Dream VC launches multi-country roadshow to encourage investment in Africa – New Business Ethiopia
“This year, Dream VC aims to match the past 100% revenue growth year on year, with a strong demand for venture capital training and Dream VC’s various B2B capacity-building offerings. Dream VC’s ambitious targets involve maintaining the high post-program employability rate and successfully scaling up both the institute and advisory to break into new markets. “Many international institutions don’t understand the nature of investing in African funds let alone African markets directly. Over the past few years Dream Venture Capital has been delivering comprehensive training for both investors and founders alike. Those interested to be part of one or some of the global road-shows organized by Dream VC can express their interest using this link.
Source:News Business Ethiopia
February 17, 2024 00:36 UTC
AFC unveils partnerships to boost Africa’s mining sector – New Business Ethiopia
Africa Finance Corporation (AFC), the continent’s leading instrumental infrastructure solutions provider, has announced several strategic partnerships on the sidelines of the recently concluded 2024 Mining Indaba conference in Cape Town to boost Africa’s mining sector. Since 2014, AFC has invested over US$1billion in Africa’s mining of precious metals and critical minerals across several countries, and the latest partnerships will further strengthen the sector by driving significant capital flow into the continent. GécaminesAFC signed an expression of interest (EOI) with Gécamines, the largest mining company in the Democratic Republic of Congo, to develop certain assets in the mining sector in DRC, including critical minerals. The launching of the syndication process follows the successful completion of the project development stage, which AFC co-financed with a US$3 million Project Development Facility. Wood Mackenzie’s study focused on the viability of processing a number of critical minerals including lithium, cobalt, and manganese.
Source:News Business Ethiopia
February 16, 2024 20:13 UTC
Bob Geldof Says He's Not "White Saviour" For Organizing Live Aid
Livermore, CA (94550)TodayCloudy with periods of rain. Winds SE at 10 to 15 mph. Rainfall around a quarter of an inch..TonightRain showers early with mostly cloudy conditions late. Winds SSE at 5 to 10 mph. Chance of rain 60%.
Source:Ethiopian News
February 16, 2024 16:08 UTC
Ethiopian Prime Minister and Brazilian President discuss bilateral relations
Ethiopian Prime Minister Abiy Ahmed held talks with Brazilian President Luiz Inacio Lula da Silva on bilateral agenda. "Today, I have the honour to officially welcome Brazilian President Luiz Inacio Lula da Silva during his state visit to Ethiopia. During our talks, we addressed several issues related to the development of bilateral relations," Ahmed wrote on social media. The Ethiopian Prime Minister added that this meeting can be considered an important step towards building a strong partnership". Photo:Prensa Latina
Source:Ethiopian News
February 16, 2024 15:42 UTC
Ethiopia Inks $28 Million Deal to Develop Circular Textile Industry
The partnership between the country and the United Nations Industrial Development Organization (UNIDO) will bring $28 million into Ethiopia’s textile and apparel sector to fuel growth focused on promoting circularity. Currently, more than 230 large and medium-scale textile production factories operate in the country, along with 11,800 small-scale enterprises, according to UNIDO. According to UNIDO, Ethiopia’s leather industry benefits from having one of the world’s largest livestock populations with 52 million cattle—ranking the country first in Africa and sixth in the world in cattle. The PCP also has plans to set up three additional footwear and leather goods clusters, while also strengthening fashion design and training capabilities of the country’s Leather Industry Development Institute. This new influx of cash will help fund many of those projects, as well as other initiatives to bolster textile and leather production in Ethiopia.
Source:Ethiopian News
February 16, 2024 15:38 UTC
Ethiopian Prime Minister received the President of Brazil (+Photos)
“Today, I have the honor to officially welcome the President of Brazil, Luiz Inácio Lula da Silva, on his state visit to Ethiopia. During our talks, we have addressed various bilateral and multilateral issues, reflecting the depth of our relationship,” Ahmed wrote on his X account. During the 15th BRICS Summit, held last August in Johannesburg, South African President Cyril Ramaphosa announced the acceptance of these memberships. Earlier, Lula visited the Adwa Victory Memorial Museum in Addis Ababa, accompanied by the Minister of Finance Ahmed Shide and the mayor of the Ethiopian capital, Adanech Abiebie, the administration of this city revealed. The South American leader arrived last night from Egypt for an official state visit and was received at Bole International Airport by the Ethiopian Foreign Minister, Taye Aske-Selassie.
