Addis Ababa (AFP) – Ethiopia's central bank announced on Monday that it was easing curbs on its foreign exchange regime, a move which saw the value of the local currency slide by about 30 percent. The National Bank of Ethiopia announced a series of foreign exchange reforms which it said involved "significant new policy changes". The first measure was a "shift to a market-based exchange regime," the NBE said in a statement. The US dollar was buying 74.73 birr and selling at 76.23, the leading Commercial Bank of Ethiopia said in a statement published on X. On Friday the buying rate was 57.48 and selling 58.64.

At least 19 people are dead in Ethiopia after a boat capsized on a river in the country's northwest, a state-run media outlet said on Sunday. The tragedy occurred in the Amhara region on Saturday as a group of people were crossing the river Tekeze, which partly forms the border between Ethiopia and Eritrea, the state-run Ethiopian Press Agency (EPA) reported. Seven people including a child have been rescued while only two bodies have been retrieved so far, according to EPA. It was second major incident in Ethiopia in recent days. On Monday, a landslide in the south killed over 250 people.

KEFI Minerals (GB:KEFI) has released an update. KEFI Gold and Copper is advancing its Tulu Kapi Gold Project in Ethiopia, having received preliminary approval from co-lender African Finance Corporation, with final approval expected soon. The company has begun the Early Works programme, which will lead to major project works post-funding in October 2024. The Ethiopian government’s support for the mining sector, including Tulu Kapi, is set to boost the country’s gold exports significantly, potentially surpassing coffee as the largest export sector. For further insights into GB:KEFI stock, check out TipRanks’ Stock Analysis page.

The Beirut-Rafic Hariri International Airport in Lebanon on Monday (July 29) cancelled or delayed flights as tensions escalated between Israel and Hezbollah. A rocket strike that killed 12 teenagers and children in the Israeli-occupied Golan Heights on Saturday. Israel blamed Hezbollah for the attack which has added to concerns that Israel and the Iran-backed group could engage in a full-scale war. Meanwhile, Turkish Airlines subsidiary AJet, Greek carrier Aegean Airlines, and Ethiopian Air cancelled flights scheduled to land in Beirut on Monday. Also watch | Golan Heights attack: What would be Netanyahu's next move?

(Photo: X/ @beautyoflebanon)Several flights either arriving or departing Beirut-Rafic Al Hariri International Airport in Beirut, Lebanon on Sunday were either delayed or canceled. Lebanon's MEA Airlines cancelled all flights to and from Beirut International Airport on Sunday citing an insurance issue. Pegasus Airlines flight PC 758 from Istanbul, Aegean Airlines flight A3 946 from Athens, and Ethiopian Airlines flights ET 406 and ET 416 from Addis Ababa were among those canceled. Ethiopian Airlines, Flight ET 406, from Addis Ababa, Time: 02:054. Ethiopian Airlines, Flight ET 416, from Addis Ababa, Time: 03:05

First responders have recovered the body of a missing nonverbal, autistic 6-year-old from a pond in the Gaithersburg, Maryland, park where he was last seen. First responders have recovered the body of a missing nonverbal, autistic 6-year-old from a pond in the Gaithersburg, Maryland, park where he was last seen. Montgomery County, Maryland, community members comfort one another after discovering that 6-year-old Fawzan Hassan died on July 28, 2024. (WTOP/Dick Uliano) Montgomery County, Maryland, community members comfort one another after discovering that 6-year-old Fawzan Hassan died on July 28, 2024. (WTOP/Dick Uliano) Fawzan Hassan, had last been seen at an Ethiopian community picnic held at Bohrer Park in Gaithersburg around 3 p.m. Saturday, according to a news release.

A vendor counts out Ethiopian birr banknotes at the Shola market in Addis Ababa, Ethiopia, on Thursday, Dec. 7, 2023. The Horn of Africa nation has been seeking to rework its liabilities since 2021 as a civil war in the northern Tigray region soured investor sentiment and sapped economic growth. (Bloomberg) -- Ethiopia plans to float its currency, the birr, as part of ongoing macroeconomic reforms, according to Prime Minister Abiy Ahmed. One of the program’s objectives is “correcting foreign exchange distortions and solving the structural balance of payments deficit problems,” Abiy said in a lengthy policy statement posted on X, formerly Twitter. Abiy said a market-based FX regime is critical to relieving currency shortages, removing constraints to private sector investment and growth, and aligning the prices of imported and exported goods and services with market realities.

