African nations reaffirm closeness to Russia through football
Russia has been banned from all major international competitions but the country has drawn up an intercontinental student tournament on the summit's sidelines. Coach of the Cameroon international student team William DeAnda thinks it is good for the countries to work together. "The population of Africa needs a good relationship between Africa and Russia because it is more practice," he says. The first day of the forum includes a session on using sports as a bridge of friendship between Russia and Africa. The sports programme in St Petersburg will also feature a diplomats' match, where employees from the Russian Ministry of Foreign Affairs and African embassies will compete together.
Source:Ethiopian News
July 27, 2023 21:20 UTC
Ethiopia and Russia agree to strengthen trade and collaboration
At a meeting with Putin at the Konstantinovsky Palace in the context of the 2nd Russia-Africa Summit in St. Petersburg, Ahmed said that the long-standing historic ties between the two countries would continue to improve bilateral relations. The two parties recalled that Ethiopia was the first country of the African continent with which Russia established diplomatic relations 125 years ago. Putin also thanked Ahmed and his accompanying delegation for accepting the invitation to participate in the 2nd Russia-Africa Summit. Upon his arrival in St. Petersburg on Wednesday, the Ethiopian prime minister laid flowers at the Monument to the Heroic Defenders of Leningrad in honor of those who fell during World War II. The meeting in St. Petersburg and the Russia-Africa economic and humanitarian forum will wind up on Friday, July 28, under the slogan “For Peace, Security, and Development.”jg/iff/npg/nmr
Source:Ethiopian News
July 27, 2023 20:51 UTC
Africa, beware of Putin’s money promises
What’s more, Russia’s trade with Africa dwarfs in comparison to its peers, representing only 5 percent of the European Union’s total trade with Africa, and no more than 6 percent of China’s total. And Africa imports five times more than it exports to Russia, a situation that has produced a $12bn trade imbalance. In October 2019, Russia pledged it would double its trade with Africa in five years but has failed to achieve its target. As a result of its illegal war in Ukraine, Russia’s economy contracted by 2.1 percent in 2022. Sixteen months later, Russia invaded Ukraine in direct contravention of that charter, plunging Africa into an economic crisis.
Source:Ethiopian News
July 27, 2023 19:18 UTC
Ethio telecom eyes 10m new Telebirr customers
The number of merchants using Telebirr is planned to increase by 50 percent to 88,000 while the number of agents enrolled is planned to reach 124,000. This comes at the edge of facing competition from the new entrant, Safarcom’s MPESA which recently acquired a license for USD 150 million.
Source:Ethiopian News
July 27, 2023 19:03 UTC
Putin promises no-cost Russian grain shipments to 6 African countries
While discussing the halted Black Sea grain deal, he promised large no-cost shipments of grain to six African countries. “I have already said that our country can replace Ukrainian grain, both on a commercial basis and as grant aid to the neediest African countries, more so since we expect another record harvest this year,” he said. Guterres told reporters at U.N. headquarters in New York that taking millions of tons of Ukrainian grain out of the global market will lead to higher prices. White House press secretary Karine Jean-Pierre also said Russia’s promise to donate grain to African nations did not compensate for pulling out of the deal on Ukrainian grain. The Kremlin said crude Western pressure to discourage African nations from taking part caused the number of leaders taking part to shrink.
Source:Ethiopian News
July 27, 2023 18:24 UTC
Ethiopian royal Yeshi Kassa says King Charles would 'be on the right side of history' if he returns the remains of her ancestor buried at Windsor Castle
Ethiopian royal Yeshi Kassa says the UK should return her ancestor who was buried there. Kassa says King Charles would be "on the right side of history" if he returned Alemayehu's remains. He was buried at St George's Chapel in the grounds of Windsor Castle, a 900-year-old residence that's occupied by the British royal family. "The British royal family have been incredibly good to my family and Emperor Haile Selassie's family," Kassa said during Insider's panel. "He's a member of our royal family, and it makes me sad now to even think about it.
Source:Ethiopian News
July 27, 2023 15:52 UTC
Ethiopian Delegation Meets with WTO Officials to Discuss Accession
A delegation from Ethiopia met with WTO officials in Geneva on July 26th to discuss the resumption of negotiations for Ethiopia's accession to the WTO. The delegation, led by Minister of Trade and Regional Integration Gebremeskel Chala, met with WTO Deputy Director-General Mr. ZHANG Xiangchen and Ms. Rebecca Fisher-Lamb, the Chairperson of the Working Party on the Accession of Ethiopia. The discussions focused on the current status of Ethiopia's accession process and future actions that could be taken. Ethiopia's Working Party was established on 10 February 2003. The Working Party, which is chaired by Ms. Rebecca Fisher Lamb, met for the fourth time in January 2020.
