Egypt said on Tuesday that a four-month deadline agreed to with Ethiopia to negotiate an end to a long-running dispute over a dam on the Nile has expired without any progress made. It has for years wanted Addis Ababa to agree to a legally binding deal on the filling and operation of the dam. Ethiopia has insisted the hydroelectric dam on the Blue Nile is crucial to the nation's development and that Egypt and fellow downstream country Sudan have nothing to fear. Sudan, which will also be affected by the building of the dam, has consistently been a party to the negotiations. “In view of these Ethiopian positions, the path of negotiations has now ended.”A view of the Nile River in Cairo, Egypt.

Israeli troops have raided a series of hospitals and shelters in the north, detaining men in a search for militants and expelling others taking refuge there. Israel has killed hundreds of Hamas militants there and detained another 500 suspected militants, according to a statement from division commander Brig. The war began after Hamas and other militants killed some 1,200 people in Israel, mostly civilians, and abducted 240 others. Israeli troops seized northern Gaza’s Al Awda hospital on Sunday after besieging it for 12 days, the international aid group Doctors Without Borders said Tuesday. There was no immediate comment from the Israeli military about the hospital raids.

Ethiopian Airlines, Africa’s largest carrier, has announced a USD $450 million loan agreement to finance the acquisition of five new Boeing aircraft. Ethiopian Airlines has set ambitious goals for its fleet, aiming to grow it to over 270 aircraft by 2035. The new aircraft, consisting of three Boeing 737-8 MAXs and two Boeing 777 Freighters, will increase Ethiopian Airlines’ fleet to a total of 150. “Citi has been serving Ethiopian Airlines for many decades, and we are pleased to support its growth with financing for five new aircraft. RELATED; Ethiopian Airlines Set to Own 49% Stake in New Nigeria Air

Pictures released by the joint task forces show several weapons on display. Addis Ababa – Ethiopia’s Joint Security and Intelligence Task Force said security forces “completely foiled terrorist attack” by Somalia-based militant group, Al-Shabaab, that were planned to be carried out in the city of Jigjiga, the capital of Somali region, and various cities and areas in the regional state. The joint task force added that members of al-Shabaab were deployed to carry out terrorist attacks in Jigjiga, Fiq, Warder and Bike areas of the Somali region. In September this year, the national army said that “Al-Shabaab planned to attack the Ethiopian Defense Forces at a place called Robdirre inside in Somalia, but the plan was completely thwarted by [members of] defense forces” stationed in Somalia. The attacks were repulsed after reinforcement members of the ENDF were dispatched to join the Somali region’s security forces.

Ethiopia Nigd Bank, also known as Commercial Bank of Ethiopia (CBE) has been flying high this season in the Premier League but also among the Clubs and players sanctioned after week 8 fixtures.. The Ethiopia Premier League discipline committee has fined players and clubs after reports from match referees. The Clubs sanctioned include Ethiopia Nigd Bank, Hambericho Durame , Ethiopian Insurance and Hadiya Hosaena, all fined 5 000 birr because five or more than five players received yellow cards in their respective matches of the week.

The World Health Organization (WHO) proudly launched the Health Transformation Leaders training program on December 18, 2023. High-level representation from national and regional levels, including state ministers of health, heads of regional health bureaus, director generals, and deputies of agencies, was in attendance, making this event a resounding success. Dr. Lia Tadesse, Minister, Ministry of Health, Ethiopia, said, "Investing in the professional growth of our health leaders is crucial to creating a sustainable future for our healthcare system. This training program represents a vital step in building capacity and enhancing the competencies required to respond effectively to the evolving demands of our health sector." Distributed by APO Group on behalf of World Health Organization (WHO) - Ethiopia.

Ethiopian Investment Holdings (EIH) has announced ongoing negotiations to transfer ownership of certain sugar plants to both local and international companies. EIH CEO Abdurehman EidTahir stated that bids for some sugar mills are open to foreign and local investors, with the government ready to engage in negotiations. The government aims to reform the sugar industry and is actively encouraging potential investors to submit bids for sugar mills located across the country. Abdurehman emphasized the need for private investors, including foreign companies, to tap into this significant market opportunity. He highlighted challenges faced by the seven sugar mills, including the necessity for intensive maintenance and substantial foreign currency for spare parts.

