Ethiopia’s long-delayed Tulu Kapi gold project has reached a major turning point after securing about $340 million in development financing, clearing the way for construction of one of the country’s largest modern gold mines. KEFI Executive Chairman, Harry Anagnostaras-Adams, commented: "We are delighted that the Tulu Kapi debt offering has now been signed by all the relevant parties." "With the gold price at a record high, this is the perfect time to be launching Tulu Kapi." Ethiopia has been working to modernise its mining sector after years of underinvestment, with gold now playing a growing role in export revenues. Tulu Kapi is designed as an open-pit mine with potential underground expansion, allowing production to be extended beyond its initial life.

The Commercial Bank of Ethiopia (CBE) has launched an online platform enabling customers to link their accounts to the national digital identity system, Fayda, aiming to streamline the process and reduce reliance on branch visits. The platform allows users to securely connect their Fayda ID to multiple accounts, streamlining access and reducing the need for branch visits. The move comes three weeks after the National Bank of Ethiopia introduced VeriFayda 2, the updated electronic know-your-customer system, making linking a Fayda ID mandatory for new accounts and account consolidation. Customers without a Fayda ID must register at designated enrolment centres before completing the account linkage. The National Bank of Ethiopia and the National ID Program have set March 30, 2026, as the deadline for completing the integration.

The Investment on DBE Bonds (Repealing) Directive No. SBB/98/2025, effective December 31, 2025, rescinds the earlier SBB/81/2021 requirement, which mandated that banks invest at least one percent of their audited outstanding loans and advances in DBE bonds. The original DBE bond requirement, introduced in 2021, aimed to mobilise long-term funding for development-oriented projects. The repeal reflects a shift in regulatory policy toward enhancing banks’ flexibility in managing liquidity and investment portfolios. The change is anchored in the National Bank of Ethiopia Proclamation No.

A ship from the UAE carrying humanitarian aid for the people of Gaza has arrived in Al Arish, Egypt. The Sheikh Mohammed bin Rashid Humanitarian Ship – named in honour of the Vice President and Ruler of Dubai – was carrying more than 7,300 tonnes of supplies for the enclave. In July, the UAE announced the launch of a project to supply desalinated water to the southern Gaza Strip through a pipeline. It aims to serve 600,000 affected Gaza residents, providing 15 litres of desalinated water for each person each day. The UAE’s 200-bed field hospital in Gaza has provided medical care for more than 54,000 patients.

Snow showers in the forecast early New Year's Eve Snow showers in the forecast early New Year's Eve

Flurries possible on New Year's Eve in Maryland Flurries possible on New Year's Eve in Maryland

Turkish Airlines to be among world's top 5 airlines by 2033, say CEOISTANBULTürkiye's flag carrier Turkish Airlines will be among the world’s top five airlines by 2033, when it reaches an aircraft fleet of 813 units, the airline's CEO has said. Turkish Airlines’ fleet has soared in size from just 65 aircraft in 2003 to 514 today, according to Bilal Ekşi. "In 2033, the 100th anniversary of Turkish Airlines, we will reach 813 aircraft. Pointing out that all financing for the aircraft will be covered by Turkish Airlines' own resources, Ekşi said: "Thus, we are building a second Turkish Airlines within the next 10 years. "In 2003, Turkish Airlines had 65 aircraft, and we ranked 35th in the world in terms of aircraft fleet size.

67-year-old man killed in Randallstown fire, police say The victim and his two dogs were found together, deceased, in the home. Baltimore County fire investigators ruled the fire accidental due to unattended cooking.

Ethiopia, landlocked since Eritrea seceded in 1993 after a long civil war, relies heavily on Doraleh for trade. Egypt has more than 2,000km of Red Sea coastline on its mainland and the Sinai Peninsula. The deal with Djibouti, which Egyptian President Abdel Fattah El Sisi visited in April, was negotiated by senior Egyptian and Djibouti officials, they said. More tax audits Tax authorities are increasingly using data already available across multiple filings to identify audit risks. Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

Addis Ababa, December 30, 2025 (FMC) – Ethiopia’s pursuit of access to the sea is a strategic priority that transcends political affiliations, Foreign Affairs Minister Gedion Timothewos told the House of People’s Representatives today. Responding to questions posed by members of the House during the 6th regular meeting, the minister said Ethiopia has successfully raised international awareness regarding its legitimate claims to sea access. The ministry is working to ensure Ethiopia’s pursuit of sea access remains a strategic priority for the nation, the minister stressed. He highlighted that Ethiopia’s improving relations with most neighboring countries will foster a conducive environment for achieving this strategic goal. Finally, the minister urged all Ethiopians to unite in defending the country’s interests regarding this critical agenda, emphasizing that the quest for sea access is not merely a government issue but a generational goal that transcends political affiliations.

However, neither Foreign Minister Gedion Timothewos nor his deputy, who were present at the session, responded to the questions about Somaliland. Since then, Ethiopia’s recognition of Somaliland appears to have stalled. Since the Ankara-mediated agreement between Ethiopia and Somalia, the agreement with Somaliland has remained largely dormant over the past year. During today’s regular session of the House of Representatives, members of parliament referenced Israel’s recognition of Somaliland’s sovereignty when raising questions. However, Foreign Minister Gideon Timothewos, who declined to answer parliamentarians’ questions directly, said Ethiopia maintains good relations with most of its neighboring countries.

The 5 Million Ethiopian Coders Initiative was therefore launched by Prime Minister Abiy Ahmed on July 23, 2024. The program focuses on building foundational digital skills in Android development, web programming, data analysis, and artificial intelligence. Arsema Mengistu, Information Systems student at Addis Ababa University, said the free coding training has created valuable opportunities for her to acquire basic digital skills. According to her, the digital skills she gained through the training has significantly supported her in the formal education. The 5 Million Ethiopian Coders Program is playing a significant role in empowering Ethiopian youth with critical digital skills, supporting the country’s efforts toward digital transformation and inclusive participation in the global digital economy.

While Jerusalem was breaking the diplomatic stalemate in the Horn of Africa with a move toward pragmatism, Cairo was busy finalizing plans to set the Red Sea on fire. By militarizing the southern Red Sea to encircle Ethiopia—and aligning with Islamist-backed Turkey to condemn Israel—Cairo has revealed itself not as a partner in peace, but as a primary arsonist in Africa’s most volatile corridor. By legitimizing Somaliland, Israel has unwittingly handed Ethiopia a diplomatic lifeline, effectively neutralizing Egypt’s strategy of containment. 3 View gallery The Houthis sank the Magic Seas cargo ship in the Red SeaDestabilization as statecraftThe Red Sea is already choked by Houthi terrorism . Its "Red Line" regarding the Nile has morphed into a "Red Sea Blockade" strategy.

Addis Ababa — Modern farming practices are reshaping agriculture in Ethiopia, helping farmers increase yields, improve efficiency, and adapt to changing conditions, according Office of the Prime Minister (PMO). "From improved seeds to better irrigation and technology, these innovations are strengthening livelihoods across rural communities," the office underscored. It added that agriculture continues to be the backbone of the nation's economy, driving growth, supporting prosperity, and ensuring food security for millions of Ethiopians.

Where's Marty: Getting fitted at Tuxedo House for New Year's Marty Bass is at Tuxedo House checking out what makes the perfect New Year's Eve look.