Source:Ethiopian News
February 16, 2024 14:46 UTC
Ethiopia to set up large data centre amid reported bitcoin mining surge
NAIROBI (Reuters) - Ethiopia has signed a preliminary agreement to develop infrastructure for data mining and artificial intelligence training operations, the government's strategic investment arm said. The EIH, West Data Group and an official from the Information Network Security Administration, which oversees data mining in Ethiopia, did not respond to requests for comment about the deal. Bloomberg reported last week that Ethiopia has become a leading destination for bitcoin mining - which an Ethiopian official referred to in a statement to the news agency as "data mining" and "high-performance computing" - since the government authorised the practice in 2022. China banned crypto trading and mining in 2021 to control financial risks and reduce energy consumption. It is also finalising construction of the Grand Ethiopia Renaissance Dam (GERD), which has a projected installed capacity of 5,150 MW.
Source:Ethiopian News
February 16, 2024 12:52 UTC
Cellars in the Sky 2023: Best airline wines revealed
The winners of Business Traveller’s Cellars in the Sky Awards 2023 have been announced, supported by Chateau d’Esclans. This year saw Qantas win Gold medals in a total of nine categories, for Best Business Class White, Best Business Class Red, Best Business Class Cellar, Best First Class Sparkling, Best First Class White, Best First Class Red, Best First Class Fortified / Dessert Wine, Best First Class Cellar and Best Overall Cellar. Meanwhile Singapore Airlines took Gold medals for Best Business Class Sparkling and Best-presented First Class Wine List, and oneworld won Gold in the Best Alliance category. Now in its 38th year, Cellars in the Sky has been running since 1985, and celebrates the best business and first class wines served by airlines on their flights. They can compete in as many categories as they like but to be eligible for the Best Overall Cellar award, they must enter at least one red, white and sparkling.
Source:Ethiopian News
February 16, 2024 12:49 UTC
Teen says he’s ‘doing great’ after undergoing experimental sickle cell treatment – Deltaplex News
Lubin was born with sickle cell disease, a genetic illness that causes abnormal ‘C’-shaped red blood cells that clog blood flow, causing severe pain episodes and organ damage. The CRISPR-based gene therapy Lubin received is made by Vertex Pharmaceuticals, and developed in partnership with CRISPR Therapeutics. Sickle cell disease is a genetic condition that affects approximately 100,000 Americans – primarily Black Americans with African ancestry, according to the Centers for Disease Control and Prevention. Given the high cost of treating repeat pain crisis over the lifetime of a person with sickle cell disease, some insurance providers have opted to cover the new treatments. And the Biden Administration has created a new access model for Medicaid patients, designed to lower the medication cost and improve access to gene therapy.
Source:Ethiopian News
February 16, 2024 12:09 UTC
Awash Ethiopian Restaurant, healthy food full of traditional flavors
Taste Of The Town: Awash Ethiopian Restaurant in Miami GardensTaste Of The Town: Awash Ethiopian Restaurant in Miami GardensTaste Of The Town: Awash Ethiopian Restaurant in Miami GardensMIAMI - Awash Ethiopian Restaurant encompasses a traditional Ethiopian 'Gojo bait', known as a country-style home environment. Inside, it's a welcoming atmosphere featuring a shop with rare Ethiopian spices, coffee, and tea alongside a decorative bar featuring imported Ethiopian beer and wine, Ethiopian art, traditional music, and a coffee ceremony on Fridays, Saturdays, and Sundays. The name Awash comes from a river found in Ethiopia. The river is significant to the country because it travels throughout Ethiopia, never leaving its borders and remaining a source to the Ethiopian people. Awash Ethiopian Restaurant is located at 19934 NW 2nd Avenue in Miami Gardens.