Source:Ethiopian News
July 27, 2023 15:09 UTC
Putin promises free grain at Africa summit
MOSCOW: Russian President Vladimir Putin on Thursday offered free grain to six poor African countries as he launched a summit with leaders from the continent days after withdrawing from the Ukraine grain export deal. In a keynote address at the summit, Putin promised to send grain to six African countries. US Secretary of State Antony Blinken pressed African leaders attending the summit to demand answers about the grain disruptions that have propelled poorer nations towards crisis. Seventeen African leaders including South African President Cyril Ramaphosa are expected at the Russia-Africa summit taking place on Thursday and Friday. The summit in Saint Petersburg comes a month ahead of a summit of leaders of the BRICS countries (Brazil, Russia, India, China and South Africa) due to take place in Johannesburg.
Source:Ethiopian News
July 27, 2023 14:20 UTC
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Korean War veterans wish for peace on divided peninsula
Expand AutoplayKorean War veteran Choi Chun-hwan, 92. Hostilities ended on July 27, 1953, with a ceasefire that has never been replaced by a peace treaty, meaning the two Koreas remain technically at war. All photos: AFP
Source:Ethiopian News
July 27, 2023 13:39 UTC
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European Central Bank raises interest rates to 3.75%
The European Central Bank raised interest rates on Thursday to 3.75 per cent – following the lead of the US Federal Reserve – in its battle against inflation. Weaker domestic demand and high inflation are dampening supply and weighing on manufacturing. “High inflation and tighter financing conditions are dampening spending. So we might hike and we might hold.”Ms Lagarde said that if the bank pauses interest rate increases, “it would not necessarily be for an extended period of time”. Fed chairman Jerome Powell was equivocal about whether there was one more policy rate rise left this year and said the banking regulator's staff were no longer forecasting a recession.
Source:Ethiopian News
July 27, 2023 13:26 UTC
How the coup in Niger could expand the reach of Islamic extremism, and Wagner, in West Africa
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Source:Ethiopian News
July 27, 2023 13:21 UTC
Addis Ababa dangles Ethiopian stake to Eritrea - report
Ethiopian Airlines was not immediately available for comment. Abiy reportedly made the remarks in a meeting with investors and business people in Addis Ababa recently, but this could not be verified independently. According to Amba, the prime minister said the Ethiopian government was exploring all options to secure a port for the country through negotiations with Eritrea, Djibouti, and Somaliland. "In the case of Eritrea, the government has proposed to give 30% of Ethiopian Airlines to the Eritrean government in exchange for port access [presumably Massawa]," the report said. Abiy also said the government would consider using force to secure a port, but this would be a last resort.
Source:Ethiopian News
July 27, 2023 12:22 UTC
News: Insecurity, reduced access to inputs cause alarming low plantation rate in Ethiopia’s Meher dependent areas
Farmers till the soil in Amhara regional state. Photo: AMCAddis Abeba – A new report by the UNOCHA revealed that insecurity, including violence, flooding and reduced access to agricultural inputs in parts of Ethiopia that are dependent on the Meher, the February-to-May rainy season, resulted in alarming low plantation rates. “Factors to the low plantations were reportedly ascribable to insecurity and violence in some areas, such as portions of Oromia and Amhara, reduced access to inputs and levels of planting, while flooding in some areas, such as areas of SNNP, Oromia, and Somali regions, disrupted crop growth,” the report said. The assessment is expected to be completed in the coming weeks and will be followed by an analysis of the results to inform the humanitarian response. This assessment will inform the mid-year review of the Humanitarian Response Plan.
Source:Ethiopian News
July 27, 2023 11:30 UTC
Morocco: nearly 50 suspected supporters of jihadist groups arrested
Around 50 people were arrested on Wednesday across Morocco during a major anti-terrorist raid targeting suspected supporters of jihadist groups, local media said, citing security sources. Among them, 21 were placed in police custody under the supervision of the prosecution, said the same sources. The suspects are believed to have "sworn allegiance" to the Islamic State (IS) and Al Qaeda jihadist groups. According to these security sources, searches led to "seizure of bladed weapons", and "publications advocating terrorism and documents relating to methods of manufacturing explosives". If Morocco has been spared in recent years by attacks linked to jihadist groups, its security services regularly report anti-jihadist crackdowns and foiled attack plans.
Source:Ethiopian News
July 27, 2023 11:25 UTC