Safaricom Expands M-PESA Global Service to Ethiopia, Enhancing East Africa’s Financial Integration
Safaricom has extended its M-PESA Global service to Ethiopia allowing customers make mobile money transactions from Kenya to Ethiopia. Esther Waititu, Chief Financial Services Officer, Safaricom KenyaCustomers in M-PESA Kenya can now make mobile money transfers to M-PESA Ethiopia via the M-PESA International Remittance. Through this collaboration, customers in both countries will only require their M-PESA wallets. Elsa Muzzolini, Chief Financial Services Officer, Safaricom EthiopiaThis expansion of M-PESA Global to Ethiopia is a significant step towards strengthening financial integration in East Africa and promoting economic growth. In addition to Ethiopia, M-PESA customers can also send and receive money to over 190 countries making it the mobile-money proposition of choice catering for both individual and corporate transactions.
Source:Ethiopian News
October 15, 2024 12:26 UTC
PETA intensifies campaign against Ethiopian Airlines over monkey transport
PETA supporters protested outside the Ethiopian Airlines departure terminal at Hartsfield-Jackson Atlanta International Airport on Friday October 11, escalating their campaign against the airline’s transport of endangered long-tailed macaques from Mauritius and Southeast Asia for use in U.S. experiments. The organization claims that Ethiopian Airlines has flown thousands of monkeys in the cargo holds of passenger planes, despite previously assuring PETA that it had a policy against such practices. The airline is under scrutiny for its alleged connections to an illegal international monkey-smuggling ring, raising concerns about the welfare of the animals and public health risks. The Centers for Disease Control and Prevention (CDC) has acknowledged that imported monkeys have carried serious diseases, including tuberculosis and other pathogens classified as bioterrorism agents. “Ethiopian Airlines puts monkeys through hell in its cargo holds and shows zero regard for public health in the process,” said Dr. Lisa Jones-Engel, a primate scientist at PETA.
Source:Ethiopian News
October 15, 2024 12:18 UTC
WTO chief underscores trade role to address farming challenges – New Business Ethiopia
Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala underscored the crucial role of trade and the WTO in addressing the challenges of farming and food security. She made the remark speaking at the opening plenary of the World Food Forum on Monday in Rome, Italy hosted by the United Nations Food and Agriculture Organization (FAO). His Majesty has been speaking when addressing the World Food Forum in Rome, Italy, this afternoon. “Between 2000 and 2022, agricultural trade grew five-fold, rising across all world regions. But the fact is that at a time when a comprehensive update to the global agricultural trade rulebook is long overdue, we have not been so successful in moving forward agricultural trade negotiations at the WTO.
Source:News Business Ethiopia
October 15, 2024 12:02 UTC
Safaricom Ethiopia Lauded for its Contributions to Ethiopian Economy
Safaricom Ethiopia, a leading telecommunications provider in the country, has been lauded for its consistent contributions to the Ethiopian economy. The company was recognized as a loyal taxpayer by the Ministry of Revenues during a ceremony held at the Prime Minister’s office. Safaricom Ethiopia’s CEO, Mr. Wim Vanhelleputte, received the award from Prime Minister Abiy Ahmed (PhD), in recognition of the company’s consecutive years of adherence to tax obligations. The award is part of the annual awards for federal high taxpayers and highlights Safaricom Ethiopia’s commitment to fulfilling its corporate responsibilities and supporting the nation’s economic growth.
Source:Ethiopian News
October 15, 2024 11:15 UTC
Safaricom extends its M-PESA money transfer service to Ethiopia
Safaricom extends its M-PESA money transfer service to EthiopiaBy Gloria MethriToday Cross Border PaymentsEthiopiaFinTech ShareSafaricom has extended its M-PESA Global solution to Ethiopia, enabling customers to make mobile money transactions from Kenya to the East African country. Leveraging this service expansion, the two companies aim to increase mobile money usage and penetration across Ethiopia, boosting the local economy and creating opportunities for individuals and businesses across the region. Our M-PESA Ethiopia customers should now be able to receive safe and affordable transfers from M-PESA Kenya thanks to this partnership, which will further promote the region’s adoption of digital payments. We look forward to a successful collaboration.”In addition to Ethiopia, M-PESA customers can send and receive money to over 190 countries, making it the mobile money proposition of choice for both individual and corporate transactions. This collaboration aims to benefit over 636,000 merchants using M-PESA, Safaricom’s mobile money service.