Source:Ethiopian News
February 16, 2024 11:58 UTC
Ethiopia Embarks on a $250M Data and AI Venture with Hong Kong Firm
The Ethiopian government, through its investment arm, Ethiopian Investment Holdings, has signed a Memorandum of Understanding with Data Center Service, a subsidiary branch of the Hong Kong-based West Data Group. This partnership, valued at $250 million, aims to pioneer sophisticated data mining and artificial intelligence (AI) training facilities within Ethiopia. Wu Blockchain @WuBlockchain State-owned Ethiopian Investment Holdings has signed a Memorandum of Understanding with Data Center Service, a subsidiary of Hong Kong’s West Data Group. West Data Group, known for its blockchain-fueled fintech solutions and data centers globally, brings to the table its expertise in Bitcoin mining, digital currency investment, and trading. Established in 2017 with its first data center in Kentucky, the company has expanded its footprint to Texas, Kazakhstan, Angola, and Kenya, signaling a robust commitment to digital currency endeavors.
Source:Ethiopian News
February 16, 2024 10:33 UTC
Elias Sime Weaves Connections Between Ancient Ethiopian Craft Traditions and Today's Technology — Colossal
Thousands of microchips, terminals, nails, letter keys, and lengths of wire transform into spectacular, monumental sculptures by acclaimed Ethiopian artist Elias Sime. In his exhibition Eregata እርጋታ at Arnolfini in Bristol, he highlights assemblages made from everyday materials, especially discarded technological detritus like computer keys, circuit boards, wires, and other electronic objects. The title, Eregata እርጋታ, is derived from the artist’s language, Amharic, the meaning of which Sime translates as tranquility, calmness, or serenity. Though his undulating, patterned pieces may on one hand appear meditational, he plumbs the tension between our reliance on technology and our sense of well-being or ability to be present. Eregata እርጋታ continues through February 18.
Source:Ethiopian News
February 16, 2024 09:41 UTC
News: Inquiry Board says it will investigate extrajudicial killings of civilians in Amhara region
News: Inquiry Board says it will investigate extrajudicial killings of civilians in Amhara regionNejat Girma, deputy chairperson of the State of Emergency Inquiry Board (Photo: Walta)Addis Abeba – The State of Emergency Implementation Inquiry Board has announced that it will investigate the reported extrajudicial killing of civilians by government security forces in Merawi, a town in the East Gojam Zone of Ethiopia’s Amhara region. Nejat Girma, Deputy Chairperson of the Inquiry Board, told the BBC that following a preliminary report released by the Ethiopian Human Rights Commission (EHRC) earlier this week confirming at least 45 civilians were recently killed, the Board has decided to launch an independent investigation. The preliminary report said that civilians were subject to “extrajudicial executions” by security forces. However, several reports of the killings drew sharp criticisms both locally and from international human rights groups. The EU expressed serious concern and called for an independent investigation, while the US government demanded “unfettered access” for human rights monitors and accountability for perpetrators.
Source:Ethiopian News
February 16, 2024 09:09 UTC
Ethiopian Wheat Farmers: A Story of Resilience and Innovation for Food Security
In the heart of Ethiopia, a quiet revolution unfolds on the golden wheat fields, telling a story of resilience, innovation, and the relentless pursuit of food and nutrition security. In Ethiopia, a study encompassing wheat farmers paints a promising picture: 70.85% of households are reaching the threshold of food security. Furthermore, the distribution of fruit trees under the Presidential Horticulture Recovery Plan illustrates a holistic approach to agriculture, intertwining crop diversity with food security. In the face of adversity, Ethiopian wheat farmers and the broader agricultural community demonstrate unwavering determination and adaptability. The story of Ethiopian wheat farmers is a testament to the power of resilience, innovation, and collective action in overcoming the hurdles to food and nutrition security.
Source:Ethiopian News
February 16, 2024 01:03 UTC
Ethiopia Bulletin, January - December 2023
press releaseIn Ethiopia, the humanitarian needs in areas affected by armed conflict and violence remained sadly enormous in 2023. During 2023, we sustained our efforts to deliver humanitarian assistance and protection to affected people in Tigray region after the end of the two-year conflict in November 2022. In Amhara region, we provided emergency medical and other aid to people who were affected by the conflict that started in August 2023. 2,563missing people were found and reconnected with their families3,978,040Individuals benefitted from ICRC support to water supply145,992Persons provided with multi-purpose cash assistance. 1,576Army and Police Officers trained on basics of IHL and IHRLEthiopia Bulletin, January - December 2023
Source:Ethiopian News
February 15, 2024 21:00 UTC