Ten New Coffee Shops Along the West Coast
Click to email a link to a friend (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)2023 was an exciting year for specialty coffee on the West Coast, with no shortage of intrepid new cafe designs and global coffee connections made on hyper-local levels. While many of the coffee shops highlighted below are newcomers to the coffee world, several represent bold moves from longstanding coffee institutions, signaling vitality and optimism in the post-pandemic retail landscape. In Hawaii, Big Island Coffee Roasters, a 2022 Roast Magazine Roaster of the Year finalist, opened its first flagship roastery cafe. Continuing or 2023 Year in Review, here are 10 of the biggest coffee shop openings in the U.S. West Coast and Pacific states. Within this space, guests can sip coffees from ceramics used in traditional Jebena ceremonies that Avole imports from Ethiopia… read more
Source:Ethiopian News
December 26, 2023 16:35 UTC
Study seems to confirm secret ingredient for better coffee
Coffee connoisseurs have long held the belief that adding a little water to the beans before grinding them could make a difference. A new study by researchers at the University of Oregon seems to confirm exactly why. “When you grind coffee, it goes everywhere,” said study coauthor Christopher Hendon, an associate professor of computational materials chemistry at the University of Oregon. When using a cafetiere, French press or AeroPress, nothing much changes because, given the coarser grind required with these, “all of the water is already touching all of the coffee,” Hendon said. “I found that the amount of water needed for the purported benefits varied wildly from grinder to grinder,” he added.
Source:Ethiopian News
December 26, 2023 13:43 UTC
PM Abiy Says Irrigated Horticulture Production Showing Remarkable Results
Addis Ababa, December 26/2023(ENA)-Prime Minister Abiy said efforts being made in increasing irrigated horticulture production are showing remarkable results as evidenced through papaya productivity endeavours. The government of Ethiopia has been carrying out numerous agricultural development activities in line with its ten year perspective plan. Increasing the productivity of horticulture is one of the endeavors being underway across the country. Prime Minister Abiy pointed out on his face-book today that efforts being made in increasing irrigated horticulture production are showing remarkable results as evidenced through papaya productivity endeavours. “Our ten year perspective plan for agricultural development seeks to expand horticulture development, which includes fruits, among other key focus areas for the sector,” he added.
Source:Ethiopian News
December 26, 2023 13:08 UTC
Top 10 best international airports in Africa in 2023
Cape Town International Airport, South AfricaThis is a premier international hub with modern infrastructure and a commitment to eco-friendly practices. King Shaka International Airport, South AfricaLocated in Durban, it stands as a beacon of excellence among Africa's best international airports. Johannesburg International Airport, South AfricaServing as the primary hub for domestic and international travel in South Africa. Addis Ababa International Airport, EthiopiaFormerly Haile Selassie I International Airport, it's the main hub for Ethiopian Airlines. Bloemfontein International Airport, South AfricaFormerly Bloemfontein International Airport, now Bram Fischer International Airport.
Source:Ethiopian News
December 26, 2023 12:31 UTC
Ethiopia becomes Africa’s latest sovereign default — Daily Nigerian
Ethiopia became Africa’s third default in as many years on Tuesday after it failed to make a 33-million-dollar “coupon” payment on its only international government bond. Africa’s second most populous country announced earlier this month that it intended to formally go into default, having been under severe financial strain in the wake of the Coronavirus (COVID-19) pandemic and a two-year civil war that ended in November 2022. It had been supposed to make the payment on Dec. 11, but technically had up until Tuesday to provide the money due to a 14-day ‘grace period’ clause written into the 1 billion dollars bond. On Dec. 8, the government said parallel negotiations it had been having with pension funds and other private sector creditors that hold its bond had broken down. Credit ratings agency S&P Global then downgraded the bond, to “Default” on Dec. 15 on the assumption that the coupon payment would not be made.
