Ethiopian journalist proud to find coffee beans from his country at Shanghai Starbucks Roastery Reserve
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Source:Ethiopian News
November 04, 2024 14:13 UTC
OPEC extends oil output cuts by one month until the end of December
Saudi Arabia and allied oil producing countries on Sunday said they would postpone a plan to gradually increase oil output until the end of the year. The eight members of OPEC+ were due to begin gradually increasing their output from the end of this month, but say they will now begin unwinding the 2.2 million barrels a day cut from January. The planned gradual increase had already been delayed from October because of falling prices and weak global demand. Analysts say market participants are also waiting to see what Iran’s response may be to recent Israeli attacks. Oil prices rose by 3 per cent on the news in early trading on Monday.
Source:Ethiopian News
November 04, 2024 13:40 UTC
How to Bet on Football in Ethiopia: Tips for Beginners
Football betting in Ethiopia has increased multifold and has been a source of fascination for many people, making good use of favorite sports more entertaining. Making Sense of Football BettingBefore getting into football betting, the basics must be understood. Looking into the Different Types of Football BetsThere are several types of football bets, all giving different levels of risk versus reward. Tips for Using Betting Bonuses WiselyRead the Terms and Conditions: Ensure you understand the wagering requirements and other conditions before claiming a bonus. Choosing the Right Betting Site in EthiopiaChoosing the right betting site may take a lot of work, especially with the many options at one’s fingertips.
Source:Ethiopian News
October 22, 2024 15:01 UTC
South Africa Air Transport and Aviation Ground-Handling Services Industry Report 2024, with 40+ Company Profiles Including Cathay Pacific, Ethiopian Airlines, Emirates, Cemair, Safair and Bidair Cargo
DUBLIN--(BUSINESS WIRE)--The "Air Transport and Aviation Ground-Handling Services in South Africa 2024" report has been added to ResearchAndMarkets.com's offering. Single African Air Transport Market initiative. The Single African Air Transport Market (SAATM) initiative. OutlookThe aviation industry is set to return to pre-pandemic levels in 2024, although the growth of commercial and general aviation in South Africa has slowed down significantly. INDUSTRY ASSOCIATIONSCOMPANY PROFILES - AIR TRANSPORTACS Air Charter (Pty) LtdAir France-KLM SAAir-Tec Aviation Maintenance (Pty) LtdAirlink (Pty) LtdBidair Cargo (Pty) LtdBritish Airways PLCC and G Air CCCapital Air (Pty) LtdCathay Pacific Airways LtdCem Air (Pty) LtdDellaria Leasing (Pty) LtdDeutsche Lufthansa AGEmirates Group (The)Ethiopian Airlines GroupEtihad Airways PSJCExecuJet Aviation (Pty) LtdFair Aviation (Pty) LtdFederal Airlines (Pty) LtdGlobal Aviation Operations (Pty) LtdNational Airways Corporation (Pty) LtdOwenair (Pty) LtdQantas Airways LtdQatar Airways Group Q.C.S.C.
Source:Ethiopian News
October 22, 2024 13:28 UTC
Wall Street Bitcoin Miner Expands to Ethiopia to Combat 170% Surge in Production Costs
In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability.
Source:Ethiopian News
October 22, 2024 11:42 UTC
Ethiopia Excludes Diaspora and Foreign Investors from Landmark IPO
ShareEthiopia has excluded diaspora citizens and foreign nationals from participating in its first-ever public offering (IPO) of Ethio Telecom, the state-owned telecom company that holds 95% of the market share. However, the exclusion of diaspora and foreign investors from the IPO could potentially hinder Ethiopia’s efforts to develop open capital markets, a key element of Prime Minister Abiy Ahmed’s plan to liberalize the financial sector and modernize the economy. It is not available to individuals or entities in other jurisdictions outside Ethiopia,” Ethio Telecom detailed in its investor prospectus. A capital markets expert shared with TechCabal that Ethiopia might restrict the participation of foreign investors in the telecom sector, which the country still views as critical and strategic, despite opening up for foreign capital. This development was intended to liberalize the telecom sector and enhance service access in remote areas.
Source:Ethiopian News
October 22, 2024 11:15 UTC
BitFuFu acquires major stake in Ethiopian Bitcoin mine By Investing.com
This newly acquired site is expected to bolster BitFuFu's mining capacity by an additional 4.6 EH/s with the deployment of advanced Bitmain S21-series miners. Leo Lu, CEO and Chairman of BitFuFu, expressed that the acquisition is a critical milestone for the company's growth strategy. In light of this development, BitFuFu has appointed Mr. Huaiyu Liu and Mr. Joshua Kewei Cui as independent directors. InvestingPro InsightsBitFuFu's recent acquisition of the Ethiopian mining facility aligns with its robust growth trajectory, as evidenced by the company's impressive revenue growth. According to InvestingPro data, BitFuFu's revenue grew by 69.05% over the last twelve months as of Q2 2024, with quarterly revenue growth reaching 69.69% in Q2 2024.
Source:Ethiopian News
October 22, 2024 11:14 UTC
Ethio Telecom Set to Launch Intended ESX Listing with Upcoming Share Offer
Ethio Telecom is preparing for an Intended ESX Listing, anticipated to be completed within twelve months following an upcoming share offer. The share offer includes 100 million ordinary shares priced at ETB 300 each, representing 10% of Ethio Telecom’s paid-up capital. This offer is exclusive to Ethiopian citizens present in the country, with a minimum application of 33 shares (ETB 9,900) and a maximum of 3,333 shares (ETB 999,900). Ethio Telecom is committed to enhancing its governance and internal processes for the ESX and ECMA, marking a significant move to strengthen its market presence. However, the company cautions that the success of the Intended ESX Listing within the desired timeline is not guaranteed and will explore alternatives if needed.
