GLOBALink | Ethiopia-Djibouti railway a road to prosperity: Ethiopian minister
ADDIS ABABA, July 4 (Xinhua) -- The Chinese-built Ethiopia-Djibouti standard gauge railway has operated over 1,800 passenger trains with nearly 530,900 passengers during its five and half years of operation, according to the Ethiopian Minister of Transport and Logistics. The 752.7-km railway, also known as the Addis Ababa-Djibouti railway, is a landmark railway line connecting Ethiopia and Djibouti and a flagship project under the framework of the Belt and Road Initiative. "The Addis Ababa-Djibouti railway is not only a transportation line, but also an economic corridor and a road to prosperity. It has opened up a railroad corridor to the sea for Ethiopia, effectively driving the development of industrialization and urbanization along the route," said Alemu Sime, Ethiopian Minister of Transport and Logistics. It has helped Ethiopia, a land-locked country in the Horn of Africa, access international maritime trade through ports in neighboring countries.
Source:Ethiopian News
July 04, 2023 11:18 UTC
Ethiopian and Filipino pavilions will participate in the upcoming Source Fashion event at London Olympia
Source Fashion, a European responsible sourcing show will accommodate the first ever Ethiopian and Filipino pavilions which will take place in London Olympia from July 16 to July 18, 2023. The event will room 300 exhibitors from 30 countries while also including Ethiopian and Filipino pavilions, Madagascan pavilion, and Jordan pavilion acknowledging the geographic diversity in the show. Filipino based companies will showcase a combination of traditional fabrics, embroidery, patterns, and modern fashion trends, portraying vibrant colours, intricate designs, and boundless creativity with focus on sustainability. Suzanne Ellingham, Sourcing director of Source Fashion, said, “We are extremely excited to be welcoming manufacturers, designers, and producers from 30 countries including new regions like Ethiopia, Mongolia, and the Philippines to the show in July. Thousands of buyers, sourcing, and procurement teams have already registered to attend knowing that Source Fashion is the only UK platform to offer such variety, assurance, and newness.”
Source:Ethiopian News
July 04, 2023 11:06 UTC
News: Ethiopia to enact law normalizing informal cross-border trade along Djibouti, South Sudan borders
There is a notable absence of a comprehensive understanding regarding informal cross-border trade in Africa (Photo: UNDP)Addis Abeba – The Ethiopian government is taking strides to acknowledge and regulate the longstanding informal cross-border trade occurring along the Djibouti border. The other strategy employed by African nations to enhance intra-regional trade is the formalization of existing informal border trade. Despite its importance to African countries, there appears to be a lack of comprehensive understanding regarding informal cross-border trade within the continent. A study conducted by UNECA reveals that informal cross-border trade is estimated to account for a substantial proportion, ranging from 30% to 72%, of the formal trade between neighboring nations. The Ministry of Trade and Regional Integration is also introducing a comprehensive legal framework to regulate informal cross-border trade activities that exist near the border with South Sudan.
Source:Ethiopian News
July 04, 2023 10:31 UTC
Ethiopian Airlines gets delivery of new Boeing 787-9 Dreamliner
Source : Ethiopian AirlinesborkenaEthiopian Airlines this past weekend received the Delivery of the new Boeing 787-9 Dreamliner. It is reported that the new aircraft made its first flight to DubaiEthiopian Airlines has been expanding global destinations. __To share information or for submission, send e-mail to info@borkena.comTelegram Channel : t.me/borkenaBusiness ListingEthiopian News VideoJoin the conversation. Follow us on twitter @zborkenato get the latest Ethiopian News updates regularly. Subscribe to YouTube channel
Source:Ethiopian News
July 04, 2023 08:53 UTC
Analysis: Ethiopia’s birr plunges as currency crisis worsens, posing serious challenges for economy
However, the current state of affairs has reached unprecedented levels, with the exchange rate soaring to unparalleled heights. According to a report published in May 2022 by Cepheus Growth Capital, an investment management firm, Ethiopia’s foreign currency reserves have reached a critical level of $1.3 billion. Over the past two years, external assistance has accounted for less than 22% of the planned amount, contributing to the foreign currency crisis. In October 2022, over 1,000 bank accounts were frozen, and shops suspected of involvement in the black market were closed. However, the World Bank and the IMF have been urging a shift to a floating exchange rate to effectively dismantle the parallel market and establish a stable exchange rate regime.
Source:Ethiopian News
July 04, 2023 08:32 UTC
Minnesota Wild Land 3-Time Stanley Cup Winner Pat Maroon
The Tampa Bay Lightning traded three-time Cup winner Pat Maroon to the Minnesota Wild on Sunday night in a move that cleared salary cap space. Get our free mobile appThe Lightning also traded forward Max Cajkovic to Minnesota, while retaining 20% of Maroon's $1 million salary. Tampa Bay received a 2024 seventh-round draft pick in return. The following two seasons, he was with the Lightning for Cup runs. Last season, in an incident that reverberated around the league, Maroon was mocked by NESN broadcaster Jack Edwards during a game between Tampa Bay and the Boston Bruins.
Source:Ethiopian News
July 04, 2023 06:00 UTC
Allman Betts Band Brings Their Influences, Creativity to P’ville Music Fest
For those attending this Saturday’s 17th Pleasantville Music Festival, if Main Stage performer The Allman Betts Band conjures up memories of 1970s rock for some, that wouldn’t be off base. One of the most anticipated acts at this year’s festival, the band’s co-founders are Devon Allman and Duane Betts, sons of Allman Brothers mainstays Gregg Allman and Dickey Betts. At one time, the band also included Berry Duane Oakley, the son of the late Allman Brothers Band member of the same name. Chances are you’ll hear a couple of old Allman Brothers numbers during their set this weekend, but the Allman Betts Band is no cover band making a name for themselves off their dads’ accomplishments. “My dad’s gone; Dickey (Betts) is retired.”The Allman Betts Band is scheduled to be the festival’s penultimate set on the Main Stage.
