Foreign Minister Hakan Fidan is traveling to Ethiopia to hold discussions with his counterpart Taye Atske Selassie and Prime Minister Abiy Ahmed on Saturday, amid ongoing tensions with Somalia over access to the Red Sea. The diplomatic sources said the issue of access to the Red Sea for economic reasons is high on Ethiopia's agenda. Fidan also met with his Ethiopian and Somali counterparts, when he hosted them in Ankara on July 1. Ankara also enjoys a close economic, diplomatic and military friendship with Somalia. In Somalia, Turkish nongovernmental organizations (NGOs) and companies are extensively active in education, energy and finance.

August 02, 2024 17:32 UTC

Ethiopia’s Tokyo bronze medalist Gudaf Tsegay has qualified for the final of 5000m at the Stade de France, keeping her Olympic gold pursuit on track. Gudaf, who is bidding for medals in both the 5000m and 1500m, finished fifth in 14:57.84. 56 and Ethiopian-born Netherlands’ Sifan Hassan finished second, while Italy’s Nadia Battocletti was third. Ethiopian Ejgayehu Taye qualified for the 5000m final, finishing 6th in the first heat with a time of 14:57.97. The final of the women’s 5000m is set for Monday, August 5.

August 02, 2024 17:13 UTC

Department of StateUnder Secretary of State for Civilian Security, Democracy, and Human Rights Uzra Zeya will travel to Nairobi, Kenya and Addis Ababa, Ethiopia from August 4-8, 2024, to engage on human rights, democratic governance, and humanitarian cooperation. In Kenya, Under Secretary Zeya will meet with senior government officials, civil society representatives, and U.S. exchange alumni to build on the 60-year-strong U.S.-Kenya partnership, including joint efforts to strengthen the rule of law, champion anti-corruption and advance government accountability. In addition to addressing shared solutions to regional and global challenges, she will underscore the importance of freedoms of peaceful assembly and expression, as well as U.S. support for democratic reforms and refugee inclusion. In Ethiopia, Under Secretary Zeya will engage leaders from the Ethiopian government, African Union, and civil society on the protection of human rights throughout Ethiopia, the importance of inclusive, transparent transitional justice, and advancing the protections of refugees, displaced persons, and humanitarian workers. Additionally, the Under Secretary will visit a refugee center providing child protection, education, and health care to underscore U.S. partnerships to support refugees and host communities, as the single largest donor of humanitarian assistance to Ethiopia.

August 02, 2024 17:02 UTC

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG. Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban. These clients are keen to invest in illiquid assets, such as private equity and infrastructure. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

August 02, 2024 16:26 UTC

"The war started and everything got really bad, but I chose to be strong and focus on my dreams. Eyeru Gebru's passion for cycling is seemingly endless, as is her appreciation for the life it has allowed her to live. Born in the north Ethiopian region of Tigray in the mid-1990s, she will be competing at the Paris Olympics as one of 37 athletes selected for the Refugee Olympic Team. I watched the winners and fell in love," Gebru told BBC World Service Sport. "Then I said: 'OK, I need to work hard and believe in my dreams.'"

August 02, 2024 15:51 UTC





For all other commodities, price is in (Birr/Quintals), 1 Quintal = 100Kg. To get more commodity trade information, you may call ECX on short number 929 or text to them on short number 934.

August 02, 2024 12:25 UTC

In Melbourne, the day begins with a culinary adventure, and for vegans, the options are as diverse as they are delicious. From invigorating lattes infused with wellness-boosting ingredients to artisan pizzas that redefine plant-based indulgence, the city offers a plethora of sips and bites worth waking up for. Join us as we explore the vibrant vegan scene of Melbourne, uncovering the hidden gems and must-try delicacies that await in every corner. RELATED: Where to Find Hong Kong’s Best Vegan Food, From Bubble Waffles to Meat-Free PorkShoku Iku1 The sips worth waking up forNo Melbourne morning is complete without an inventive latte. find it hereKevabs7 The first, all-vegan kebab shopAs Melbourne’s first all-vegan kebab shop, Kevabs aims to bring the Turkish staple to the masses without any soy, dairy, eggs, gluten, nuts, or sugar.

August 02, 2024 11:25 UTC

Economic policy reforms designed to liberalize Ethiopia's economic structures and foreign exchange system are expected to stimulate Foreign Direct Investment (FDI) inflows, according to Investment Commissioner. Speaking at the second Ethio-China Friendship Cooperation Forum, Commissioner Hanna Aryasellassie highlighted that Ethiopia's macroeconomic policy reforms are designed to attract FDI. Ethiopia, which has seen rapid growth in FDI, has opened up several sectors including energy and telecommunications. Accordingly, Commissioner Hanna invited Chinese firms to invest in Ethiopia utilizing the new macroeconomic policies and government incentives. Mentioning Ethiopia's significant achievements in attracting FDI, the Commissioner has reaffirmed her government's commitment to explore investment opportunities with Chinese government and companies.

