Ethiopia asks to join BRICS bloc of emerging economies
Reuters —Ethiopia, one of Africa’s fastest-growing economies, has asked to join the BRICS bloc of emerging markets, the foreign ministry said on Thursday. The term BRIC was coined by Goldman Sachs economist Jim O’Neill in 2001 to describe the rise of Brazil, Russia, India and China. South Africa joined in 2010. Last year Argentina, the world’s 23rd-largest economy, said it had received China’s formal support to join the group, which is seen as a powerful emerging-market alternative to the West. BRICS countries account for more than 40% of the world’s population and about 26% of the global economy.
Source:Ethiopian News
June 30, 2023 14:51 UTC
Ethiopian officials, experts hail BRI as mutually beneficial cooperation
ADDIS ABABA, June 30 (Xinhua) -- Ethiopian experts and policymakers on Friday hailed the China-proposed Belt and Road Initiative (BRI) as a mutually beneficial cooperation platform advancing socioeconomic development in Ethiopia and beyond. "The Belt and Road Initiative has become an open and inclusive, mutually beneficial and win-win international cooperation platform. "The Belt and Road Initiative represents an extraordinary vision, one that transcends borders, connects continents, and fosters economic cooperation on an unprecedented scale," he said. Zhao Zhiyuan, Chinese ambassador to Ethiopia, described Ethiopia as "the pioneer of China-Africa cooperation and the African bridgehead of building the BRI." "While Ethiopia and China steadily promote high-quality BRI development, we also initiated cooperation under the Global Development Initiative and pushed forward the implementation of the Nine Programs under Forum on China-Africa Cooperation," he said.
Source:Ethiopian News
June 30, 2023 14:20 UTC
Swallows To Snatch Ethiopian Sensation Ahead Of Chiefs?
Kaizer Chiefs might have pulled a fast one on their traditional rivals Orlando Pirates by beating them to the punch in relation to three new players, but they could have also taken their eyes off the ball on another exciting talent! Information landing on the Siya crew’s desk is that Swallows FC have seized the opportunity to invite an exciting young Ethiopian international striker who has been on Amakhosi’s radar for the last two years until recently. Now, this publication has been informed that the Birds flew swiftly to invite Saint George striker Amanuel Gebremichael, who was first identified by the Glamour Boys a year ago after they were upstaged by Mamelodi Sundowns for the services of Abubeker Nasir.
Source:Ethiopian News
June 30, 2023 14:17 UTC
Adama City hosts Insurance, Ethio Electric face Fasil City
Ethio Electric face Fasil City at 6pm with the face game between Adama and Ethiopian Insurance coming up earlier at 3pm. Ethio Electric will be playing their penultimate Ethiopia Premier League match before going down to the Higher League following their relegation. Adama City will square up against Ethiopian Insurance as Matchday 29 round of matches continue Friday at the Adama Science and Technology University Stadium. One bright spark of the season for Adama City, has been the exciting display of their young players like Yosef Tarekegn and Binyam Ayton. In the second match of the day, Ethio Electric, which confirmed its relegation from the League, will play Fasil City.
Source:Ethiopian News
June 30, 2023 10:09 UTC
Kubik, Ethiopian Green Construction Firm Secures $3.34M Funding
Ethiopian startup Kubik has received $3.34M in funding in a seed investment round. The company repurposes difficult-to-recycle plastic waste into cost-effective and low-carbon building supplies. Significance of the Kubik Firm to the East African EconomyInitially, the young start-up will double its production of construction materials in Ethiopia, by the end of 2023. Achieving this objective will also require an increase in the amount of plastic waste recovered by Kubik. Currently, the entity is estimated at 45,000 kg per day or 4% of the plastic waste produced on the continent.
Source:Ethiopian News
June 30, 2023 09:44 UTC
Ethiopia applies to join the BRICS bloc of emerging economies
BRICS countries account for more than 40 percent of the world’s population and about 26 percent of the global economy. Ethiopia, one of Africa’s fastest-growing economies, has asked to join the BRICS bloc of emerging markets, the foreign ministry said on Thursday. South Africa joined in 2010, making it BRICS. BRICS countries account for more than 40 percent of the world’s population and about 26 percent of the global economy. That has spurred debate within and beyond South Africa, an ICC signatory which is obligated to arrest Putin if he visits the country for the BRICS summit.
Source:Ethiopian News
June 30, 2023 08:34 UTC
International Press Freedom Awards Honorees Announced
Journalists from Georgia, India, Mexico and Togo will be honored this fall at the 2023 International Press Freedom Awards, which celebrate courageous reporters from around the world. The Committee to Protect Journalists, which administers the award, announced Thursday the four journalists who would be honored. This year’s honorees include Georgia’s Nika Gvaramia, India’s Shahina K.K., Mexico’s Maria Teresa Montaño and Togo’s Ferdinand Ayité. He served more than a year of a 3.5-year prison term for alleged abuse of office before being released last week. CPJ also announced Thursday it will honor Alberto Ibargüen, president of the John S. and James L. Knight Foundation, with the 2023 Gwen Ifill Press Freedom Award.
Source:Ethiopian News
June 30, 2023 08:25 UTC
U.S. Lifts Human Rights Violation Designation on Ethiopia
The decision appears to contradict reports of continued human rights abuses and ethnic cleansing campaigns in the northern Tigray region of Ethiopia, potentially undermining the Biden administration’s pledge to elevate human rights to the top of its foreign-policy agenda. The notification comes on the heels of a major international aid scandal in Ethiopia. In June, Human Rights Watch released a report that found that authorities in Ethiopia’s Western Tigray Zone had “continued an ethnic cleansing campaign against Tigrayans” despite the truce formally ending the war in November 2022. Lifting this designation, seven months after the war officially ended, will give Washington more say over IMF negotiations with Ethiopia. Human rights advocates point to the different sanction regimes imposed as a weather vane for how the conflicts are actually seen in Washington.
