Sukkah of a different kind: Pajama party in the bomb shelter
Beachwood, OH (44122)TodayCloudy this morning. A few showers developing during the afternoon. Winds NNW at 10 to 15 mph. Chance of rain 30%..TonightCloudy skies early, followed by partial clearing. Winds WNW at 5 to 10 mph.
Source:Ethiopian News
October 16, 2024 02:51 UTC
Ethiopia’s Central Bank Imposes New Policy on FX Spreads, Commission Fees
The National Bank of Ethiopia (NBE) has mandated financial institutions in the country to separately include their forex trading spreads in their daily posted rates to enable transparency. The forex trading spread is the difference between a bank’s buying and selling rate for a foreign currency and should not exceed 2% for the posted rates. The Ethiopian apex bank has also required financial institutions to independently report and disclose forex-related fees and commissions to their clients. These FX fees shall also be regularly reported to the NBE for review and assessment. “However, based on lessons gained from experience and inputs received from the banking sector, it has now become important to review the earlier decision regarding the treatment of FX related spreads and fees,” NBE added.
Source:Ethiopian News
October 16, 2024 01:06 UTC
Met Returns Greek Artifact to Italy After Researchers Find Links to Looting
The Metropolitan Museum of Art has returned another ancient Greek drinking vessel to Italian officials overseeing the countries’ repatriation efforts after finding the artifact was likely looted from its origin site. The returned item, a kylix produced by an anonymous workshop dating back to around 490 B.C. The piece is nearly identical in structure and coloring to another cup the Met retuned to Italy in 2022. According to the New York Times, which first reported news of the second cup’s return, fragments of each vessel were temporarily owned by individuals connected to the stolen artifacts. The museum had been collecting pieces of the artifact since the late 1970s.
Source:Ethiopian News
October 15, 2024 20:33 UTC
Ethiopia: Customs Commission Exceeds First Quarter Revenue Target
The Ethiopian Customs Commission (ECC) has announced a record revenue collection of Birr 88.1 billion for the first quarter of the fiscal year, surpassing its initial target of Birr 87.2 billion. ECC Chief Commissioner Debele Kabeta, highlighted that the revenue exceeded last year’s first-quarter figures by over Birr 38 billion, reflecting a 77% growth. In addition to revenue collection, the ECC has intensified its crackdown on contraband and illegal trade. Debele revealed that goods worth billions of Birr were seized at ports, and the Commission’s enhanced monitoring efforts saved the country Birr 50.5 billion Birr by preventing smuggling activities. Formed to enhance trade facilitation and revenue generation, the ECC remains committed to enforcing customs laws, collecting duties, and combating illegal trade across Ethiopia.
Source:Ethiopian News
October 15, 2024 20:27 UTC
Pentagon grants honorable discharges to more than 800 veterans kicked out under Dont Ask, Dont Tell – Deltaplex News
The Pentagon on Tuesday granted honorable discharges to more than 800 veterans who were separated from the U.S. military because of their sexual orientation during the “Don’t Ask, Don’t Tell” policy, which was in effect from February 1994 to September 2011. After 2011, most of those who filed appeals were upgraded, but others might not have been aware this was an option. The Pentagon announced Tuesday that its review has led to an upgrade for more than 800 veterans, without them having to appeal. What this means is that of the nearly 13,500 individuals who were administratively separated under Don’t Ask, Don’t Tell policy, and served long enough to receive a merit-based characterization of service, 96% now have an honorable discharge,” Defense Secretary Lloyd Austin said in a statement. The vast majority of those separated under the policy now have honorable discharges, according to Austin.
Source:Ethiopian News
October 15, 2024 18:52 UTC
Q36.5 loses African identity: Ethiopian champion Abreha must look for new team on Twitter
The Q36.5 Pro Cycling rider is therefore making a final plea for help on social media. With the departure of the Ethiopian champion, the Swiss formation (formerly the South African Dimension Data) is losing their last African rider. On X, the Ethiopian let it be known that his adventure with Q36.5 Pro Cycling is over. "I am currently the national champion of Ethiopia and also a pro cyclist for Q36.5 pro team… at least until the end of the year. Q36.5 Pro Cycling previously wiped out continental teamThe Ethiopian champion's departure is another sign of things to come for the Swiss team.
Source:Ethiopian News
October 15, 2024 18:52 UTC
Ethiopian Airlines launches daily flight to Port Sudan
ADDIS ABABA, Oct. 15 (Xinhua) -- Africa's leading carrier Ethiopian Airlines announced Tuesday the launch of a daily flight service to Port Sudan, a port city in eastern Sudan. This new route expands Ethiopian Airlines' network to 66 destinations across Africa, the airline said in a statement. The statement said the new route will offer seamless travel options for passengers traveling between Ethiopia and Sudan, while also connecting travelers from its vast network to this significant Red Sea port city. The airline noted the new flight will strengthen its commitment to enhancing connectivity across Africa and beyond, fostering regional socio-economic growth and facilitating trade and tourism. Strategically located along the Red Sea, Port Sudan serves as a vital hub for commerce and business in the region, offering a gateway to Sudan's rich cultural history and emerging economic opportunities.
