Regional CAF Club Licensing discussions in full swing in Addis Ababa, Ethiopia
Ethiopia's capital, Addis Ababa, has become the next stop for the ongoing Regional CAF Club Licencing Workshops, which are geared at equipping all of CAF’s 54 Member Associations with the essential tools and knowledge to best implement CAF Club Licencing regulations. · Review of the status of the implementation of CAF Club Licensing System in the Member Associations' national competitions. · Train Club Licensing Managers (CLM) in using the CLOP, specifically the stadium module. Club licensing is not merely a bureaucratic process; it is the cornerstone upon which the future of African football stands. CAF Club Licensing Workshop – Ethiopia (Addis Ababa)Participating Member Associations:Ethiopia (Host), Somalia, Seychelles, Zambia, Malawi, Namibia, Mauritius, Zimbabwe, South Sudan, Sudan, Tanzania, Libya, Uganda, Rwanda, Zanzibar (guest), Gambia, Kenya
Source:Ethiopian News
May 10, 2024 13:02 UTC
Ethiopia: Toppan Gravity Breaks Ground on USD 55 Million Secure Printing Facility
A groundbreaking ceremony on May 8th, 2024, marked the official start of construction for Toppan Gravity's USD 55 million manufacturing facility in Bole Lemi Industrial Park. The Japanese security solutions leader will leverage its expertise in high-security documents such as passports and ID cards to address Ethiopia's growing demand in this area. This joint project between Japanese and Ethiopian partners will be built in three phases and is expected to create jobs and alleviate the recent passport shortage. The new facility will boast advanced secure document printing capabilities, contributing to Ethiopia's digital transformation goals. Toppan Gravity's investment signifies their commitment to supporting Ethiopia's economic growth and strengthening its high-security document production capabilities.
Source:Ethiopian News
May 10, 2024 12:42 UTC
Africa Finance Corporation to help Angola construct critical bridges – New Business Ethiopia
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, is leading commercial funding for a €381.5 million package to finance engineering, procurement and construction of 186 bridges and crucially needed enhancements to Angola’s road network. AFC, acting as mandated lead arranger for the commercial tranche, has committed to invest €85 million, combining with export credit agency financing from the Export-Import Bank of the U.S. and the U.S. The signing took place at this week’s US-Africa Business Summit in Dallas, Texas, organized by the Corporate Council on Africa. AFC’s investment in the new roads project showcases the Lobito Corridor consortium partnering beyond rail to support rural transport connectivity that will serve to link communities and the larger regional corridor. The Republic of Angola has been a shareholder and member state of AFC since 2022.
Source:News Business Ethiopia
May 10, 2024 12:38 UTC
Dive into the rhythm: A playlist for Caribbean Fusion Jazz
Get ready to immerse yourself in the pulsating rhythms and infectious melodies of Caribbean Fusion at the Saint Lucia Jazz and Arts Festival. Let's take a closer look at some of the tracks that make up the perfect playlist for a Caribbean Fusion experience. Machel Montano - "Mr. Fete"Kick-start your playlist with the energetic sounds of Machel Montano, the Soca King himself. Machel Montano - "Like Ah Boss"Another hit from Machel Montano, "Like Ah Boss" is a feel-good track that captures the essence of soca music.
Source:Ethiopian News
May 10, 2024 12:32 UTC
Ethiopia: Financial Sector’s Loan Portfolio Reaches Birr 2.3 Trillion
Governor Mamo Mehretu of the National Bank of Ethiopia (NBE) addressed the ongoing financial sector reforms at the 7th Annual East African Finance Conference in Addis Ababa. He revealed a significant rise in the loan portfolio of Ethiopian financial institutions, now standing at Birr 2.3 trillion. Projecting continued growth, the Governor anticipates an increase in financial institutions to 121 by 2024, with total assets and deposits reaching Birr 3.4 trillion and 2.4 trillion, respectively. Mamo sees foreign investment as a catalyst for innovation and competition, with policy changes designed to attract foreign capital and best practices. These initiatives, according to the Governor, create a dynamic environment where companies can access diverse financing options and strengthen savings.