Source:Ethiopian News
June 29, 2023 19:46 UTC
Ethiopia Requests to Join BRICS Economic Bloc – Ethiopian Monitor
ADDIS ABABA – Ethiopia has officially applied to join the BRICS emerging economies group comprising Brazil, Russia, India, China and South Africa. The summit is expected to deliberate on the requests from several countries wanting to join the group, a bloc seen as a powerful emerging-market alternative to the West. In his press briefing today, Foreign Ministry’s spokesperson Ambassador Meles Alem disclosed Ethiopia’s formal application for membership of the BRICS. The East African nation is among 20 countries that have applied either formally or informally to join the group. Brazil, Russia, India and China initially formed the bloc in 2009, with South Africa joining in 2010.
Source:Ethiopian News
June 29, 2023 19:09 UTC
Kenya's Safaricom eyes $8.5bn spend in Ethiopia, which should benefit SA investors
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 0:00Getty ImagesKenya's largest mobile phone operator Safaricom says it plans to spend $2 billion (about R37 billion) in the next five years alone as it builds up the infrastructure for its new Ethiopian business. Read this for freeGet 14 days free to read all our investigative and in-depth journalism. You can cancel anytime and if you cancel within 14 days you won't be billed. Next on BusinessImplats finally gets nod from takeover regulator for its RBPlats offer
Source:Ethiopian News
June 29, 2023 16:48 UTC
Football: Ethiopia on tour in the United States in August
As announced by Sport News Africa, Ethiopia will be playing on American soil for the first time in their history. The match against Guyana, originally scheduled for 8 July in Chester, will finally take place on 2 August at Washington DC's Segra Field Stadium, a 5,000-capacity venue. The Ethiopians will play a second match on 5 August at Riversdale's 6,600-capacity Southern Crescent Stadium against Atlanta Rovers FC, who play in the UPSL.
Source:Ethiopian News
June 29, 2023 15:47 UTC
TikTok Travel Trends 2023: Top Destinations and Influencers Revealedt
With numerous travel bloggers sharing their experiences and tips, TikTok has become a go-to destination for travel enthusiasts. To provide you with the latest insights, Bounce analyzed the top destinations and travel influencers on TikTok in 2023. Top 5 TikTok Travel Influencers:Alex Ojeda (@alexojeda) | 8.3 million followers | Estimated earnings per post: $8,335 Julia Thompson (@juliiathompson) | 3.5 million followers | Estimated earnings per post: $3,493 Jorden Tually (@jordentually) | 3.4 million followers | Estimated earnings per post: $3,360Follow these travel influencers for captivating content and valuable travel advice. As TikTok continues to shape travel trends, these destinations and influencers offer a glimpse into the travel world of 2023. You can view the research in full here: https://usebounce.com/blog/tiktok-travel-index-2023Note: Estimated earnings per post are based on influencer marketing data and may vary.
Source:Ethiopian News
June 29, 2023 15:46 UTC
Ethiopia: Social Media Ban Brings Challenges
Washington — WASHINGTON - Four months into a social media ban, communications businesses and civil rights groups in Ethiopia are feeling the impact. The ban has created challenges for those who use social media to share news or to promote their businesses. Until the ban was imposed, social media influencer and filmmaker Luna Solomon used the platforms to make advertisements for products and institutions. Church leaders and supporters then staged a protest and blacked out their social media pages to express solidarity. After the ban and the introduction of VPNs, internet and social media users have decreased because VPN service is expensive," he said.
Source:Ethiopian News
June 29, 2023 14:32 UTC
Ethiopian, Filipino Pavilions debut at Source Fashion responsible sourcing show
Source Fashion London will take place at London Olympia from 16-17 July. Credit: Source Fashion LondonTaking place at London Olympia from 16-18 July, Source Fashion plans to introduce Ethiopian and Filipino pavilions at the event. In its debut, Fairs and More Inc, a subsidiary of the European Chamber of Commerce of the Philippines (ECCP), will showcase Filipino fashion in the UK, highlighting the region’s rich heritage, talent, and forward-thinking approach. 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.”Among the Filipino exhibitors:Artisanat Handmade presents timeless everyday staples. Sunshine Ethiopia Wool Textile PLC, backed by Jiangsu Sunshine Group China, specialises in high-quality wool fabric and suits.
Source:Ethiopian News
June 29, 2023 14:02 UTC
News: Ethiopia submits application to join BRICS bloc of developing nations, awaits “positive response”
Meles Alem, Spokesperson foe Ethiopian Ministry of Foreign Affairs (Photo: Addis Standard)Addis Abeba – The Ministry of Foreign Affairs has announced that Ethiopia has officially submitted an application to join the BRICS bloc of developing nations. In a press conference held today, Ministry spokesman Meles Alem acknowledged Ethiopia’s desire to join BRICS, emphasizing the importance of aligning with influential blocs such as BRICS, a consortium, comprising Brazil, Russia, India, China, and South Africa. “It is important to join blocs like BRICS as we seek to guarantee our national interests.”He added that the country hopes to receive “positive response” for the membership application. Over the past years studies show a drastic increase in trade between Ethiopia and BRICS, largely accounted for by China and India. BRICS countries are becoming increasingly important trading partners to Ethiopia, especially as sources of Ethiopia’s imports.
Source:Ethiopian News
June 29, 2023 12:32 UTC