Source:Ethiopian News
October 15, 2024 18:17 UTC
More than 259,000 visas are issued in Ethiopia in three months
The Ethiopian Immigration and Citizenship Service has announced that it has issued visas to 259,705 visitors in the last three months. Director General Selamawit Dawit outlined the performance, noting that the service facilitated the entry and exit of more than 1.1 million travellers via air and land routes. This is a significant increase from the same quarter last year, indicating a positive trend in the number of visitors to Ethiopia, as reported by ENA , a partner of TV BRICS. In addition, the service said that passports issued to citizens aged 25 and above will now have a validity period of 10 years, in line with new operational guidelines. Earlier, Ethiopia's Immigration and Citizenship Service (ICS) has announced the start of the pre-registration and verification phase for the Electronic Passport.
Source:Ethiopian News
October 15, 2024 17:38 UTC
Safaricom extends its M-Pesa Global service to Ethiopia
Kenyan and Ethiopian service provider Safaricom has extended its M-Pesa Global service – which enables M-Pesa registered customers to send and receive money globally – to Ethiopia, allowing customers make mobile money transactions from Kenya to Ethiopia. Customers of M-Pesa Kenya can now make mobile money transfers to M-Pesa Ethiopia via the M-Pesa International Remittance. Safaricom suggests that key beneficiaries of the latest development will include Ethiopians living and working in Kenya and Kenyans living and working in Ethiopia. In addition to Ethiopia, M-Pesa customers can also send and receive money to and from over 190 countries. Of course M-Pesa has long been a major part of Safaricom’s appeal, first in Kenya and now in Ethiopia where, according to the Connecting Africa news service, by May 2024 M-Pesa had 4.5 million total registered mobile money users.
Source:Ethiopian News
October 15, 2024 15:40 UTC
Chicago Hoffman Gallery to Shutter
The HeadlinesCHICAGO’S HOFFMAN GALLERY TO SHUTTER. Rhona Hoffman, the Chicago gallerist who headed up the eponymous gallery for nearly five decades, is closing the space in the city’s West Town area, reports ARTnews Editor-in-Chief Sarah Douglas. I think, in a way, the artist is being abused by all that success.”TALI-BAN LIVING THINGS. the AB by Art Basel brand and Art Basel Shop, as well as a new collaboration with Miu Miu and Guerlain. “The overall Art Basel proposition is just growing and growing, and it’s a compelling offering,” he said.
Source:Ethiopian News
October 15, 2024 15:06 UTC
UMD students raise money to fund school restorations in Ethiopia’s Tigray region
A student displays a Tigray region flag during a fundraising dinner, hosted by People4Tigray, in Stamp Student Union on Oct. 12, 2024. (Anastasia Merkulova/The Diamondback)By Anastasia MerkulovaFor The DiamondbackUniversity of Maryland community members gathered for a fundraising dinner in Stamp Student Union Saturday to raise money to rebuild elementary schools in Ethiopia’s Tigray region. The group aims to support Tigrayan students and people affected by violence in the region. The event also included a fashion show, a live performance by renowned Tigrayan artist Trhas Tareke and an art auction to support Tigrayan schools. This upcoming winter and summer, club members will travel to Tigray to distribute school supplies and the money raised for children, Kahsay said.
Source:Ethiopian News
October 15, 2024 14:39 UTC
Ethiopian Gov’t Forces Killed Two Civilians In West Wollega : Report
Google map of EthiopiaborkenaToronto – Government forces have reportedly killed two civilians in Begi and Babo districts of West Wollega, Oromia region of Ethiopia. Residents complain that their security is impacted by the fighting between government and rebel forces in the area. However, head of West Wollega zone administration, Solomon Tamiru, has reportedly responded, in writing, to the VOA inquiry. The reports indicated that both the armed group and government forces were involved in the killings of civilians. __Join our Telegram Channel : t.me/borkenaLike borkena on FacebookAdd your business to Ethiopian Business Listing / Ethiopian Business DirectoryJoin the conversation.
Source:Ethiopian News
October 15, 2024 14:33 UTC
Egypt is building up a military mission in Somalia before the December deadline for Ethiopian troop withdrawal
From left, Somali President Hassan Sheikh Mohamud, Eritrean President Isaias Afwerki and Egyptian President Abdel Fattah El Sisi. AFPEgypt is building up a military mission in Somalia before the December deadline for Ethiopian troop withdrawal
Source:Ethiopian News
October 15, 2024 13:44 UTC
Ethiopia calls for concrete solutions to security issues in Africa
Tiruneh emphasized on the growing challenges posed by this issue inthe continent, as well as the difficulty in resolving internal conflicts, cross-border tensions and growing terrorist threats. He also stressed the need to seek solutions that go beyond discussions, pointing to viable measures to address these critical problems. Tiruneh described the purpose of the conference as a platform to discuss these challenges and develop a unified approach to improve security throughout Africa. The African Union recognized Ethiopia’s ongoing contributions to peace and stability. It will serve as an ideal venue to showcase Ethiopia’s central role in peace and stability efforts, both within Africa and internationally.
Source:Ethiopian News
October 15, 2024 13:35 UTC
ATIDI, multilateral investment guarantee to streamline investments in Africa – New Business Ethiopia
The African Trade & Investment Development Insurance (ATIDI), and the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group, part of World Bank Group Guarantees, have signed a three-year partnership to accelerate foreign direct investment across Africa. This is the second agreement between the two organizations aimed at maximising development impact, according to the information from ATIDI. Manuel Moses, CEO, ATIDI said: “Enabling more investment to finance transformational projects is vital to Africa’s sustained development. Each party will regularly share operating standards and procedures to help identify comparable outcomes to further both organizations’ development mandates. “Our partnership with ATIDI will enable us to support countries in Africa in scaling and replicating development projects, thereby accelerating prosperity.
Source:News Business Ethiopia
October 15, 2024 12:37 UTC