Court lifts injunctions as BGI, Purpose Black end legal battle
Judges at the Federal High Court have ordered that a months-long legal battle between BGI Ethiopia and Purpose Black over a property deal is to end through mediation. “We’ve settled the dispute through court-annexed mediation,” reads a statement from BGI Ethiopia. Purpose Black is a relatively new business initiated by Fisseha Eshetu (PhD). - Advertisement -BGI Ethiopia says it has returned the amount to Purpose Black, effectively ending the court saga nearly a year after the deal was first reached. BGI will float a bid to find another buyer,” said Nega Miherete, legal and corporate affairs director at BGI Ethiopia.
Source:Ethiopian News
May 18, 2024 07:25 UTC
Engaging in constructive diplomacy
In the first place the state-created Ethiopian Human Rights Commission and other reputable human rights advocates have well documented the government’s involvement in atrocities, which it has occasionally admitted to and vowed to address. Ethiopia’s engagement with the United States, a global superpower, is crucial for a variety of reasons, spanning political, economic, security, and humanitarian concerns. Constructive ties between the two countries can promote sustainable development, address regional challenges, and advance shared interests in areas such as peace and security, human rights, and economic prosperity. If Ethiopia values the friendship of the U.S. it must avoid the kind of defensiveness it displayed by chiding the latter’s ambassador. After all a true ally is someone who gives one an honest opinion, not just tell it what it wants to hear.
Source:Ethiopian News
May 18, 2024 07:25 UTC
Flaws in international trade policy prompt export incentive scheme revisit
In a bid to avert the impacts of fluctuations in international trade, Ethiopia has introduced a newly amended export incentive policy, overhauling incentive scheme provisions for value addition in export commodities. The ‘Export Trade Duty Incentive Schemes Amendment Proclamation’ tabled to Parliament this week looks to replace legislation first ratified in 2012. The draft introduces a range of changes in the country’s export incentive landscape previously hoped to boost ailing export performance. Experts behind the draft also propose new rules regarding the import of defective raw materials. Under the 2012 proclamation, exporters were obliged to pay a five percent tax on imported raw materials that are found to be defective or damaged.
Source:Ethiopian News
May 18, 2024 07:00 UTC
Finance Ministry nods to construction of new National Museum
Heritage Authority to embark on designs next yearThe Ethiopian Heritage Authority is readying to embark on the construction of two large museum projects following the approval of a long-awaited multimillion birr budget by officials at the Ministry of Finance. The Ministry has allocated 50 million birr towards feasibility studies and designs for a new National Museum and a Human Origins Museum in Addis Ababa. “The current small national museum is inadequate,” said Abebaw. The National Museum will be dedicated to showcasing Ethiopian heritage, including achievements in athletics and the country’s artistic history. These include the Red Terror Martyrs Memorial Museum near Meskel Square and other sites located on the road from the heart of Addis Ababa to Entoto, such as the Science Museum, Unity Park, and others.
Source:Ethiopian News
May 18, 2024 06:50 UTC
Kenyan Runner Kwemoi Banned For Six Years For Blood Doping
Nairobi: Kenyan Olympian and former world U-20 10,000m champion Rodgers Kwemoi has been handed an extended six-year ban by the Athletics Integrity Unit (AIU) for blood doping. The 27-year-old runner was once tipped to be the future of long-distance track running in the East African nation following his breakthrough victory at the Bydgoszcz 2016 World U20 Championship in Poland. However, a three-judge panel sitting in London and chaired by David Sharpe convicted him of blood doping. He burst onto the international scene as a teenager at the 2016 U-20 Championship in Poland, where he struck 10,000m gold in 27:25.23. Kwemoi last ran in Kenya colors at the Eugene 2022 World Championships in Oregon, finishing 15th.
