’ parents, who wanted her to marry a cousin in Pakistan. In 2019, Italy made coercing an Italian citizen or resident into marriage, even abroad, a crime covered under domestic violence laws.
Source:Ethiopian News
September 01, 2023 01:16 UTC
A look inside a unique workspace for Stanford grad students that's also a home for art
Gray explained that Roberta Bowman Denning and Steve Denning, alumni of Stanford's Business School, funded both the construction of the building and the art collection. Constructed five years ago, Denning House is a home-away-from-home for students from all over the world who enjoy its unique architectural design and world-class art collection. The process by which art is acquired entails using outside art consultants Zlot/Buell Art Advisors, who vet potential artists and present their work to a committee. Seated on the committee are selected Denning House staff, Roberta Denning and her son Robert, John Hennessy and Veronica Roberts, director of the Cantor Arts Center, among others. A look inside a unique workspace for Stanford grad students that's also a home for artDenning House, located on the Stanford campus, is open for public tours highlighting its architecture and art collection
Source:Ethiopian News
August 31, 2023 21:43 UTC
Deep ties to Israel: Adams on the hunt for antisemitic tech
Adams, while not of a Jewish background or faith, has had ties to the ultra-Orthodox Jewish community in Brooklyn going back to his senator days in 2012. Adams also had Jewish community leaders named in his administration, on various committees, and on his transition team. Considering his history, it makes sense that his trip to Israel would focus on public safety and Israeli security technology as well as soaking up the local culture. The trip was sponsored by UJA-Federation of New York in partnership with the Jewish Community Relations Council of New York. In media briefs during the trip, Adams discussed his visits with the National Police Academy, the Israeli Security Agency/Shabak, and the Security Technology Showcase.
Source:Ethiopian News
August 31, 2023 10:09 UTC
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The Middle East's digital economy boom will stretch far beyond the Gulf
In 2006, when the British mathematician Clive Humby declared that “data is the new oil”, his words might have been met with bemusement in the Middle East. The growth of the Middle East’s digital economy is advancing with breath-taking speed, according to new research by the Swiss bank UBS. Despite the dizzying growth figures, however, there remain extraordinary challenges in realising the vision of a digital Middle East. While the Gulf countries and in particular the UAE embraced digitisation and set a robust infrastructure years ago, many of the region’s countries remain weak, unstable and underdeveloped. But it is unlikely that the Gulf countries’ embrace digital economy will turn out to be a regional exception.
Source:Ethiopian News
August 31, 2023 09:02 UTC
Gabon prepares for airspace closure following coup
Flightradar24 ADS-B data shows that Turkish Airlines, Air France, Air Côte d'Ivoire, ASKY Airlines, and Ethiopian Airlines have either cancelled or diverted their flights to Libreville. Afrijet Business Service (J7, Libreville), Gabon's only active local airline and the only one to operate domestic scheduled routes, appears to have halted all operations from the country as of August 29. The scheduled second leg from Douala to Libreville was cancelled. The airline did not respond to ch-aviation's request for comment regarding its current status. The ch-aviation capacities module shows that Afrijet accounts for 40.9% of all scheduled capacity out of Gabon.
Source:Ethiopian News
August 31, 2023 08:34 UTC
Israel's Ethiopian community clash with police in Tel Aviv
JERUSALEM, Aug. 30 (Xinhua) -- Violent clashes erupted in the Israeli coastal city of Tel Aviv between the Ethiopian community and police on Wednesday, resulting in at least eight injuries. Video footage circulating on social media showed hundreds of protesters marching along the Ayalon Highway, Israel's main highway, and temporarily blocking it. The police released a video showing protesters hurling Molotov cocktails and stones at the police, adding in its statement that at least six police officers were injured. State-owned Kan TV news reported that at least two protesters were injured. The demonstration was held against law enforcement's handling of a probe into a deadly hit-and-run in May in which a four-year-old boy of the Ethiopian community was killed.
Source:Ethiopian News
August 30, 2023 23:51 UTC
Israeli Protesters Clash With Police in Tel Aviv Over Hit-and-run
Hundreds of protesters blocked the Ayalon Highway in Tel Aviv on Wednesday night, calling for harsher charges against an 80-year-old woman who fatally ran over four-year-old Rafael Adana in a hit-and-run accident in the central Israeli city of Netanya in May.
Source:Ethiopian News
August 30, 2023 20:15 UTC
Bereaved families from Ethiopian community rally for boy killed in hit-and-run
The protesters, led by members of the Ethiopian community, have accused authorities of racism and leniency toward the driver who hit four-year-old Rafael Adana in May. Police said an officer was lightly wounded and taken for treatment after he was harmed by a rock thrown by protesters. A cousin of Adana, 11, memorialized his young relative in a speech at the rally. Advertisement“It’s a tragedy that we lost 4-year-old Rafael Adana, it pains us,” he said, according to Ynet. Israelis of Ethiopian descent have long accused police of racism and brutality against members of their community.
Source:Ethiopian News
August 30, 2023 18:56 UTC
Ethiopian gov’t annual hiring capacity of government only six percent
Professor Alemayehu pointed out that the government has been able to employ on an annual basis only 2.4 million or 6 percent of the job-seeking population for the past several years. Professor Alemayehu told Ethio-FM 107.8 Radio that the source of the country’s growth is the social sector that does not get job opportunities. Alemayehu further pointed out that the source of the country’s growth and the economic sector that can create jobs are not aligned. That is the main reason for the high unemployment rate observed in the country. Professor Alemayehu further said that if the economic sector that can create jobs was the main source of growth in the country, the unemployment rate could have been reduced.
Source:Ethiopian News
August 30, 2023 18:36 UTC