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

Diamond drilling at Tulu Kapi in 2012, (Photo: Kefi Minerals)Addis Abeba – Kefi Gold & Copper PLC has achieved a significant milestone in securing funding for its high-grade Tulu Kapi gold project, with the approval of a $320 million financial package by the lead lender. The Tulu Kapi gold project, located 28km east of Ayra-Gulliso town in the West Wollega zone of the Oromia region, represents a significant development in Ethiopia’s mining sector, being the first industrial-scale mining initiative in the country for approximately 30 years. The project has garnered the necessary approvals from key syndicate members and has received supportive indications from the Ethiopian Government. Foreign direct investment in Tulu Kapi is projected to surpass $400 million by 2025. The launch of the Tulu Kapi gold project is anticipated in the first half of 2024, contingent on the completion of the necessary preparations and receiving final approvals.

The fintech ecosystem has rapidly evolved to become a crucial component of the global financial landscape, revolutionizing the way we transact, invest, and manage our finances. According to the International Trade Administration, by 2025 half a billion people in Africa will be e-commerce users. Fintech Adoption in AfricaNot only are businesses integrating fintech solutions into the their ecommerce business models, but African governments are also implementing the technology to enhance and improve their services. According to the Harvard Business Review Kenya is becoming a hub for Fintech innovation. The report presents a good case of the pain points and challenges holding Africa back from taking advantage of the opportunities that exist with the adoption of ecommerce and its associated technology.

We have to rebuild trust in our future by moving beyond crisis management, looking at the root causes of the present problems, and building together a more promising future,” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum. An estimated 1,600 business leaders, including 800-plus of the world’s top CEOs and chairs from the World Economic Forum’s Members and Partners, will participate. More than 200 members of the Forum’s Global Shapers, Young Global Leaders and Social Entrepreneurs communities will join to showcase local innovations and solutions. “At a time when global challenges require urgent solutions, innovative public-private collaboration is necessary to convert ideas into action,” said Børge Brende, President, World Economic Forum. The World Economic Forum Annual Meeting 2024, taking place on 15-19 January in Davos-Klosters, Switzerland, convenes the world’s foremost leaders under the theme “Rebuilding Trust.”

Ethiopian Prime Minister Abiy Ahmed's stated ambition to secure access to the Red Sea is a source of tension between the Horn of Africa nation and its neighbors. In Somalia, Turkish nongovernmental organizations (NGOs) and companies are extensively active in education, energy and finance. Since President Recep Tayyip Erdoğan visited the country in 2011, Türkiye has built an 80,000-square-meter (861,112-square-foot) embassy in Mogadishu, its biggest embassy in Africa. After the port deal was announced, Türkiye, Egypt and other allies pledged their support for Somalia. The separation resulted in Ethiopia losing direct access to the Red Sea and key ports.

It has been revealed via the Boeing Orders & Deliveries page that Qantas has put in an order for 12 more Boeing 787 Dreamliners last month. Without further ado, let’s get into it…Qantas Orders 12 More Boeing 787 Dreamliners…BriYYZ from Toronto, Canada, CC BY-SA 2.0 https://creativecommons.org/licenses/by-sa/2.0, via Wikimedia CommonsSuch an order highlights strong news for Boeing as a continuation of a relationship with Qantas, especially in the context of battling against Airbus for orders. Boeing sold a grand total of 371 aircraft in December, with this broken down into the following:40 737 MAXs for Avolon. 40 737 MAXs for Lufthansa. 12 787 Family aircraft for Qantas.

Of the 15,151 candidates examined in December 2023, a total of 6,517 employees (43%) succeeded in attaining the necessary passing marks. The purpose of this evaluation was to gauge the competency and qualifications of the city’s employees. Tassew Gebre, the head of the Public Service and Human Resource Development Bureau, provided a detailed breakdown of the results. The evaluation also encompassed 10,257 members of the general staff, of whom approximately 50% (5,095 employees) passed. In sum, 15,592 employees and managers had initially registered for the examination, which was conducted under stringent confidentiality measures by Addis Ababa University and Kotebe Metropolitan University.

Ethiopia has formulated a logistics master plan to enhance and strengthen its logistics system. A validation workshop for the first phase of the plan took place, where the State Minister of Transport and Logistics, Denge Boru, emphasized the importance of regular review and improvement of the logistics sector. The National Logistics Strategy (NLS) was previously developed to address shortcomings, and the new master plan aims to improve the country's logistical competitiveness. The master plan is seen as crucial for Ethiopia's economic development, with a focus on global competitiveness and addressing challenges in the logistics sector. DT Global, an international consultant, was involved in developing the Ethiopian Logistics Master Plan.

In the first five months of the current fiscal year, Ethiopia earned USD 184.7 million from flower production, according to the Ministry of Agriculture. Abdela Negash, the Executive Director of Horticulture Development at the Ministry of Agriculture, emphasized ongoing efforts to increase job opportunities and foreign exchange earnings in flower cultivation. Abdela highlighted the need for better success in the future, addressing misconceptions about flower cultivation, ensuring coordination, and solving problems related to land supply for cultivation. In December last year, Ethiopian cut flower producers initiated partial trial shipments of flowers to Europe by sea, marking a significant development in the sector. The objective of the trial shipment was to deliver the flowers in excellent condition to the Netherlands within a maximum of four weeks.