A state-run news outlet reported on Sunday that at least 19 people were killed in Ethiopia when a boat capsized in a river located in the northwest of the country. Ethiopian Press Agency reported that the tragedy took place in Amhara on Saturday, as a group was crossing the river Tekeze which forms part of the border between Ethiopian and Eritrea. When the accident happened, there were at least 26 passengers on board. This was the second major incident to occur in Ethiopia within a few days. A landslide that occurred in the south on Monday killed more than 250 people.

ADDIS ABABA (Reuters) - At least 19 people are dead in Ethiopia after a boat capsized on a river in the country's northwest, a state-run media outlet said on Sunday. The tragedy occurred in the Amhara region on Saturday as a group of people were crossing the river Tekeze, which partly forms the border between Ethiopia and Eritrea, the state-run Ethiopian Press Agency (EPA) reported. At least 26 people were on board when the accident occurred. Seven people including a child have been rescued while only two bodies have been retrieved so far, according to EPA. It was second major incident in Ethiopia in recent days.

Read moreChina starts fully performing the SCO rotating chairmanship functionsSuch a statement was made by China's foreign ministryChina has started to fully perform the rotating chairmanship of the Shanghai Cooperation Organisation (SCO) for 2024–2025. Chinese Foreign Ministry Spokesperson Mao Ning said this at a daily briefing on Monday. Read moreIran's Foreign Ministry notes the role of BRICS member states in global tradeThe Minister of Foreign Affairs of the Islamic Republic of Iran emphasised the group's role in building a world order alternative to the unipolar oneThe BRICS association represents the interests of major players in world trade beyond the unipolar approach, said Iran's Acting Minister for Foreign Affairs Ali Bagheri Kani. Read moreSaudi Arabia boosts merchandise exports to a two-year highIt amounted to US$7.70 billionSaudi Arabia's merchandise exports in May 2024 reached a two-year high of US$7.70 billion, up 8.2 per cent from the same month in 2023. Read moreEthiopia and Cuba aim to implement bilateral agreements in education and tradeForeign ministry officials from both countries held talksEthiopia and Cuba intend to implement current bilateral agreements in areas such as water management, education, air transport, and trade, Ethiopian Minister of Foreign Affairs Mesganu Arga said at a meeting with Cuban Deputy Minister of Foreign Affairs, Elio Eduardo Rodríguez Perdomo.

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Armand Duplantis (Sweden) | Athletics - MenImage Credit: AFPDuplantis, the gold medallist at the Tokyo Olympics, has dominated pole vaulting, breaking the world record eight times. She has won 37 Olympic and world championship medals and hopes to add to her tally in Paris. Carlos Alcaraz (Spain) | Tennis - MenImage Credit: AFPAlcaraz, one of the world’s top tennis players, enters the Olympics fresh from his second consecutive Wimbledon triumph. The US women have won gold in every Olympics since 1996. Teddy Riner (France) | Judo - MenImage Credit: AFPWorld champion Riner, one of the two French athletes to light the Paris Olympic cauldron, has been dominating judo.

The blaze at the Choconut Market at 26555 State Route 267 in Friendsville was reported shortly after 5:30 a.m. Sunday. (Photo: Traci Taylor) Firefighters battled a massive blaze at the Choconut Market on July 28, 2024. The Choconut Market has been a fixture in Friendsville for decades. RANKED: Here are the most popular national parks To determine the most popular national parks in the United States, Stacker compiled data from the National Park Service on the number of recreational visits each site had in 2020. Keep reading to discover the 50 most popular national parks in the United States, in reverse order from #50 to #1.

Cairo: Conditions set by Ethiopia to allow the despatch of domestic labour to Kuwait has sparked controversy, according to a Kuwaiti media report. The terms have drawn opposition from the Kuwaiti Union of Domestic Labour Office Owners. “This undermines the memorandum of understanding,” the union was quoted as saying, referring to a pact recently signed by Kuwait and Ethiopia for hiring domestic workers. Earlier this month, Ethiopia’s envoy in Kuwait said Addis Ababa has put in place a set of strict measures for its workers in Kuwait. These measures will be applied to the house workers who will be dispatched to Kuwait.