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Ethiopia has set aside several billion dollars to cushion the impact of its ongoing economic reforms, aimed at securing support from the International Monetary Fund (IMF). The IMF forecasts the inflation rate could rise to an average of 30% this fiscal year before stabilizing,” Eyob noted. On Monday, it traded at 93.1206 birr per dollar, according to central bank data, while the unofficial market saw rates around 122 birr per dollar. Ethiopia’s external debt stands at approximately $29 billion, with half potentially subject to restructuring. The government has already restructured some domestic debt, converting 265 billion birr of Treasury bills held by pension funds into 10-year securities.

The Federal High Court in Lagos has voided the sale of Nigeria Air to Ethiopian Airlines. He declared the transaction invalid and legally ineffective, effectively blocking the federal government’s plan to establish Nigeria Air as the national carrier. The court’s decision puts the future of Nigeria Air on hold, pending further judicial review and potential changes to the project’s execution. The plaintiffs in the lawsuit comprise the Registered Trustees of the Airline Operators of Nigeria, along with Azman Air Services Limited, Air Peace Limited, Max Air Limited, United Nigeria Airlines Company Limited, and Topbrass Aviation Limited. The defendants were Nigeria Air Limited, Ethiopian Airlines, former Minister of Aviation Senator Hadi Sirika, the Federal Ministry of Aviation, and former Attorney-General of the Federation, Abubakar Malami.

Saudia Group has announced its remarkable contributions to the success of Hajj Season 1445H through its integrated ecosystem that includes aviation, cargo, logistics, catering, ground services, and maintenance. Across the 74-day Hajj operations, Saudia operated at full capacity, ensuring operational efficiency with its fleet of 144 aircraft, as well as 14 additional aircraft dedicated to Hajj flights. Saudia Cargo played a pivotal role, leveraging innovative cargo services and a modern fleet, capitalizing on the Kingdom’s strategic location to connect continents together and execute digital transformation plans. During the Hajj season, Saudia Cargo operated 717 flights, transporting 98.9 thousand tons across 44.6 thousand export air waybills. SAL managed 3.4 million cargo shipments, totaling 76 million kg in weight, and operated 14.2 thousand flights, serving 59 airlines.

A Boeing 737 MAX 9 airplane test its engines outside of the company’s factory on March 11, 2019 in Renton, Washington. Boeing’s stock dropped today after an Ethiopian Airlines flight was the second deadly crash in six months involving the Boeing 737 Max 8, the newest version of its most popular jetliner. (Stephen Brashear/Getty Images/TNS)By Lori Aratani and Ian Duncan / The Washington PostNewly released transcripts of interviews with Boeing employees describe a chaotic push to finish building the 737 Max that suffered a midair blowout in January. According to the transcripts released Tuesday, some workers described pressure from their bosses to move aircraft through the production line. The Federal Aviation Administration has imposed limits on the number of 737 Max jets Boeing can build until it is confident the company is following its own procedures for ensuring jets are safe.

The Board of Directors of the African Development Bank Group (www.AfDB.org) have approved a loan of US $26.55 million to Togo to implement the second phase of the Agro-Food Processing Zone Project. The aim is to provide the country with an industrial hub for processing agricultural products and establish a business zone to offer opportunities to young people and women in the Kara and Savanes regions, in the north and far north of the country, respectively. “As well as consolidating the achievements of the first phase of the project, it was essential to support the structure of the Togo Agro-Food Processing Zone Project (Togo Agropole) with a second phase. The project will also fund the purchase of small agricultural equipment for vegetable-growing plots, particularly for women. The plan is also to build the capacity of agricultural producers, including women, in production, processing, storage and marketing to help them find markets and sell agricultural products.

Redwan Mohammed leads a project to restore Ethiopia’s Ziway-Shalla river basin, which is under pressure due to deforestation and erosion. Lake Abijata is experiencing rapidly declining water levels as a newly established soda ash extraction plant is drawing water from the lake. Redwan Mohammed: Wetlands are important biodiversity hotspots which are critical for the survival of various animal and plant species and millions of people in the surrounding community. Ziway-Shalla is a closed water basin, located in the Rift Valley of Ethiopia, the country’s most important wetland area. Banner image: Redwan Mohammed speaking to local residents near Lake Shalla Image by Solomon Yimer for Mongabay.

Bangladesh’s president dissolved parliament Tuesday, clearing the way for new elections to replace the longtime prime minister who resigned and fled the country following weeks of demonstrations against her rule that descended into violent unrest. The streets of Dhaka appeared calmer Tuesday, with no reports of new violence as jubilant protesters thronged the ousted leader’s residence. The prime minister had called the protesters criminals and said they should be treated with an iron hand. Over the weekend, protesters called for a “non-cooperation” effort, urging people not to pay taxes or utility bills and not to show up for work. The weekend of violence left dozens of people dead in the predominantly Muslim nation of over 160 million people.