Ethiopian Airlines has secured a $450 million loan with Citi Corporate Banking and Export Agency and Finance to finance the purchase of three Boeing MAX 8s and two 777Fs. The loan secures the financing of Ethiopian’s fleet renewal. All five aircraft are scheduled for delivery before the end of the year. So far, only one MAX 8 has been delivered on December 15. When delivered, the fleet will have grown to 150 aircraft.

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"The recent escalation in reckless Houthi attacks originating from Yemen threatens the free flow of commerce, endangers innocent mariners and violates international law," Austin said in a statement Monday. Austin said the countries involved in the new task force "- dubbed Operation Prosperity Guardian "- include the US, the UK, Bahrain, Canada, France, Italy, the Netherlands, Norway, the Seychelles and Spain. It will be run under the umbrella of a pre-existing grouping in the region, the Combined Maritime Forces, and the leadership of its Task Force 153, which focuses on the Red Sea. Austin, speaking at a briefing in Tel Aviv with his Israeli counterpart earlier in the day, said he would convene a virtual ministerial meeting Tuesday to discuss ways to protect ships in the Red Sea. The Houthis have claimed repeated attacks in the Red Sea on commercial vessels in the last several days, incidents that the US and allies say are intended to provoke a wider Middle East War.

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He said most Ethiopian coffee farmers have never heard of the EUDR and that even educated villagers would struggle to collect the required data in time. Coffee generates 30-35% of Ethiopia’s total export earnings, with almost a quarter sold to the EU. Compliance costs throughout the supply chain are meanwhile expected to raise food prices in the 27-country EU. Abidjan is as a result considering reclassifying its protected forests, sources said, prompting the EU to publicly call on the country to desist. She said the EU should accept an Ivorian plan to reclassify as agricultural land some areas where forests are already heavily degraded.

Yeah, that's yeah, that's right. A scenario, a soft lending scenario with ongoing disinflation is is very beneficial for emerging markets. But on the other hand, emerging markets have more took to compulsory. And some emerging markets can just do well. What I can tell you is that I like all the emerging markets in the past.

News: Melatework Hailu voted in as the new chairperson of National Election BoardToday, Melatework Hailu was formally sworn in as the Chairperson of the National Election Board of Ethiopia (NEBE) before lawmakers (HoPR/Facebook)Addis Abeba – The House of People’s Representatives has officially voted Melatework Hailu as the Chairperson of the National Election Board of Ethiopia (NEBE). At the regular session of the House of Representatives held today, the chief government whip, Tesfaye Beljige, recommended Melatework for the chairmanship. Getnat Tadese was confirmed as the new Chief Executive Officer of the Ethiopian Broadcasting Corporation, which is tasked with the oversight of the nation’s television and radio networks. With a substantial background in the media industry, Getnat has previously held numerous executive roles within the realm of Ethiopian Broadcasting Corporation. Furthermore, Mesafint Tefera has been appointed as the new Chief Executive Officer of the Ethiopian Press Agency, the national news wire service of Ethiopia.

AvtoVAZ, the Russian state-owned automaker, and Ethio Engineering Group have signed a letter of intent to collaborate on manufacturing Lada cars in Ethiopia. The agreement was signed by Ambassador Suleiman Dedefo of Ethio Engineering and Ilya Savinov, Vice President of Sales and Marketing at AvtoVAZ. The collaboration involves Ethio Engineering initially assembling Lada cars, later transitioning to full production for local and African markets, with a focus on agriculture, agro-processing, mining, and manufacturing sectors. According to earlier reports, Lada cars manufactured in Ethiopia have the potential to be exported to other African countries, including Sudan, South Sudan, Kenya, and Somalia. Additionally, there are reports indicating the interest of other Russian car manufacturers in investing in Ethiopia's car assembly sector.