Source:Ethiopian News
October 15, 2024 09:06 UTC
Ethiopia's 'korale' recyclers turn waste into money
Ezedin Muste, 23, is one of thousands of waste collectors known in Amharic as 'korale'Advertising Read more"Korale, korale," he shouted at regular intervals. It's a made-up word in Amharic that is now used for the thousands of collectors, almost all men, who hunt out everything from used jerry cans and electrical equipment to shoes, shovels and any other unwanted bric-a-brac. For a kilogramme of collected metal, he can get about 40 birr ($0.30) and for jerry cans, depending on the size, between three and 25 birr. "Waste can be transformed into money," he said with a smile. "It is also beneficial for Addis Ababa: if this waste were not collected, the city's landfills would overflow.
Source:Ethiopian News
October 15, 2024 06:05 UTC
A pastry brought to Mexico by British miners is still popular after 200 years
REAL DEL MONTE, Mexico (AP) — Isabel Arriaga Lozano carefully fills a small pastry with a savory mix of meat, potatoes and chili pepper. Each year, food enthusiasts converge on Real del Monte to celebrate the International Paste Festival, honoring its delicious heritage. Pastes are popular across Mexico, with fillings ranging from spicy Mexican mole to sweeter concoctions like pineapple or blueberry with cheese. These are the graves of the hundreds of miners who traveled to Mexico in 1824 to work in Real del Monte, extracting silver, copper, zinc, gold and mercury. Pastes, she said, have become a crucial part of life in the “magical town” of Real del Monte.
Source:Ethiopian News
October 15, 2024 04:16 UTC
Russia’s Rosatom accelerates African nuclear energy development – New Business Ethiopia
Russia’s state-owned nuclear corporation Rosatom has been accelerating nuclear energy development in Africa, says the company, which joined the African Energy Week (AEW): Invest in African Energy conference – scheduled for November 4-8 – as a gold sponsor. Currently, there is a surge in nuclear energy adoption in Africa, with projects targeting 15 GW of operational capacity by 2035, the Nuclear Business Platform estimates. AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. The deal also features a clear roadmap to enhance the country’s nuclear power adoption, including the establishment of a regulatory framework for nuclear energy. In addition to nuclear power development, Rosatom is driving nuclear energy capacity building and training across Africa.
Source:News Business Ethiopia
October 14, 2024 21:42 UTC
Ethio Telecom to boost revenue by 75 percent – New Business Ethiopia
BY YANET FANTAYE WOGAYEHU – The fully state owned telecom service provider, Ethio Telecom says it has planned to boost its annual revenue by about 75 percent (164 billion Birr) at the end of the current Ethiopian budget year 2017 – started July 8, 2024. This is indicated by the CEO of Ethio Telecom, Frehiwot Tamiru, who briefed journalists on Sunday. In addition to revenue, Ethio Telecom also planned to increase the total number of its customers by 6 percent to reach 83 million customers. In addition, it is also aimed to boost the number of broadband customers by 25 percent and reach 934,000. The CEO also stated that at the end of the year, telecom penetration in Ethiopia will reach 93 percent.
Source:News Business Ethiopia
October 14, 2024 21:17 UTC
Ethiopia announces the implementation of Nile Basin Cooperative Framework Agreement
Ethiopian Prime Minister Abiy Ahmed has declared the implementation of the Nile Basin Cooperative Framework Agreement (CFA) a historic milestone, marking the end of a long journey toward the fair and equitable use of the Nile's water resources. In a statement posted on his social media, Prime Minister Ahmed said that it strengthens bonds as a family of Nile nations and ensures that the management and utilisation of shared water resources will benefit all for the good of everyone. The prime minister’s remarks followed an announcement by Ethiopia’s Minister of Water and Energy, Habtamu Itefa Geleta, who confirmed that the agreement officially came into force. He emphasised that the CFA's implementation would lead to the establishment of the Nile River Basin Commission, which will be responsible for the management and protection of the river's resources for the benefit of all Nile Basin countries, serving as a cornerstone of cooperation. Itefa reminded that the convention provides a common legal framework for the riparian states, reflecting their shared commitment to equitable resource use.