Source:Ethiopian News
July 04, 2023 04:19 UTC
Tsehay Ethiopian Restaurant soft opens Wed. in Adams Morgan (Grand Opening Friday!)
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Source:Ethiopian News
July 03, 2023 21:37 UTC
Hotel, hospitality business in Ethiopia – New Business Ethiopia
By Woubishet Sisay – The hotel and hospitality industry in Ethiopia has experienced significant growth and development in recent years. Key Players in the Ethiopian Hotel IndustryThe Ethiopian hotel industry comprises a mix of international hotel chains, local hotel groups, independent boutique hotels, and guesthouses. Future Prospects of the Hotel and Hospitality Industry in EthiopiaThe future prospects for the hotel and hospitality industry in Ethiopia are promising. This presents an opportunity for the hotel industry to cater to the needs of business travelers and delegates attending such events. With a mix of international hotel chains, local hotel groups, and independent boutique hotels, Ethiopia offers a diverse range of accommodation options.
Source:News Business Ethiopia
July 03, 2023 21:10 UTC
No reason for war with Eritrea, Ethiopians need to reject any move in that direction
However, there are unconfirmed rumors that Abiy Ahmed’s government could attempt to mobilize by playing Asab (access to the sea) card. They rather see Prime Minister Abiy Ahmed’s government as a sort of existential threat to Ethiopia. The United States has been an influential factor in bringing the TPLF back to Ethiopian body politics. If his government is contemplating war with Eritrea, it is sure to be part of the U.S. regime change agenda in Eritrea. That is why Ethiopians need to reject any move for war against Eritrea.
Source:Ethiopian News
July 03, 2023 20:13 UTC
Ethiopia: Electronic Fuel Payment System Facilitates Over Birr 24 Billion in Transactions
The Ministry of Transport and Logistics has announced the successful implementation of the electronic fuel payment system. The system offers multiple payment options, including Tele Birr, CBE Birr, Fuel app, and Copay-ebirr and has facilitated over Birr 24 billion in transactions nationwide and is currently being used in 1,317 gas stations across the country. Over 10 million electronic fuel transactions have been conducted using these payment options since the system's national implementation. Additionally, CBE Birr fuel application payment options have facilitated over 95,000 digital payment transactions, while copay-ebirr payment options have facilitated 10,000 transactions. Starting from July 1, 2023, drivers who use coupons were required to use electronic fuel payment options.
Source:Ethiopian News
July 03, 2023 19:18 UTC
City Boy Coffee Celebrates Three Years of Business with a Special Release from Limmu, Ethiopia
City Boy Coffee, a New York-based company that specializes in sourcing, roasting and brewing high-quality coffee from around the world, is celebrating its third anniversary with a special release of a coffee from Limmu, Ethiopia. City Boy Coffee was founded by Matthew Falber, a coffee lover and traveler who wanted to share his passion for exploring the origins and culture of coffee with others. City Boy Coffee prides itself on paying sustainable rates for beans that are significantly higher than fair trade. City Boy Coffee also provides catering and special events services, bringing its coffee expertise and passion to any occasion. For more information about City Boy Coffee and its products, please visit www.cityboycoffee.com or follow them on Instagram @cityboycoffee.
Source:Ethiopian News
July 03, 2023 16:46 UTC
Ethiopia's Ambassador Upbeat About Ties With Uganda, Urges Further Trade Cooperation
Ethiopia's Ambassador to Uganda, Etsegenet Bezabih Yimenu has hailed the 'ever-growing' bilateral ties between the two countries. Close Sign up for free AllAfrica Newsletters Get the latest in African news delivered straight to your inbox Top Headlines Ethiopia Business Uganda By submitting above, you agree to our privacy policy. The main products that Uganda exported to Ethiopia were concentrated milk ($1.24M), rubber tires ($351,000), and toilet paper ($212,000). The main products that Ethiopia exported to Uganda were eggs ($409,000), poultry ($295,000), and vegetable and mineral carvings ($271,000). The ambassador noted that to grow the trade volumes significantly, the governments of Uganda and Ethiopia need to strengthen trade promotion and cooperation.
Source:Ethiopian News
July 03, 2023 15:43 UTC
Tigrayan People Are Being Thrown Under Bus By Biden Administration
Photos: Twitter\Facebook“As far as I am concerned, Ethiopia is no longer engaging in a pattern of gross violations of human rights”. The report makes clear that that Ethiopian officials have been stealing donated food in order to feed soldiers and ex-combatants. It must be recalled that the World Food Program and USAID had completely stopped food donations since March until full accounting of the theft is given. Several hundreds have been reported to have died from starvation since the interruption of food supplies to Tigray. There is a need for a transnational worldwide alliance of peace and justice activists, human rights advocates and affirm the sanctity and equality of human life anywhere and everywhere.
Source:Ethiopian News
July 03, 2023 14:55 UTC
52 Airlines Fly to Russia in July 2023
Following February 24, the majority of international airlines ceased operations in Russia. However, in July 2023 52 airlines fly to Russia. Fights will be performed once a week from Yangon and Mandalay to Moscow and Novosibirsk. Russian low-cost carrier Pobeda (part of the Aeroflot group) has expanded its regional flight program to the UAE and Armenia. Pobeda will start operating flights from Makhachkala to Dubai (UAE) from October 4, 2023, and flights from Sochi to Gyumri (Armenia) from October 29, 2023.
Source:Ethiopian News
July 03, 2023 12:57 UTC