Bloomberg BusinessweekCarol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.
Bloomberg BusinessweekCarol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.
It is our view that Ethiopia’s quest for sea access might not be guaranteed solely through the recently signed deal with Somaliland. Legal RightsInternational maritime law grants landlocked states certain rights to access the ocean through bilateral agreements with coastal states. It also appears to be Ethiopia’s main concern in looking for direct sea access. Exploring alternative legal options is crucial for landlocked countries like Ethiopia to ensure diverse and reliable access to the sea. This may involve considering what benefits and guarantees Somalia can secure from Ethiopia and Somaliland in exchange for cooperation on sea access.
In her first marathon, Ethiopian runner Tigist Ketema set a record by clocking the quickest debut marathon time ever, winning the Dubai Marathon. According to World Athletics, this achievement means she is eighth on the world all-time list and is quite remarkable given that she had never raced farther than 10km before. The young athlete, who is now the third-fastest Ethiopian at the distance, ran 800 meters in 2:02.00, 1500 meters in 4:00.91, and 3,000 meters in 8:43.91, as reported by Runner’s World. According to Africa News, Ethiopia’s Letesenbet Gidey held the previous women’s record, winning the Valencia Marathon in 2:16:49 in her debut at the distance on December 4, 2022. Before turning her attention to the marathon, Ketema won the 800-meter African Under-20 Championships.
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By Scott HamiltonJan. 11, 2024, © Leeham News: Alaska Airlines Flight 1282’s (AS 1282) decompression last Friday on a Boeing 737-9 MAX understandably brought new focus and doubts about the MAX program. It’s a story about quality assurance at Boeing or Spirit AeroSystems, the maker of the 737 fuselages and the plug door. Series of quality assurance issuesThere have been a series of quality assurance issues in recent months at Boeing and Spirit. Quality assurance is also known as quality control and, in Boeing-speak, “quality escapes” or “quality escapage.” In shorthand, these terms are “defects” in manufacturing or final assembly. And now, loose or missing bolts on the door plug appear to be responsible for its separation from AS 1282.
Bloomberg Daybreak Middle East & AfricaDaybreak Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Despite the government and its partners’ efforts to enhance food security interventions, food crisis continues to escalate in Ethiopia. Development Diaries reports that a severe humanitarian crisis is affecting approximately four million people in drought-affected areas of Ethiopia. That is according to the Ethiopian Disaster Risk Management Commission (DRMC) and the United Nations Resident and Humanitarian Coordinator. Development Diaries calls for additional donor support to provide immediate aid to the nearly four million people confronting the emergency levels of food security in the country. Photo source: United Nations
It is also envisaged that in exchange for the base, Somaliland will receive a stake in Ethiopian Airlines. In current regional and international dynamics, the agreement poses potential risks and threats rather than gains for Somaliland and Ethiopia. Looking at the internal security dynamics of Somalia and Ethiopia, it is seen that both countries are struggling with instability. Somalia and Ethiopia have been fighting against al-Shabab, which they define as a common enemy, for many years. In that case, the current dynamics in the Horn of Africa region will change, ultimately determining Türkiye's political and economic influence.
The new year has already brought a rapidly deteriorating security outlook to the Horn of Africa. The year kicked off with news of a memorandum of understanding signed by Ethiopia and Somaliland giving Ethiopia access to the Port of Berbera and a stretch of coastline along the Gulf of Aden. One week after the bombshell deal was announced, the Somali President was calling on his Eritrean counterpart, Isaias Afwerki, in Asmara. While the Somali and Eritrean leaders met, Ethiopian officials reportedly held talks on military cooperation with Somaliland. Africa in Transition Michelle Gavin, Ebenezer Obadare, and other experts track political and security developments across sub-Saharan Africa.
Ethiopian cyclist Tsgabu Gebremaryam Grmay has announced he will call it quits from the sport after the 2024 Tour du Rwanda race slated for February 18-25. Grmay, 32, started his career with Tour du Rwanda 2010 being his first major international event and he wants to end his 14-year career in the same event. "The Tour du Rwanda was my first stage race in my cycling career in 2010 with team WCC Africa and, after 13 years of my career, I want to go back to Tour du Rwanda and finish my cycling career this year there and I'm looking forward to the last race of my career," Grmay posted on his official X handle on Wednesday, January 10. ALSO READ: Tour du Rwanda 2024 dates announcedBorn in Tigray, Grmay won national road race three times, national time trial six times, African time trial once. The last time he took part in Tour du Rwanda back in 2010, he finished 5th overall in the general classification.
The manufacturers of the door plug that blew out of a jetliner last week have used their deep pockets and connections in Washington, D.C. to reduce safety regulations, pressure federal officials, and boost production after two previous crashes and other safety incidents, records show. The campaign donations, lobbying money, and regulatory waivers underscore critics’ assertions that Boeing and its long-time parts supplier, Spirit AeroSystems, have used their political influence in both parties to endanger air passengers.
borkenaCommissioner Ambaye Ogato is one of the eleven Commissioners of the National Dialogue Commission. He recently had an interview with Simeneh Bayferes. Watch the two parts interview belowPart IIVideo : embedded from Walta TV YouTube channelCover Photo : screenshot from the videoEntertainmentAdd your Business to Ethiopian Business Listing / Ethiopian Business DirectoryJoin the conversation. Follow us on twitter @zborkena to get the latest Ethiopian News updates regularly. Subscribe to YouTube channel To share information or for submission, send e-mail to info@borkena.com
Fiqi made the claim amidst the rising tide of fake news circulating on social media platforms. Despite the lack of any genuine appointment, the misinformation initially spread through social media channels, alleging that the Ethiopian Orthodox Church had made the announcement in connection with the recent Memorandum of Understanding (MOU) between Ethiopia and Somaliland. In fact, the Ethiopian Orthodox Church did not say any sort of appointment. Undeterred by the absence of evidence, Minister Fiqi doubled down on Tuesday, insinuating that Ethiopia’s intentions extended beyond Red Sea access, encompassing religious colonialisation. As you saw yesterday, the Ethiopian Orthodox Church claimed to have appointed a representative for Zeila.
Minister of Water and Energy Habtamu Itefa, Minister of State for Energy Sultan Woli, and senior authorities from Ethiopian Electric Power, Ethiopian Electricity Utility, and Ethiopian Petroleum and Energy Authority attended the meeting, Fana Broadcasting Corporate reported. An expert from Huawei highlighted the company’s rich experience in providing digital power technology services in other countries and asserted that it is ready to expand that experience in Addis Ababa. As a result of the discussions, an agreement was reached to organize a workshop in March to promote such benefits and involve sector institutions, regions, and private energy technology supplier companies. The source stated that Smart power technologies made by Huawei Digital Power Technologies have become new energy supply alternative technologies for households, communities far from the main power line, and business firms. jrr/iff/mem/nmr
