"Unfortunately, in the short time available between commencement of discussions and the upcoming interest payment date, an agreement... could not be reached," the finance ministry added in a statement. The finance ministry said Ethiopia would "broaden the engagement with the holders of its Eurobond" and hold a call next week to set out a possible proposal for the debt. It said that during the talks with bondholders it had outlined an "initial restructuring proposal" and then after a counter offer from bondholders, a final proposal. The $1 billion bond, maturing in December 2024, was last bid around 61 cents on the dollar with a 66% yield. (Reporting by Bhargav Acharya and Marc Jones; Additional reporting by Rachel Savage and Karin Strohecker; Editing by Alexander Winning and Alexander Smith)

Ryanair welcomed the judgement of the Irish High Court granting a permanent injunction prohibiting screenscraper Flightbox from breaching the binding Terms of Use of the Ryanair website by using bot technology to unlawfully scrape Ryanair’s website for OTAs. Ryanair’s Dara Brady said: “We welcome this High Court ruling which established that this screenscraper is bound by the Terms of Use of the Ryanair website, which prohibits screenscraping. Ryanair has been granted a permanent injunction to stop this unlawful screencraping of Ryanair’s data in breach of Ryanair’s Terms of Use. The Ryanair website is the only website authorised to sell Ryanair flights. Ryanair does not have a commercial relationship with any OTA or screenscraper and we strongly object to OTAs mis-selling our flights and overcharging consumers.

AMSTERDAM – Mews, the industry-leading hospitality cloud that was recently named the World’s Best PMS Provider, has reached a significant milestone in the successful rollout of its Property Management System (PMS) across all Strawberry Hotels. Mews Hospitality Cloud has now been deployed in over 100 properties within the group. The rollout is across all brands and hotel types, including Comfort Hotels, Quality Hotel, Clarion Hotel, Clarion Collection Hotel and standalone hotels across the portfolio. Strawberry has selected the full range of features available, including Mews Operations, Mews Multi-Property, Mews Guest Journey and Mews Payments. Our partnership shows how big brands can use cloud technology to be flexible, scalable and innovative.”

UFI now accepting entries for its UFI Awards 2024 programme. PARIS – UFI, the Global Association of the Exhibition Industry, is inviting exhibition organisers, venue operators and service providers around the world to have their work globally recognised by entering the UFI Awards 2024. Kai Hattendorf, UFI CEO, adds: “The UFI Awards are about identifying Best Practices from around the world, about celebrating them and sharing excellent solutions and innovations with the global UFI community. Each year, UFI Award winners gain significant coverage in major international events industry publications. Selected best practices are also featured on the UFI website to inspire peers and foster excellence across the exhibition industry.

Devastating floods threaten to worsen food insecurity in East Africa as heavy rains lash a region that less than a year ago was in the grip of drought, warned Thursday the United Nations World Food Program (WFP). “ East Africa is being hit by the extremes of climate change - from no water to too much water, it's catastrophic. With more rain forecast, I fear the worst is yet to come,” said Michael Dunford, WFP Regional Director for Eastern Africa. Somalia, Ethiopia, and Kenya are the countries most affected by this crisis, followed closely by Sudan, South Sudan, Burundi, and Uganda**. WFP has provided food and financial assistance to nearly 580,000 people affected by floods in the Horn of Africa, in addition to those who benefited from its pre-existing aid operations.

Addis Abeba – The Ethiopian Human Rights Council (EHRCO) revealed this week that its efforts to investigate alleged human rights violations in Ethiopia have been severely impeded by obstruction from governmental authorities. In a statement released yesterday, the Council outlined the systematic and growing barriers it has faced in trying to investigate reported rights violations through on-site monitoring and interviews. However, the Council has faced silence, rejections, or outright refusal to accept letters of request from police, security, and detention authorities. While some engagement has occurred, such as the Oromia Attorney General Office recently granting prison access, EHRCO says overall restrictions on information sharing and permission for its work remain the norm. The statement concludes by urging the federal and regional governments to refrain from impeding EHRCO’s operations and to contribute to ensuring respect for human rights by enabling the independent monitoring and fact-finding role of the Ethiopian Human Rights Council.

A devastating flood which hit the south Omo region of Ethiopia nearly three weeks ago has left many residents homeless and in need of assistance. The flood in Akodogol village of Dasenech distrirct was caused by the sudden rise of the Omo River. Heavy rains in the highlands of south and southwest Ethiopia caused the river to overflow and flood 34 administrative wards and seven islands in the Dasenech Woreda region of South Omo since late October. Lolinga Ashote, a 30-year-old mother of six from Delerele Kebele, recalled the night when the flood swept away her home and village. Ephrem said the community had suffered due to drought because of failed rainy seasons, and now the flood had destroyed almost everything they had.

Taye Dendea ,State Minister in the Ministry of Peace. Regarding the peace negotiation between the Ethiopian government and the “Oromo Liberation Army,” he recalled, “I remember when I was engaging people in Gebre Gurecha. The State Minister also addressed the situation in the Oromo region, stating that his government has failed to deliver on its promises, and the situation in the region is unbearable. The second round of negotiations between the Ethiopian government and OLA in Tanzania last month concluded without an agreement. The third round of negotiation is anticipated, but the timeframe remains unspecified.

