Cape Town poised to become first city in South Africa to own, operate a solar plant
- Advertisement -Cape Town is poised to become the first city in South Africa to own and operate a solar power plant, a significant step towards energy independence. The Cape Town government has revealed intentions to expand similar renewable energy projects across the region in the coming years. Additionally, Cape Town has issued a tender for its first battery energy storage system, which will feature a 5 MW/8 MWh capacity. This battery storage system is set to be installed at the same location as the solar plant. With these strategic initiatives, Cape Town is positioning itself as a leader in renewable energy, setting a benchmark for other municipalities in South Africa to follow.
Source:Ethiopian News
October 12, 2024 17:39 UTC
Chinese investors vitalize Ethiopia's economic growth: investment commission
ADDIS ABABA, Oct. 12 (Xinhua) -- Chinese investors are playing a crucial role in bolstering Ethiopia's economic development, injecting substantial capital, and creating jobs, according to the Ethiopian Investment Commission (EIC). In a statement issued late Friday, the EIC revealed that some 3,309 Chinese projects have invested more than 8.5 billion U.S. dollars in Ethiopia over the past years, significantly contributing to the nation's socioeconomic goals. The EIC highlighted that the growing presence of Chinese investors, both in terms of the number of projects and capital inflow, has brought much-needed vitality to Ethiopia's economic aspirations. These investments have generated over 325,400 permanent and temporary job opportunities for Ethiopians in recent years, according to the EIC. The Eastern Industrial Zone, built by Chinese private investors, is considered a model for Ethiopia's industrial park development, furthering its ambition to become Africa's light manufacturing hub.
Source:Ethiopian News
October 12, 2024 17:15 UTC
Nigerian Banks Hasten to Migrate Core Software, More Service Disruptions Loom
Customers of Nigerian banks are to brace up for the possibility of more service disruptions as financial institutions race to migrate their core banking systems to more secure software. According to the source, many Nigerian banks have been paying for core banking software in United States dollars, a heavy burden given the ongoing devaluation of the naira. ON NOWNewsday08:08, 12th Oct, 2024 by AriseNewsNigerian Banks Rush to Migrate Core Software, More Service Disruptions LoomAFRICABanking customers are set to face service disruptions as Nigerian banks upgrade their core systems. Customers of Nigerian banks are to brace up for the possibility of more service disruptions as financial institutions race to migrate their core banking systems to more secure software. The simultaneous nature of these migrations is leading to service disruptions across the industry, with more banks expected to follow suit.
Source:Ethiopian News
October 12, 2024 13:05 UTC
Ethiopia Prepares to Open Logistics Sector to Foreign Investors
Ethiopia, which is liberalizing its economy, is in the final stages of opening its logistics sector to foreign investment. Finance Minister Ahmed Shide highlighted the importance of these reforms during an event recognizing the contributions of key players in the logistics sector. Transport and Logistics Minister Alemu Sime (PhD) echoed these sentiments, noting that Ethiopia's Logistics Performance Index had risen from 2.53 to 2.94, reflecting improved efficiency in the sector. In 2027, Ethiopia will host the prestigious International Logistics Conference, marking the country's emergence as a growing player in global logistics. The conference, expected to draw 1,500 to 2,000 attendees, will provide a unique opportunity for Ethiopian companies to collaborate with international logistics firms.
Source:Ethiopian News
October 12, 2024 12:47 UTC
‘Reprehensible' deal: Families urge judge to reject plea between DOJ, Boeing
Boeing attorneys began by apologizing and expressing sympathy to victims' families. But attorneys for victims' families argue that the plea deal on the table doesn't go far enough. “It’s a rotten plea deal that has provisions in it that are morally reprehensible," said Paul Cassell, one of the attorneys for victims' families. Cassell said that means the plea's fine is calculated without taking those 346 victims into account. Cassell said victims' families only recently found out about the exchange, unsealed this week.
Source:Ethiopian News
October 12, 2024 11:13 UTC
OPINION: Nigerian Airways, Air Nigeria And The Air We Breathe
The story of Nigerian Airways! Nigerian Airways didn’t simply emerge; it soared from the remnants of colonial influence, embodying a newly independent nation’s dreams. Nigerian Airways became a symbol of progress and modernity. Nigerian Airways even had the distinction of operating the last DC-10 ever built, a testament to its prominence in the aviation world. Despite its promising beginnings, Nigerian Airways became entangled in a web of mismanagement, corruption, and political interference.
Source:Ethiopian News
October 12, 2024 10:39 UTC
Xi congratulates Taye Atske Selassie on taking office as Ethiopian president
BEIJING, Oct. 12 (Xinhua) -- Chinese President Xi Jinping on Saturday sent a congratulatory message to Taye Atske Selassie on taking office as president of the Federal Democratic Republic of Ethiopia. Xi noted that in recent years, China-Ethiopia relations have witnessed comprehensive and rapid development, with deepening political mutual trust and fruitful outcomes in pragmatic cooperation across various fields. Xi said that he places great importance on the development of China-Ethiopia relations, and is willing to work with President Taye to take the chance of implementing the outcomes of the 2024 Summit of the Forum on China-Africa Cooperation to push the all-weather strategic partnership between the two countries for achieving new results and better benefit the people of both nations.