August 02, 2024 11:16 UTC

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August 02, 2024 11:16 UTC

NAIROBI (Reuters) - Ethiopia will save $4.9 billion from its debt restructuring exercise, State Finance Minister Eyob Tekalign said on Friday. The East African country is putting its long-delayed debt overhaul back on track after securing a new International Monetary Fund financing programme. "It is captured fully in the OCC (Official Creditor Committee) working paper. But we will sign and finalise with each individual country over the course of the next few months," Eyob told Reuters. (Reporting by Dawit Endeshaw; Writing by George Obulutsa; editing by Duncan Miriri and Alex Richardson)

August 02, 2024 09:35 UTC

A local group teamed up with him to make murals ahead of the town's annual soul festival. Amanuel Sileshi / AFP On Saturday, a group of men play foosball, or table football, in Ethiopia's capital, Addis Ababa. Mustafa Yalcin / Getty Images And the taste of success is sweet as she bites into her Olympic gold medal. Issouf Sanogo / AFP In Ivory Coast a woodcutter chops logs at the Abobodoume beach on Tuesday. Mohamed Abd El Ghany / Reuters On the same day, a young girl cools off under a water fountain amid a heatwave in Egypt's Red Sea resort of Hurghada...Mohamed Abd El Ghany / Reuters While other children use bubbles to fend off the heat.

August 02, 2024 08:58 UTC

Pakistan and Ethiopia, on Thursday, agreed to strengthen bilateral relations and explore new collaborations in trade, finance, education, and economic reforms, acknowledging the mutual benefits of such initiatives. According to a press release from the finance ministry, Ambassador of Ethiopia to Pakistan, Jemal Beker Abdula, met with Minister for Finance and Revenue Senator Muhammad Aurangzeb on Thursday. The finance minister extended a warm welcome to Abdula and provided an overview of the economic reforms underway in Pakistan, aimed at achieving economic stability. The minister noted that international rating agencies have started acknowledging Pakistan’s economic stability, with recent Fitch reports confirming an improved economic outlook. The Ethiopian envoy proposed exploring educational cooperation, specifically promoting student exchange and scholarship programmes to provide Ethiopian students with opportunities to study in Pakistan.

August 02, 2024 07:11 UTC

India suffered a gloomy day in Paris after three of their top medal contenders were ousted from the Games. Swapnil Kusale won the bronze medal in the men’s 50m 3 positions final to add a third medal to India’s tally at the Paris 2024 Olympics on Thursday. Sen, 22, is only the third Indian men’s singles badminton player to make the quarter-final at the Olympics. The top-ranked Indian men’s doubles badminton duo lost to Malaysian pair Aaron Chia and Soh Wooi Yik in the quarter-finals. Reigning Asian Games champion Wu Yu beat Nikhat Zareen 5:0 in the women’s 50kg round of 16 boxing match.

August 02, 2024 05:24 UTC

Mr.Jemal Beker Abdula called on Chairman CDA Muhammad Ali Randhawa at CDA headquarters on Thursday. Chairman CDA briefed the ambassadors about number of ongoing initiative and projects for beautification as well as converting Islamabad into a modern and green city. In this connection, the basic concept of the green corridor project at Addis Ababa would be shared as a best practice. The Chairman CDA offered to designate a specific area at the foot hills of Margalla Hills where Ethiopian Embassy will carry out tree plantation . Chairman CDA Muhammad Ali Randhawa told that Green Corridor project of Ethiopia would be studied in detailed for replicating the same along with water channels and natural streams in Islamabad.

August 02, 2024 04:30 UTC

PM Abiy Ahmed Ali and Somaliland president Muse Bihi Abdi signed the MoU in Addis Abeba on 01 January 2024 (Photo: Screenshot)Addis Abeba – The Somaliland Ministry for Foreign Affairs and International Cooperation said it has taken “a significant step towards international recognition today.”Somaliland takes a significant step towards international recognition today. The Ministry of Foreign Affairs has established a Ministerial Level State recognition Taskforce to strategize and pursue recognition efforts. (1/2) #Somaliland #Diplomacy #Recognition pic.twitter.com/IyDLowNqOo — MFA Somaliland (@somalilandmfa) August 1, 2024The Ministry’s announcement further said Somaliland has “established a Ministerial Level State Recognition Taskforce to strategize and pursue recognition efforts, and that the decision “aligns with our government’s ongoing diplomatic initiatives, including the recent MoU with Ethiopia for sea access.”On 01 January 2024, Ethiopia and Somaliland signed a memorandum of understanding (MoU) granting Ethiopia access to the sea in return for international recognition for Somaliland. Ethiopian officials’ official push back against critics of the MoU were in response to statements of condemnation from Egypt and the Arab League countries, while it continued maintaining its position to see through the MoU. However, there has since been no update from the Ethiopian side on the status of the MoU, which has generated backlash from the government of neighboring Somalia and subsequent diplomatic rows.

August 02, 2024 02:10 UTC