Source:Ethiopian News
May 18, 2024 06:23 UTC
Ethiopian Airlines Group assumes management role for Ethiopia’s New Legacy Lodges
Ethiopian Airlines Group, Africa’s leading airline, announced that it had signed a memorandum of understanding with the Office ofthe Prime Minister for the management and operation of the ‘Dine for Ethiopia’ lodges under Ethiopian Skylight Hotel. The partnership aims to elevate the tourism experience in Ethiopia through utilizing Ethiopian Airlines Group’s extensive expertise in the hospitality industry, ensuring the provision of unparalleled services to visitors. - Advertisement -Commenting on the signing ceremony, Ethiopian Airlines Group CEO Mesfin Tasew said, “Tourism and air transport services are closely related industries. In addition to transporting passengers and cargo, Ethiopian Airlines has been working at a high level to promote tourism in our country. The Ethiopian community has grown up soldiers and officers in senior positions in the IDF and the country as a whole theirs.”(ynet news.com)
Source:Ethiopian News
May 18, 2024 06:06 UTC
Seminary graduates approximately 22
Ozone levels are expected to be in the Orange or unhealthy for sensitive groups range. People and businesses are urged to avoid activities which lead to ozone and fine particulate formation. These activities include... refueling vehicles or topping off when refueling, using gasoline powered lawn equipment and using charcoal lighter fluid. Positive activities include...car pooling, biking to work, delaying or combining errands and using water based paints. && For additional information, please visit the IDEM SMOG Watch web; site at https://apps.idem.in.gov/smogwatch/ or the EPA AIRNOW web; site at www.airnow.gov and click on Indiana.
Source:Ethiopian News
May 18, 2024 04:21 UTC
Ethiopian Para Runner Tesfaw Sets New Women's 1,500m T11 World Record On Cricketnmore
Para Athletics World Championships: Ethiopian para athlete Yayesh Gate Tesfaw triumphed in the Women's 1,500m T11 Final with a new world record at the Para Athletics World Championships here on Saturday. Ethiopian para runner Tesfaw sets new women's 1,500m T11 world record (Image Source: IANS)Para Athletics World Championships: Ethiopian para athlete Yayesh Gate Tesfaw triumphed in the Women's 1,500m T11 Final with a new world record at the Para Athletics World Championships here on Saturday. The visually impaired runner clocked 4 minutes 31.77 seconds at the Universiade Memorial Stadium in the central Japanese port city of Kobe, shaving nearly six seconds off the previous record, reported Xinhua. China's He Shanshan got the silver with a new Asian record of 4:34.12. Held in East Asia for the first time and a crucial qualifier for the Paris 2024 Paralympic Games, the Kobe 2024 Para Athletics World Championships attracted over 1,000 athletes from 100 countries and regions to compete in 168 events.
Source:Ethiopian News
May 18, 2024 03:44 UTC
Police say man shot his 2 nephews before turning gun on himself in Hollywood triple shooting
Police say man shot his 2 nephews before turning gun on himself in Hollywood triple shooting CBS News Miami's Larry Seward speaks with family and neighbors after disturbing new details emerged from Thursday's triple shooting in Hollywood.
Source:Ethiopian News
May 18, 2024 03:25 UTC
Ethiopian para runner Tesfaw sets new women's 1,500m T11 world record
He Shanshan (2nd L) and her guide You Junjie (1st L) of China compete during Women's 1500m T11 Final at the Para Athletics World Championships held in Kobe, Japan, on May 18, 2024. (Xinhua/Zhang Xiaoyu)KOBE, Japan, May 18 (Xinhua) -- Ethiopian para athlete Yayesh Gate Tesfaw triumphed in the Women's 1,500m T11 Final with a new world record at the Para Athletics World Championships here on Saturday. China's He Shanshan got the silver with a new Asian record of 4:34.12. Held in East Asia for the first time and a crucial qualifier for the Paris 2024 Paralympic Games, the Kobe 2024 Para Athletics World Championships attracted over 1,000 athletes from 100 countries and regions to compete in 168 events. ■He Shanshan (2nd R) and her guide You Junjie (1st L) of China compete during Women's 1500m T11 Final at the Para Athletics World Championships held in Kobe, Japan, on May 18, 2024.