Source:Ethiopian News
October 14, 2024 16:34 UTC
Africa, the challenge between Ethiopia and Egypt heats up: in the background the Nile match
The level of the geopolitical conflict in East Africa between the two regional powers, Egypt and Ethiopia, is rising ever higher. The entry into force of the CFA comes after six Nile River basin countries – Ethiopia, Kenya, Tanzania, Rwanda, Burundi and Uganda – ratified the agreement at a meeting in Bujumbura, Burundi, earlier this year. Egypt and Sudan have long argued that the CFA violates the 1929 and 1959 agreements on the Nile River. The most important of these initiatives was born in 2010 and was called the Nile Basin Initiative (NBI). Egypt gets XNUMX percent of its water supply from the Nile, which is already less than its needs.
Source:Ethiopian News
October 14, 2024 15:56 UTC
New Nile water sharing accord takes effect as Egypt, Sudan protest
Known as the Cooperative Framework Agreement (CFA), the treaty aims to ensure equitable utilization and sustainable management of the world's longest river. Several upstream countries have long argued that the downstream states of Egypt and Sudan had been unfairly allocated greater rights over the river Nile by colonial-era agreements. This agreement represents hope for the future, where each country can grow and prosper without depriving others of the same opportunity,” the NBI statement read. The Nile River has long been a focal point of geopolitical tension in eastern Africa, particularly between Egypt and Ethiopia. The friction rose when Addis Ababa built a large hydro power project on the Blue Nile, which Cairo said would hurt its water security.
Source:Ethiopian News
October 14, 2024 15:33 UTC
Meet and Greet with Ethiopian Artist, Bekele Mekonnen
Join us for an exciting meet and greet with Ethiopian artist Bekele Mekonnen on Monday, October 14th at 6:00 PM! This is a wonderful opportunity to hear Bekele's inspiring story and explore his incredible artwork. The event will take place in Cross C Den, and we can't wait to share this experience with you. Don’t miss out, see you there! Hosted by: East African AllianceAdditional Information can be found at: https://ou.campuslabs.com/engage/event/10609728
Source:Ethiopian News
October 14, 2024 15:21 UTC
Ethiopia marks National Flag Day with call for unity, progress
ADDIS ABABA, Oct. 14 (Xinhua) -- Ethiopians across the country on Monday marked the National Flag Day, underscoring the importance of the country's unity, sovereignty, and territorial integrity. A series of events celebrated the day to reinforce the East African country's commitment to peace and development. HoPR Speaker Tagesse Chafo underscored the significance of the Ethiopian national flag as a symbol of unity, pride and shared identity for the Ethiopian people. He also emphasized the importance of upholding the values represented by the flag, particularly during this time of national progress and development. This year's event, which marked the 17th National Flag Day celebration, was held under the theme "Our flag for our national unity, sovereignty, and the height of Ethiopia."
Source:Ethiopian News
October 14, 2024 14:32 UTC
Ethiopia: Company to Build Solar Cell Factory
TOYO Solar has signed a Memorandum of Understanding (MoU) with the Ethiopian Investment Commission (EIC) to invest USD 60 million in establishing its first solar cell manufacturing plant in Ethiopia. In addition to the MoU, TOYO Solar secured an investment permit, allowing it to set up its factory on more than three hectares of land within the industrial park. The plant is expected to have a production capacity of 15.5 million solar cells per month, positioning Ethiopia as a player in the global solar energy market. The project is expected to contribute to skills development in the solar energy sector, generate foreign currency, and create approximately 1,000 jobs. It is also expected to play a pivotal role in advancing Ethiopia's renewable energy ambitions and boosting the local economy.
Source:Ethiopian News
October 14, 2024 13:58 UTC