Tag: Ethiopia
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Amhara militia criticizes Tigray’s resettlement plan as provocation
Leaders of the Amhara militia in Ethiopia’s Amhara region have condemned Tigray’s plans to repatriate hundreds of thousands of Tigrayans to territories captured by Amhara fighters during the civil war. Tensions over the disputed territories persist since the conflict’s end, with Amhara nationalists asserting historical rights to the land. The proposed resettlement has escalated concerns,…
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Ethiopia committed to African peace and development, chief of leadership academy says
๐ช๐น Ethiopia is dedicated to bolstering peace, development, and democracy across Africa through the cultivation of effective leadership, Zadig Abraha, President of the African Leadership Excellence Academy (AFLEX), said. Highlighting the academy’s initiatives aimed at fostering capable leadership, he revealed that over the past two months alone, more than 120 leaders from African countries have…
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Which five countries are leading in projected GDP growth in sub-Saharan Africa this year?
๐๐ The highest GDP growth per year will be shown by these countries, according to the latest regional outlook of the International Monetary Fund: ๐ณ๐ช Niger – 10.4%;๐ธ๐ณ Senegal – 8.3%;๐ท๐ผ Rwanda – 6.9%;๐จ๐ฎ Cote d’Ivoire – 6.5%;๐ช๐น Ethiopia – 6.2%. However, the forecast is not limited to this year: in 2025, the ranking will…
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Building collapse kills 7 in Ethiopian capital
๐ช๐น A residential building collapsed in Ethiopiaโs capital during the early hours of Wednesday, claiming the lives of seven individuals who were asleep in a nearby house. The incident occurred at approximately 05:00 local time (02:00 BST) in Addis Ketema, a vibrant neighbourhood in Addis Ababa, as reported by local media outlets. Nigatu Mamo, a…
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Somalia refuses to accept Ethiopian naval base in breakaway region
๐ธ๐ด๐ช๐น Somalia will never accept Ethiopia’s plan to build a naval base in its breakaway region of Somaliland, but would consider granting Ethiopia commercial port access if discussed bilaterally, a senior Somali official said. Landlocked Ethiopia sparked a diplomatic row with Mogadishu in January by signing a deal with Somaliland to lease 20 km (12…
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Mogadishu is ready to discuss the possibility of granting Ethiopia access to one of Somalia’s commercial ports
However, Somalia will never accept the establishment of a naval base by Ethiopia, the media reported, citing the Somali foreign minister. Ali Mohamed Omar added that relevant proposals would be discussed on the condition that they meet Somalia’s national interests, which are the protection of the sovereignty, political independence and unity of the country. On…
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Ethiopian securities exchange reaches capital raise target needed for operations
๐ช๐น The Ethiopian Securities Exchange (ESX) has achieved a milestone by meeting its initial capital raise target of $11.07 million required to kickstart its operations, the ESX said in a statement. The exchange announced that the fundraising effort was oversubscribed, with offers totaling $26.6 million from both domestic and foreign commercial investors, demonstrating robust interest…
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Ethiopia to repatriate 70,000 nationals from Saudi Arabia
๐ช๐น๐ธ๐ฆ Ethiopia will repatriate some 70,000 of its nationals living in Saudi Arabia starting early April. State Minister Birtukan Ayano said the repatriation, the third such programme since 2018, will target โEthiopians who are in a difficult situationโ. During the announcement last week the minister didn’t specify whether the returnees have been living in Saudi…
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Ethiopia will pay for any impact of GERD on Egypt
๐ช๐น๐ช๐ฌ Egyptโs Minister of Irrigation and Water Sources Hani Sewilam warned Ethiopia on Wednesday that any harm caused by the Grand Ethiopian Renaissance Dam (GERD) to Egypt will come at a cost. “Any dam constructed along the Nile River affects Egypt. Some impacts are manageable, others are not. Ethiopia will pay for any impact on…
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IMF mission on visit to Ethiopia finance ministry official said.
๐ฐ๐ช๐น An International Monetary Fund staff mission is in Ethiopia, a senior finance ministry official said on Thursday. Last month, IMF spokesperson Julie Kozack had said the fund would send a mission to Ethiopia to discuss its request for a loan programme. In December, the Paris Club of developed creditor nations said Ethiopia’s agreement with…
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