Tag: Ethiopia
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AU’s recognition of coffee as a strategic anchor commodity in its Agenda 2063 is a historic milestone, says Ethiopian minister
Earlier this year, during the 37th AU Summit in Addis Ababa, the continental body recognized coffee’s critical role in Africa‘s socio-economic transformation and its potential for sustainable development and adopted coffee as a strategic anchor commodity in the AU Agenda 2063. Girma Amente, Ethiopia’s Minister of Agriculture and chair of the Inter-Africa Coffee Organization (IACO),…
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Ethiopia secures $1.5 billion loan from World Bank support for ongoing economic reforms
The agreement, announced on Tuesday, includes a $1 billion grant and a $500 million loan, representing a significant step in the long-standing partnership between Ethiopia and the World Bank, according to the finance ministry. The deal was signed by Ethiopian Finance Minister Ato Ahmed Shide and Maryam Salim, World Bank Country Director for Ethiopia, Eritrea,…
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Russia is a key partner in Ethiopia’s efforts to develop its mineral potential, says Ethiopian economist
Dr. Costantinos Berhe Tesfu, former UN Senior Policy Advisor and Chairman of the AU Advisory Board on Corruption, highlighted the long-standing and fruitful relationship between Russia and Ethiopia in the field of geological exploration, dating back to the Soviet era. “Russia has been a friend to Ethiopia for a long period of time … The…
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BRICS offers hope for Africa’s resource potential: Ethiopian economist
Dr. Costantinos Berhe Tesfu, former UN Senior Policy Advisor and Chairman of the AU Advisory Board on Corruption, sees the BRICS grouping as potentially helpful for Africa’s mineral resource development, which can enhance regional stability and reduce conflict on the continent. “The regulation of this mineral exploitation and trade definitely will enhance also the possibility…
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South Africa Games Revenue Hit $360 Million in 2024
In a recent African Games Industry report, it was announced that consumer spending in South Africa reached $360 million in 2024. The biggest market in South Africa, with 26 million gamers, is made up of mobile gaming, followed by PC gamers (7.2 million) and console gamers (6.3 million). Previously, from 2017 to 2019, gaming revenue…
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Ethiopia makes strides in clean water access, reaching nearly 70% coverage
This was announced by the minister of water and energy during a review of his ministry’s performance in the past fiscal year and plans for the current budget year. The minister highlighted the successful implementation of various initiatives, particularly in water management, drinking water and sanitation, and energy development. “This year, over 4 million people…
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Sudanese refugees hiding in Ethiopian forest to escape bandits and militias
Sudanese refugees in Ethiopia ask to be evacuated from the country after facing repeated attacks from local militias. Thousands of Sudanese refugees are dwelling in a forest near Ethiopia’s border with Sudan after surviving attacks by local militias on United Nations-run refugee camps. The refugees fled in May after gunmen and bandits repeatedly stormed the…
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In the state of Tigray in Ethiopia, the incidence of malaria has increased by 60%.
In 20 districts there is a significant spread of malaria, and in ten of them the situation has reached epidemic levels. The surge has been attributed to cuts in vector control efforts, shortages of medicines and disruptions in health services caused by the two-year war in Tigray.
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Turkey mediates talks between disputing Ethiopia and Somalia
The foreign ministers of Somalia and Ethiopia, Ahmed Moalim Fiqi and Taye Atske Selassie, held a round of talks in Ankara to resolve contentious issues between their countries. The talks reportedly focused on Ethiopia’s seaport access MoU with Somalia’s breakaway region of Somaliland. Somali authorities see the agreement as a violation of the country’s sovereignty.…
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