Source:Ethiopian News
May 18, 2024 02:50 UTC
Bekele returns to Olympics after 12 years
Kipchoge got the better of his Ethiopian rival when the two met for the first time at the Paris world championships in August 2003. She will be joined in the women’s team by 2023 world marathon champion Amane Beriso and Megertu Alemu. The other members of the Ethiopian men’s team for the Olympics are Sisay Lemma, the Valencia marathon champion and Deresa Geleta. The 2023 New York marathon champion and 2022 world champion Tamirat Tola and Eusedin Mohammed are standby reserves. The Olympics men’s marathon will be held on August 10 with the women’s race a day later.
Source:Ethiopian News
May 18, 2024 02:32 UTC
Ethiopia: House Reviews Export Incentive Reform Bill
The House of Representatives reviewed a bill proposing changes to the export tax incentive system. While acknowledging the reform's potential benefits, council members raised concerns about the significant tax penalty reduction from 50% to 10%. They urged a thorough investigation by the standing committee to understand the rationale behind this change. The committee was also tasked with exploring alternative incentive options. This follows a detailed study on the current system's effectiveness, highlighting the need for adjustments.
Source:Ethiopian News
May 18, 2024 00:32 UTC
IMF to release $150 million to Tanzania – New Business Ethiopia
A team of the International Monetary Fund (IMF), which concluded its visit to Tanzania said it has concluded it review and plans to release $150 million to the East African country. “…the review will make available SDR113.3 million (about US$150 million), bringing the total IMF financial support under the arrangement to SDR455.5 million (about US$604.2 million). “The Tanzanian economy grew 5.1 percent in 2023 despite headwinds from power outages and strained foreign exchange liquidity that dampened manufacturing and trade activities. However, external financial conditions are expected to remain tight and pressures in the foreign exchange market are likely to persist. Maintaining a moderately tight monetary policy stance will complement efforts to ease pressures in the FX market, while preserving price stability,” he said.
Source:News Business Ethiopia
May 17, 2024 21:17 UTC
Ethiopia,Pakistan agree to collaborate in education sector
ISLAMABAD - Ethiopia and Pakistan on Thursday agreed to collaborate in diverse sectors of education including science and technology, agriculture, health and Information and Communication Technology. The meeting discussed the modalities to advance mutual cooperation in the education sector to exchange knowledge, skills and expertise. “Collaboration in the education sector can be instrumental for establishing long-lasting and sustainable relations between the two countries,” he said while recalling the eagerness of the Ethiopian medical experts. He assured the ambassador of all-out support for strengthening cooperation and collaboration in the education sector between Ethiopia and Pakistan. “Let us help each other in the education sector to build strong nations together for global prosperity,” he remarked.
Source:Ethiopian News
May 17, 2024 21:07 UTC
IFAD, Senegal launch Africa integrated climate risk management program – New Business Ethiopia
The Government of Senegal, in partnership with several international organizations including the International Fund for Agricultural Development (IFAD), officially launched the Africa Integrated Climate Risk Management Program (AIRCM) today. Other partners in the initiative include the Green Climate Fund, the African Development Bank (AfDB) and the African Risk Capacity (ARC) Group, the World Food Program (WFP). In Senegal, the program aims to increase the resilience and improve the livelihoods and food and water security of 169,200 households in nine regions of Senegal. For Matteo Marchisio, IFAD’s Country Director in Senegal, the support once again demonstrates IFAD’s commitment to supporting the development of Senegal’s agricultural sector. The program’s implementing agencies are the AGRI-JEUNES Project Coordination Unit, WFP, ARC, and the AfDB through its Africa Disaster Risks Financing Program.
Source:News Business Ethiopia
May 17, 2024 20:29 UTC