The African DefenCe Ministers meeting will focus on enhancing partnerships to combat terrorism, addressing global and regional security threats, and exploring future cooperation opportunities. Addis Ababa — Africa must engage with the world on its own terms, ensuring that its interests are represented and respected on the global stage, said Ethiopia's Deputy Prime Minister Temasgen Tiruneh. Opening the conference, the Deputy Prime Minister mentioned that Africa is currently facing security challenges. "We come together today at a pivotal moment for Africa, our continent faces profound security challenges, intrastate conflicts, cross border tensions." The Deputy Prime Minster elaborated that this moment calls for us to reaffirm a "principle that has guided us for decades, 'African solutions to African problems.'

October 16, 2024 13:48 UTC

Market Musing-gRipple and IRC to Boost Humanitarian Aid with RLUSDRipple Labs and IRC have partnered in a bid to accelerate aid delivery through XRP Ledger and the RLUSD stablecoin The post Ripple and IRC to Boost Humanitarian Aid with RLUSD appeared first on The...

October 16, 2024 13:14 UTC

October 16, (THEWILL) – An Akasa Air passenger aircraft flying 184 passengers from New Delhi to the Indian southern city of Bengaluru, was diverted on Wednesday after it “received a security alert” relating to a bomb threat. Another flight, the domestic carrier IndiGo, flying from Mumbai to New Delhi, was diverted to Ahmedabad in Gujarat. The Indian Express newspaper reported 12 domestic and international flights have received bomb threats since Monday, including some messages posted on social media. Singapore scrambled fighter jets on Tuesday to escort an Air India Express plane after an email warning about a possible bomb on board. Air India also said on Tuesday that one of its planes from New Delhi to Chicago had to make an emergency landing in Canada because of “a security threat posted online”.

October 16, 2024 13:04 UTC

October 16, (THEWILL) – Ethiopian Airlines marked its 78th anniversary at the 20th Akwaaba African Travel Market in Lagos. The airline’s Sales Manager, Mrs Adetola Alabi, showcased the airline’s rich history and exciting future during her presentation titled: “ETHIOPIAN AIRLINES: PAST, PRESENT, & FUTURE INNOVATIONS FOR CONTINUED LEADERSHIP IN AVIATION.”Mrs Alabi announced that Ethiopian Airlines will soon introduce its newest aircraft, the Airbus A350-1000, to its Lagos fleet. Ethiopian Airlines has been a steadfast presence in Nigeria since the country’s independence in 1960. Mrs Alabi highlighted Ethiopian Airlines’ significant milestones: International Expansion: The airline’s inaugural international flight was to Cairo in 1946, marking the beginning of its global network. The introduction of the Airbus A350-1000 marks a significant milestone in this journey, promising a new era of travel for Nigerian passengers.

October 16, 2024 13:04 UTC

The initiative signifies the East African country's strides to tap the global satellite data market. Ethiopia's first ever earth observatory satellite, the ETRSS-1, was launched into space from China in 2019. In 2021, Ethiopia opened a 7.3 meters multi-satellite tracking and data receiving ground station at the Entoto Observatory and Research Center. This is a vivid example of the deepening cooperation in space technology as well as the flourishing sci-tech cooperation between China and Ethiopia in recent years. The two parties recently signed a series of bilateral cooperation documents on the Belt and Road Initiative cooperation, economic and trade cooperation, space technology, and Earth science.

October 16, 2024 12:51 UTC





In the latest edition of Africa’s Pulse, a new report by World Bank, the naira has been listed among the worst-performing currencies in Sub-Saharan Africa in 2024. The World Bank’s report further noted that demand for dollars, spurred by financial institutions, non-financial end-users, and money managers, has exacerbated the pressure on the naira. It noted, “By August 2024, the Ethiopian birr, Nigerian naira, and South Sudanese pound were among the worst performers in the region. The Nigerian naira continued losing value, with a year-to-date depreciation of about 43 per cent as of end-August. The naira’s struggle reflects broader economic challenges in Nigeria, including limited foreign currency reserves and ongoing inflationary pressures.

October 16, 2024 12:49 UTC

The official currency of Nigeria, naira has depreciated by about 43% as of August 2024, making it one of the worst-performing currencies in Sub-Saharan Africa. According to the World Bank’s Africa Pulse report, the Nigerian naira, along with the Ethiopian birr and South Sudanese pound, ranked as the region's weakest currencies. The report cited increased demand for US dollars, limited dollar inflows, and delays in foreign exchange disbursements by Nigeria’s Central Bank as major factors. “By August 2024, the Ethiopian birr, Nigerian naira, and South Sudanese pound were among the worst performers in the region. However, many African economies, including Nigeria, continue to experience foreign exchange shortages and exchange rate pressures.