This disclosure coincided with reports of arrests of coordinators of an Anti-War peaceful demonstration in the capital, Addis Ababa. The Ethiopian government’s Joint Security Task Force further claimed an endeavor to “infiltrate armed groups into Addis Ababa” and reported that it seized firearms. It implicates the Anti-War peaceful protest and its organizers, indirectly accusing the planned peaceful demonstration participants affiliated with various opposition political parties. Moreover, the task force alleged that the intention was to target innocent civilians under the guise of a peaceful protest. The government calls their move ” a terrorist plan to create turmoil and violence in Addis Ababa.

(@ChaudhryMAli88)The Embassy of the Federal Democratic Republic of Ethiopia (FDRE) in Islamabad celebrated its 18th Nations, Nationalities and Peoples’ Day on Thursday in presence of a large number of Ethiopian Diaspora in Pakistan, media, civil society and friends of EthiopiaISLAMABAD, (UrduPoint / Pakistan Point News - 7th Dec, 2023) The Embassy of the Federal Democratic Republic of Ethiopia (FDRE) in Islamabad celebrated its 18th Nations, Nationalities and Peoples’ Day on Thursday in presence of a large number of Ethiopian Diaspora in Pakistan, media, civil society and friends of Ethiopia. The day was celebrated colorfully at the Embassy with a national zeal and fervour. Speaking on the occasion, Ethiopian Ambassador Jemal Beker Abdula said the people of Ethiopia were celebrating the 18th Nations, Nationalities and Peoples’ Day of Ethiopia today. He said the government FDR Ethiopia was committed to defend its sovereignty, diversity and aspiration of its nations. “Today, Ethiopia is a symbol of peace and stability in the Horn of Africa and our Prime Minister is leading the efforts to promote national unity in Ethiopia,” he added.

Art of Aging: West Philly couple Bellew Asfa and Gomege Achamyeleh serving up Ethiopian food from their homeland at Amsale CaféBellew Asfa and Gomege Achamyeleh opened Amsale Café in June of 2022 on the 4800 block of Walnut Street in West Philadelphia. WEST PHILADELPHIA (WPVI) -- If you've never had Ethiopian food, Bellew Asfa and Gomege Achamyeleh are happy to introduce you. They opened Amsale Café in June of 2022 in West Philadelphia. She works back of the house as chef, but she's also co-owner of Amsale Café, along with her husband, Asfa. Amsale Café is a second act for both of them.

1 min readADDIS ABABA – Ethiopian Investment Holdings (EIH), a national sovereign fund, managed to generate close to 250 Billion Birr in first-quarter revenue from state-owned companies in its portfolios. CEO Abdurahman Eid Tahir presented the EIH first quarter performance report to the parliament’s Public Enterprises Standing Affairs Committee Wednesday. Ethiopian Investment Holdings has also reported a 36.5 Billion Birr in gross profit. “Together with CBE, three companies contributed 87 percent of the profit recorded in the first quarter,” the CEO said. While 23 enterprises in EIH portfolio record positive financial performance, Ethiopian Mineral Corporation, Ethiopian Pulp and Paper Factory, and Ethiopian Sugar Industry Group continue to incur losses.

The NewsADDIS ABABA — Ethiopia’s central bank is fast-tracking the rollout of a new legal framework to spur foreign competition in the local banking sector while simultaneously imposing strict limits on the role of foreign players. Ethiopia’s government is keen to benefit from foreign investment but wants to prevent smaller local banks from being swallowed up by larger foreign rivals. The Ethiopian banking sector is valued at around 2.4 trillion Birr (almost $43 billion), according to Addis Ababa-based investment firm Cepheus Growth Capital. Both cases highlight the difficulty of this moment for foreign entrants to Ethiopia’s banking sector. “Is it foreign currency or efficiency the government wants from foreign banks?

analysisImmediate action is needed to prevent the Amhara conflict from extending regionally. Ethiopia's Amhara region has been the epicentre of political violence and armed conflict, with Fano ethnic militias clashing with the federal government since April this year. However, its armed forces and ethnic militias joined the federal government in the war against Tigrayan forces. The Amhara forces are also alarmed about the status of Wolkayt and Raya's contested territories. The instability and ongoing war between the Sudanese Armed Forces and the Rapid Support Force in Sudan could also influence the trajectory of Ethiopia's armed conflict.

Islamabad: The Embassy of the Federal Democratic Republic of Ethiopia (FDRE) in Islamabad has celebrated its 18th Nations, Nationalities and People’s Day here on Thursday in esteemed presence of a large number of Ethiopian diaspora in Pakistan, media, civil society and friends of Ethiopia, says a press release. The day was celebrated colorfully at the Embassy of FDRE Ethiopia in Islamabad with a national zeal and fervour. Cultural performances and Ethiopian coffee ceremony were put on the display to promote diverse culture of the FDR Ethiopia. Jemal Beker Abdula, Ambassador Extraordinary and Plenipotentiary of the FDR Ethiopia to Pakistan addressing on the occasion of the 18th Nations, Nationalities and People’s Day in Islamabad embassy on December 7, 2023. — Facebook/Ethiopia Embassy IslamabadSpeaking on the occasion, Jemal Beker Abdula, Ambassador Extraordinary and Plenipotentiary of the FDR Ethiopia to Pakistan, said the people of Ethiopia were celebrating the 18th Nations, Nationalities and Peoples’ Day of Ethiopia.