Source:Ethiopian News
October 22, 2024 10:57 UTC
Intense Fighting Continues to Rattle Amhara Cities, Towns
Addis Abeba — An intense weekend of conflict has shaken the tranquil surrounds of Debark town, nestled in the North Gondar Zone of the Amhara region. Eyewitnesses recounting the harrowing events to Addis Standard claimed that the skirmishes ignited on Saturday, 19 October, 2024, and raged on relentlessly until the late hours of Sunday, 20 October, 2024. In an interview with Addis Standard, a resident of Debark highlighted that conflicts in this area are not a novel occurrence. Another local, who wished to remain anonymous, informed Addis Standard about recurring confrontations between government security forces and Fano militants in the vicinity of Debark town. Further evidence of the escalating conflict in the region is the intense armed clashes that took place in Minjar Shenkora district, North Shewa Zone, on 07 October, 2024.
Source:Ethiopian News
October 22, 2024 08:02 UTC
Putin hosts a summit to show the West it can’t keep Russia off the global stage
The alliance, which aims to counterbalance the Western-led world order, initially included Brazil, Russia, India, China and South Africa but is expanding rapidly. Putin will hold around 20 bilateral meetings, Ushakov said, and the summit could turn into “the largest foreign policy event ever held” on Russian soil. On the sidelines of the summit, Putin also will meet Thursday with United Nations Secretary-General Antonio Guterres, Ushakov said. It will be the first visit to Russia in more than two years for Guterres, who has repeatedly criticized Russia’s war in Ukraine. For China, BRICS is among several international organizations -– along with the security-focused Shanghai Cooperation Organization -– through which it seeks to promote an alternative to the U.S.-led world order.
Source:Ethiopian News
October 22, 2024 07:56 UTC
Nigeria Air: Ethiopian Airlines Consortium writes Tinubu after Keyamo’s comments
The Ethiopian Airlines Consortium has written to President Bola Tinubu over the ongoing dispute involving Aviation Minister, Festus Keyamo, and the controversial Nigeria Air project. However, the letter to the President maintained that the correct designation is “Establishment and Operations Agreement”, not “Master Agreement” as presented. It addressed Keyamo’s statements on staffing, tax measures, and operations, saying while it is common for investors to provide initial management staff, Nigerians had already been shortlisted for important positions. “Also, Nigeria has many pilots flying worldwide including Ethiopian Airlines; we never considered using wet leases or foreign pilots in Nigeria. We had even been allocated Nigerian registration numbers for the initial aircraft by the Nigerian Civil Aviation Authority.
Source:Ethiopian News
October 22, 2024 04:22 UTC
My work deciding which starving Ethiopian kids to save sparked Live Aid – 40 years on one of them paid ultimate tribute
IT is 40 years since Dame Claire Bertschinger was a nurse on the front line of the devastating famine in Ethiopia, deciding which starving children to save. Her frail image was beamed from the screen at Live Aid, her life appearing to slowly ebb away. Status Quo open Live Aid at Wembley Stadium with Rockin' All Over The World“I have been to see her and little Claire. It is very special.”Of the famous news broadcast that first highlighted the desperate situation in Ethiopia, Claire added: “I had no idea it had had the impact that it did. “It made me realise how wonderful Michael Buerk’s report had been and the fundraising Band Aid had done afterwards.
Source:Ethiopian News
October 22, 2024 02:44 UTC
Huawei Ethiopia Recognized as Platinum-Level Loyal Taxpayer for Third Consecutive Year
Among those honored, Huawei Ethiopia was recognized as a platinum-level taxpayer, an esteemed acknowledgment reflecting the company’s commitment to compliance and contribution to the national economy. Huawei’s CEO, Michael Liu, proudly accepted the award on behalf of the company, marking the third consecutive year Huawei has received this prestigious recognition. In his acceptance message, Huawei Ethiopia CEO Michael Liu expressed his gratitude, stating, “We are honored to be recognized as a platinum-level taxpayer once again. Together, we can build a brighter future and further strengthen our partnership with the Ethiopian people.”This year, among Chinese corporations with operations in Ethiopia, Huawei proudly emerged as the number one taxpayer, contributing the highest amount of taxes, significantly leading the pack. About HuaweiFounded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices.
Source:Ethiopian News
October 21, 2024 20:55 UTC
EU urged to get closer to the Sahel to counter extremism
A woman who saw her two sons killed by gunmen during an attack in Burkina Faso and was forced out of her country by extremist attacks. AFPA woman who saw her two sons killed by gunmen during an attack in Burkina Faso and was forced out of her country by extremist attacks.
Source:Ethiopian News
October 21, 2024 20:55 UTC
Djibouti, Ethiopia strengthen logistics collaboration to boost trade
At their meeting in Addis Ababa, the lobby organizations representing Djibouti and Ethiopia in logistics discussed how to best utilize their collaboration to boost trade between the two countries. For the majority of its foreign trade, Ethiopia, the most populous country without a maritime exit, depends on Djibouti. The majority of Ethiopian freight forwarders collaborate with their ATD-member counterparts in Djibouti while handling Ethiopian cargoes. EFFSAA was founded by a group of logistics experts with the goal of giving the industry a greater voice and power. Ethiopian freight forwarders frequently work with Djiboutian partners to ensure smooth cargo transportation.
Source:Ethiopian News
October 21, 2024 20:51 UTC