Source:Ethiopian News
May 10, 2024 12:24 UTC
Ethiopia: Joint Submission to the Universal Periodic Review
[5] Kenneth Roth (Human Rights Watch), “Confronting Ethiopia’s Abusive Siege” commentary, Foreign Policy, August 31, 2022, https://www.hrw.org/news/2022/08/31/confronting-ethiopias-abusive-siege. [13] Human Rights Watch, World Report 2024, (New York: Human Rights Watch, 2024), Ethiopia chapter, https://www.hrw.org/world-report/2024/country-chapters/ethiopia. [20] Human Rights Watch and Amnesty International, “We Will Erase You From This Land.”[22] “Ethiopia: Tigray Forces Summarily Execute Civilians,” Human Rights Watch news release, December 9, 2021, https://www.hrw.org/news/2021/12/10/ethiopia-tigray-forces-summarily-execute-civilians. [62] “Ethiopia’s Deepening Crackdown on Dissent,” Human Rights Watch news release, March 4, 2024, https://www.hrw.org/news/2024/03/04/ethiopias-deepening-crackdown-dissent[64] Human Rights Watch, World Report 2024, Ethiopia chapter, https://www.hrw.org/world-report/2024/country-chapters/ethiopia. [75] “Q&A: Justice for Serious International Crimes Committed in Ethiopia,” Human Rights Watch news release, September 4, 2023, https://www.hrw.org/news/2023/09/04/qa-justice-serious-international-crimes-committed-ethiopia.
Source:Ethiopian News
May 10, 2024 12:10 UTC
First readings of Ethiopian plane's black boxes may take days: BEA
The black boxes from the crashed Ethiopian Airlines Boeing 737 MAX 8 arrived in France on Thursday. REUTERS/Philippe WojazerPARIS (Reuters) - It may take several days to complete the first readings of the black boxes recovered from the Ethiopian Airlines jet that crashed after take-off, a spokesman for the French air accident investigation agency conducting the analysis said on Thursday. The BEA spokesman said he did not know what condition the black boxes were in. Much will depend on how damaged the black boxes are. The Boeing 737 MAX 8 careered into the ground shortly after taking off from Addis Ababa, breaking up into small fragments and carving a deep crater.
Source:Ethiopian News
May 10, 2024 11:47 UTC
44 workers still missing days after South Africa building collapse
As hope dwindles, authorities in South Africa race against time to rescue 44 construction workers trapped under the rubble of a collapsed building. READ ALSO: South Africa launches investigations into building collapseit was still a rescue rather than a recovery operation, but no survivors have been located or brought out since Wednesday. It also revised the number of missing from 38 to 44 after determining that there were more construction workers at the site than previously thought. New information provided by the construction company showed there were 81 workers when the building came crashing down, not 75 as authorities had initially announced, it said. READ ALSO: South Africa: Rescue operations continue to save dozens trapped in building collapseMore than 600 personnel are involved in the rescue operation, with many brought in from nearby towns and cities.
Source:Ethiopian News
May 10, 2024 11:21 UTC
Haiti: Voodoo attracting more believers as gang violence surge
They sing, with their voices rising above the gunfire erupting miles away as the frantic drumbeats drown out their troubles. They offered him money and prayers in hopes they would make it through Haiti's deepening crisis. It has a single God known as “Bondye,” Creole for “Good God,” and more than a thousand spirits known as “lwas,” some which aren’t always benevolent. In recent years Vodou has been attracting more believers given the surge in gang violence and government inaction, said Cecil Elien Isac, a 4th-generation oungan. It's unknown how many people currently practice Vodou in Haiti, but there's a popular saying: "Haiti is 70% Catholic, 30% Protestant, and 100% Vodou."