Men's 400m semifinals: Scorching-fast times highlighted the day's men's 400m semifinals. U.S. athletes Quincy Hall, Michael Norman and Chris Bailey all moved into the Olympic final, as well. Great Britain's Matthew Hudson-Smith, the reigning world silver medalist, cruised through his semi and will go for his first Olympic medal on Wednesday. That time is the fastest ever in a women’s 400m hurdles semifinal at an Olympics. In Tokyo, Chopra earned India's first-ever Olympic gold medal in track and field.

Egyptian Foreign Minister Badr Abdelatty said de-escalation efforts were "ongoing and intensive." I also repeatedly contacted the Acting Foreign Minister of Iran three times. We communicated with the Russian Federation's Foreign Minister, and today, there is a call with the Chinese Foreign Minister. There have also been contacts made by Prime Minister Najib Mikati and my brother, Minister Bou Habib," said Abdelatt. Israeli Prime Minister Benjamin Netanyahu told his Cabinet over the weekend that Israel is already in a “multi-front war” with Iran and its proxies.

Nearly two decades since the onset of their track rivalry, Eliud Kipchoge and Kenenisa Bekele return to the city where it all began for the Paris 2024 Olympics. The 37-year-old is chasing more history in Paris in 2024, and wants to become the first athlete to win three back-to-back Olympic marathon titles. The two haven't raced each other since 2018, when Kipchoge won the third of his fourth London marathon titles. Talking of times, Kipchoge is the fastest man alive in the absence of the world record holder Kelvin Kiptum, a fellow Kenyan who lowered the World Record at the 2023 Chicago Marathon. Kiptum, who had been preselected to the Paris 2024 marathon team, died in a car crash last February.

A human rights lawyer, Mr. Femi Falana (SAN), has cautioned protesters to avoid “undemocratic forces” using the nationwide hunger protest to call for a military coup in the country. Falana’s statement follows reports on Sunday of protesters in Kano State waving Russian flags and chanting in Hausa, “We don’t want a bad government.”While acknowledging the constitutional right to peaceful protests (sections 39 and 40), Falana called on #EndBadGovernance protesters to reject undemocratic forces hijacking the movement to promote violence or a military coup. He said: “While we support the rights of the #EndBadGovernance protesters, we have a patriotic duty to call on them to distance themselves from undemocratic forces who have taken advantage of the peaceful protests to engage in violence or campaign for a military coup in the country. “It has become necessary to point out that calling for a military coup or waving the flag of Russia, a country known for supporting unconstitutional changes of government in Africa, constitutes a gross abuse of the constitutional right to protest against the government of Nigeria. “The legitimate protests against hardship in the land should not be turned into a campaign for an unconstitutional change of government.”The legal luminary further cautioned those advocating military rule, warning that they may face charges of treasonable felony in violation of Section 41 of the Criminal Code.

South African police discovered 90 Ethiopians packed into locked rooms in inhuman conditions at the weekend, a spokesman said Monday and arrested two suspects on allegations of kidnapping and human trafficking. Officers “rescued 90 undocumented Ethiopian nationals who were allegedly being kept against their will and under inhuman conditions,” a statement said. They were “found locked up, confined and packed into rooms”. Last September, around 102 undocumented foreign nationals, most of them Ethiopians and some as young as 10 years old, were found in a house in the east of Johannesburg. According to then home affairs minister, Aaron Motsoaledi, they were brought to South Africa to operate general stores around the country.

The collaboration was agreed upon during a meeting between Special Envoy & Ambassador Extraordinary and Plenipotentiary of Ethiopia to Pakistan, H.E. Dr. Abid Qaiyum Suleri, Executive Director, SDPI here at the Embassy of Ethiopia. The forum will have participation of Parliamentarians, diplomatic and business community, environmentalists, religious and media fraternity, youth and civil society. It is aimed at sharing success story of Ethiopia with Pakistan in environmental conservation, ecosystem restoration and food security under the Green Legacy initiative of H.E. He extended full support of the Institute to the Embassy to engage state-level dignitaries to participate in that plenary.

Human rights violations have continued unabated, with no progress towards individual accountability, in the Amhara region since the latest armed conflict began a year ago. Human rights violations have continued unabated, with no progress towards individual accountability, in the Amhara region since the latest armed conflict began a year ago. “African and global human rights bodies were established to prevent and respond to gross human rights violations and crimes under international law, and to ensure those responsible for such crimes are held accountable – including by raising above attacks against Justice and accountability. It is long overdue for the African and global human rights bodies to bring Ethiopia back to their agenda, including setting up public and private engagements on the situation in the Amhara region. Tigere Chagutah“It is long overdue for the African and global human rights bodies to bring Ethiopia back to their agenda, including setting up public and private engagements on the situation in the Amhara region.