October 16, 2024 09:31 UTC

Whether you've never had Ethiopian food, or you're already a fan, we hope you're excited for Tesfa Cuisine to come to you in Wheaton, Elmhurst, Glen Ellyn, Lombard, and Oak Park on Wednesday, October 23rd! Tefsa, one of the most highly rated Ethiopian restaurants in Chicago, offers traditional Ethiopian cuisine, with samplers for two, family samplers, and samplers for vegetarians and meat eaters. Popular choices include the Siga Wot, or spicy Ethiopian beef stew. the Doro Wot, or spicy chicken stew, or the vegetarian Tesfa specialty, Yetimatim Wot, which is a tomato stew. Your order will be available for home delivery between 3:00 - 5:30pm.

October 16, 2024 05:38 UTC

There’s good reason for South Bay football fans to make a chai latte their drink of choice this NFL season. The Nirvana Soul coffeehouses have teamed up with San Francisco 49er T.Y. McGill to create a special coffee blend and signature latte to benefit McGill’s Purpose Project. For the medium-roast coffee blend, Nirvana Soul uses Ethiopian and Ugandan beans. Nirvana Soul, a trailblazing Black-owned business, was launched in 2020 by sisters Jeronica Macey and Be’Anka Ashaolu.

October 16, 2024 04:20 UTC

When Julie’s Pizzeria in Springville first shared a new pumpkin spice seasonal wing flavor on social media a couple of autumns ago, the response was mixed. Collesano was inspired by a recipe from his restaurant distributor, Sysco, for Frank’s RedHot Pumpkin Spice Wings. They're an acquired taste, but one worth acquiring, at least for pumpkin spice season. Maybe a foliage-filled drive Springville for pumpkin spice wings could become a new fall food tradition. Lake Effect Ice Cream winter hoursWhen the outside temperature starts to match the cold air within an ice cream cabinet, Lake Effect Ice Cream usually closes its Hertel location for the winter – but not this year.

October 16, 2024 03:01 UTC

Beachwood, OH (44122)TodayCloudy this morning. A few showers developing during the afternoon. Winds NNW at 10 to 15 mph. Chance of rain 30%..TonightCloudy skies early, followed by partial clearing. Winds WNW at 5 to 10 mph.

October 16, 2024 02:51 UTC

The National Bank of Ethiopia (NBE) has mandated financial institutions in the country to separately include their forex trading spreads in their daily posted rates to enable transparency. The forex trading spread is the difference between a bank’s buying and selling rate for a foreign currency and should not exceed 2% for the posted rates. The Ethiopian apex bank has also required financial institutions to independently report and disclose forex-related fees and commissions to their clients. These FX fees shall also be regularly reported to the NBE for review and assessment. “However, based on lessons gained from experience and inputs received from the banking sector, it has now become important to review the earlier decision regarding the treatment of FX related spreads and fees,” NBE added.

October 16, 2024 01:06 UTC

The Metropolitan Museum of Art has returned another ancient Greek drinking vessel to Italian officials overseeing the countries’ repatriation efforts after finding the artifact was likely looted from its origin site. The returned item, a kylix produced by an anonymous workshop dating back to around 490 B.C. The piece is nearly identical in structure and coloring to another cup the Met retuned to Italy in 2022. According to the New York Times, which first reported news of the second cup’s return, fragments of each vessel were temporarily owned by individuals connected to the stolen artifacts. The museum had been collecting pieces of the artifact since the late 1970s.

October 15, 2024 20:33 UTC

The Ethiopian Customs Commission (ECC) has announced a record revenue collection of Birr 88.1 billion for the first quarter of the fiscal year, surpassing its initial target of Birr 87.2 billion. ECC Chief Commissioner Debele Kabeta, highlighted that the revenue exceeded last year’s first-quarter figures by over Birr 38 billion, reflecting a 77% growth. In addition to revenue collection, the ECC has intensified its crackdown on contraband and illegal trade. Debele revealed that goods worth billions of Birr were seized at ports, and the Commission’s enhanced monitoring efforts saved the country Birr 50.5 billion Birr by preventing smuggling activities. Formed to enhance trade facilitation and revenue generation, the ECC remains committed to enforcing customs laws, collecting duties, and combating illegal trade across Ethiopia.

October 15, 2024 20:27 UTC

The Pentagon on Tuesday granted honorable discharges to more than 800 veterans who were separated from the U.S. military because of their sexual orientation during the “Don’t Ask, Don’t Tell” policy, which was in effect from February 1994 to September 2011. After 2011, most of those who filed appeals were upgraded, but others might not have been aware this was an option. The Pentagon announced Tuesday that its review has led to an upgrade for more than 800 veterans, without them having to appeal. What this means is that of the nearly 13,500 individuals who were administratively separated under Don’t Ask, Don’t Tell policy, and served long enough to receive a merit-based characterization of service, 96% now have an honorable discharge,” Defense Secretary Lloyd Austin said in a statement. The vast majority of those separated under the policy now have honorable discharges, according to Austin.

October 15, 2024 18:52 UTC