Source:Ethiopian News
May 10, 2024 11:03 UTC
Students letter in community service
Olmsted County United Way celebrated awarded twenty two students for community service work on Thursday night. (ABC 6 News) — United Way of Olmsted County awarded 22 students for community service work on Thursday night. The students received the award for volunteering for 100 hours or more, and one John Marshall high school freshman said she achieved one of her goals by lettering in community service. “It’s a sense of gratitude that I’m able to help people but I’m also helping myself,” Arsiema Feliche, letter recipient and John Marshall high school freshman, said. While 21 other students from around the county were also awarded, Feliche was the only John Marshall student being celebrated.
Source:Ethiopian News
May 10, 2024 10:59 UTC
Ethiopian Coffee and Tea Authority (ECTA) reports record revenue from coffee exports
Exports are projected to reach US$1.75 billion by the end of the current fiscal yearIn a recent statement, the Ethiopian Coffee and Tea Authority (ECTA) said that coffee exports generated a revenue of US$835.2 million for the country in the first nine months of the current fiscal year, which began on 8 July 2023. Key international markets for Ethiopian coffee products include Saudi Arabia, South Korea, the United States, Germany, Japan, and China. This success highlights the significant growth of Ethiopia's coffee industry, which is attributed to comprehensive reforms in the sector. Notably, in the previous fiscal year, Ethiopia earned more than US$1.3 billion from coffee exports and this amount is projected to reach US$1.75 billion by the end of the current fiscal year. Countries such as the United Arab Emirates, Sudan and China, previously absent from the list, are now actively participating in Ethiopian coffee trade.
Source:Ethiopian News
May 10, 2024 10:08 UTC
Safaricom Projected Earnings Weighed Down By Ethiopian Loss
Of particular note is Safaricom's resurgence into profitability following three consecutive years of losses, with earnings surpassing the billion-dollar threshold. We expect that from 2025, Ethiopia will start being a significant growth contributor at group level for both top and bottom line," said Safaricom in a statement. Anticipating a major shift, the company foresees Ethiopia emerging as a significant growth driver from 2025, contributing substantially to both the top and bottom lines. M-Pesa, Safaricom's flagship mobile money service, emerged as the primary revenue generator, surpassing the 40 percent milestone in service revenue contribution. Earnings surged to Sh139.9 billion, constituting 42 percent of Safaricom's total service revenue, a notable increase from 19.36 percent in the preceding year.
Source:Ethiopian News
May 10, 2024 09:40 UTC
East Africa: Safaricom Projected Earnings Weighed Down By Ethiopian Loss
Safaricom, Kenya's leading telecommunications company, reported a slight uptick in profits, albeit dampened by the underperformance of its Ethiopian arm. We expect that from 2025, Ethiopia will start being a significant growth contributor at group level for both top and bottom line," said Safaricom in a statement. Anticipating a major shift, the company foresees Ethiopia emerging as a significant growth driver from 2025, contributing substantially to both the top and bottom lines. M-Pesa, Safaricom's flagship mobile money service, emerged as the primary revenue generator, surpassing the 40 percent milestone in service revenue contribution. Earnings surged to Sh139.9 billion, constituting 42 percent of Safaricom's total service revenue, a notable increase from 19.36 percent in the preceding year.
Source:Ethiopian News
May 10, 2024 08:13 UTC
European Orphan Hand brings smiles to Ethiopian children with stationery donation
European Orphan Hand, a charitable organization dedicated to supporting children in need, has brought smiles to the faces of young students in Ethiopia by providing much-needed stationery aid to a local school. Dr. Gülşen Dikmen and Dr. Cavid Allahverdiyev from Azerbaijan, representing the European Orphan Hand, distributed the stationery aid to the children, aiming to support their education and alleviate the challenges they face. This donation comes at a critical time when education in Ethiopia has become increasingly difficult for many children. European Orphan Hand strives to bridge this gap by supporting students in need. Nizamettin Aygan, a volunteer with European Orphan Hand, emphasized the organization's ongoing commitment to supporting education in Ethiopia.
Source:Ethiopian News
May 10, 2024 07:15 UTC