Source:Ethiopian News
October 12, 2024 10:20 UTC
Xinhua News | Xi congratulates Taye Atske Selassie on taking office as Ethiopian president
Chinese President Xi Jinping on Saturday sent a congratulatory message to Taye Atske Selassie on taking office as president of the Federal Democratic Republic of Ethiopia. #XinhuaNews
Source:Ethiopian News
October 12, 2024 10:14 UTC
Photos of the Week: Oct. 7 anniversary; Durga festivals
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Source:Ethiopian News
October 12, 2024 09:39 UTC
Readers sound off on Mayor Adams in office, Yom Kippur and flying monkeys
An acquittal is hardly sufficient to lance the cancer that has metastasized throughout the upper echelons of the Adams administration. The catastrophic implosion of Adams’ administration over the past several weeks can not be undone. Here we are endlessly counting the hours ’til our next meal and all we keep hearing all day is, “Yum,” “Yum,” Yum”! There’s an entire West Coast that also wants to watch playoff baseball and live in a time zone three hours earlier than us. If East Coast kids have to stay up a little late so West Coast kids can see Aaron Judge or Francisco Lindor, it’s a small sacrifice.
Source:Ethiopian News
October 12, 2024 08:31 UTC
Could Boeing have prevented second 737MAX MCAS tragedy?
The Allied Pilots Association (APA), which represents pilots for American Airlines, is supporting Ethiopian in its claim against Boeing. APA spokesman and American Airlines Boeing 737 MAX pilot Dennis Tajer, commented that: “Who knows what Ethiopian Airlines would have done with the information, but not having it sealed the deal. Any information given the Ethiopian pilots, like we had, could have made the difference between life and death.”“Our meeting with Boeing covered the same questions that the Ethiopian pilots were asking. Boeing co-operated fully and transparently with all investigations into the accidents.”Paul G. Cassell, a lawyer representing families is critical, saying that: “It’s outrageous that Boeing refused to answer direct questions from the Ethiopian airlines pilots. That was vital safety information that would have saved 157 lives.
Source:Ethiopian News
October 12, 2024 07:48 UTC
Eritrea, Egypt and Somalia strengthen ties amid regional strife, strained relations with Ethiopia
The leaders of Eritrea, Egypt, and Somalia have solidified an alliance formed amid strained relations with Ethiopia, following a summit in the Eritrean capital on Thursday (October 10). Security and cooperationOne of the primary outcomes of the meeting was the formation of a trilateral committee comprising the foreign ministers of Eritrea, Egypt, and Somalia. The deepening ties between Eritrea, Egypt, and Somalia may further complicate the already fraught relations, particularly with Addis Ababa. Ethiopia and Eritrea had previously signed a peace agreement in 2018, ending decades of hostilities that followed a brutal border war. While the leaders of Somalia, Eritrea, and Egypt denied any intentions to escalate tensions with Ethiopia, the formation of this alliance will likely be viewed with concern in Addis Ababa.
Source:Ethiopian News
October 11, 2024 14:55 UTC
Saudi university reaches new heights in 2024 global ranking
According to a 2019 report titled “Wastewater Treatment and Water Resources in Saudi Arabia,” the Kingdom’s water demand has skyrocketed over the past two decades. • Most equipment for wastewater treatment is designed to operate effectively for just 15-20 years. This expertise is critical in Saudi Arabia, where reclaimed wastewater is expected to play a key role in ensuring a sustainable future. Vind says that while water treatment technologies are available, the challenge lies in making them affordable and accessible. AVK International manufactures penstocks, which are used for wastewater treatment, pumping stations and collection of wastewater.
Source:Ethiopian News
October 11, 2024 14:18 UTC
Putin congratulated newly appointed President of Ethiopia
“Russian-Ethiopian relations are based on good traditions of friendship and mutual respect. I hope that your activities as President will contribute to the further development of bilateral cooperation in all fields for the benefit of the peoples of our countries, for the sake of strengthening regional stability and security,” Putin said in his message. Likewise, Russian Foreign Minister Sergei Lavrov conveyed his best wishes to Selassie and appreciated his contribution to strengthening multifaceted cooperation between the two countries during his previous diplomatic duties. “I would especially like to thank you for your continued willingness to pay attention to Russia’s voice in the international arena, which you have shown during our numerous contacts in Moscow, Addis Ababa and other cities around the world,” Lavrov stressed. jrr/arm/mem/nmr
Source:Ethiopian News
October 11, 2024 14:16 UTC
Ethiopia to Begin Sale of 10% Stake in Ethio Telecom on Oct. 16
Customers at a Ethio Telecom Telebirr kiosk in Addis Ababa, Ethiopia, on Thursday, Dec. 7, 2023. (Bloomberg) -- Ethiopia will start selling a 10% stake next week in its largest telecommunications operator Ethio Telecom, ahead of a listing on the country’s new stock exchange. At least five other state-owned companies are lined up to list on the Ethiopian Securities Exchange, which is expected to be operational next month. Ethio Telecom CEO Frehiwot Tamru wasn’t immediately available for comment. The government will retain a 45% stake in Ethio Telecom and the balance will be made available for foreign investors.
Source:Ethiopian News
October 11, 2024 13:36 UTC