Source:Ethiopian News
December 26, 2023 12:12 UTC
Ethiopia becomes Africa’s latest sovereign default
LONDON (Reuters) – Ethiopia became Africa’s third default in as many years on Tuesday after it failed to make a $33 million “coupon” payment on its only international government bond. Africa’s second most populous country announced earlier this month that it intended to formally go into default, having been under severe financial strain in the wake of the COVID-19 pandemic and a two-year civil war that ended in November 2022. It had been supposed to make the payment on Dec. 11, but technically had up until Tuesday to provide the money due to a 14-day ‘grace period’ clause written into the $1 billion bond. Credit ratings agency S&P Global then downgraded the bond, to “Default” on Dec. 15 on the assumption that the coupon payment would not be made. (Reporting by Rachel Savage and Karin Strohecker, Additional Reporting by Dawit Endeshaw in Addis Ababa, Editing by Marc Jones and Aurora Ellis)
Source:Ethiopian News
December 26, 2023 12:07 UTC
Ethiopia becomes Africa’s latest sovereign default — National Accord Newspaper
Ethiopia became Africa’s third default in as many years on Tuesday after it failed to make a 33-million-dollar “coupon” payment on its only international government bond. Africa’s second most populous country announced earlier this month that it intended to formally go into default, having been under severe financial strain in the wake of the Coronavirus (COVID-19) pandemic and a two-year civil war that ended in November 2022. It had been supposed to make the payment on Dec. 11, but technically had up until Tuesday to provide the money due to a 14-day ‘grace period’ clause written into the 1 billion dollars bond. On Dec. 8, the government said parallel negotiations it had been having with pension funds and other private sector creditors that hold its bond had broken down. Credit ratings agency S&P Global then downgraded the bond, to “Default” on Dec. 15 on the assumption that the coupon payment would not be made.
Source:Ethiopian News
December 26, 2023 11:34 UTC
Ethiopia Defaults on Bond Payments, Raising Concerns Over Africa’s Credit Rating
Ethiopia’s financial woes deepened as the nation defaulted on its bond payments, failing to meet a $33 million coupon obligation due on December 11. “Ethiopia is committed to treating all creditors equally,” affirmed Finance Minister Ahmed Shide, reflecting the government’s stance on the non-payment of the coupon. “Ethiopia has defaulted on her bond payments,” financial analyst, Kalu Aja noted. “Africa’s credit risk rating which was up will rise further, this means it will now be very difficult for African debt especially Nigeria to find buyers. This default marks a critical juncture for Ethiopia’s economy, with implications resonating beyond its borders, raising concerns about Africa’s credit rating and the accessibility of credit for other nations in the region.
Source:Ethiopian News
December 26, 2023 11:17 UTC
News: Economic turmoil, instability curtail Ethiopia’s FDI inflows: Ernst & Young report
Ethiopia garnered six foreign investment initiatives in 2022, with Safaricom Ethiopia being a notable contributor Photo: Reuters)Addis Abeba – Amid global economic shifts and domestic instability, Ethiopia is contending with a marked decrease in foreign direct investment (FDI), as detailed in a new report by Ernst & Young. Tanzania saw significant growth in foreign investment, reaching pre-pandemic levels with 21 projects worth $1.3 billion, creating 4,566 jobs. The report from Ernst & Young points to balance of payments issues and the risk of sovereign default amid rising inflation as challenges for Ethiopia. However, the report underscores that such economic challenges could overshadow the investment climate, deterring foreign investment and complicating economic management. In addition to inflation, Ethiopia faces pressures due to currency depreciation.
Source:Ethiopian News
December 26, 2023 11:15 UTC
OPINION: Subdued Xmas As Consequences Of Wars In Eastern Europe And The Middle East
Focusing first on the war in Eastern Europe, the immediate negative effect of the Russia-Ukraine war is the shortage of grain supply to the world from Ukraine, as farming has been impossible. Evidential of the scenario above is a recent report by the Council of the EU and the European Council that has concluded that:“Due to the war, Ukraine, a leading grain exporter, has seen a dramatic drop in its exports. Enough has been written and discussed about the war in Eastern Europe. According to the ICC report below, Africa and particularly Nigeria are more susceptible to collateral damage from the Israel-Gaza war. This subdued atmosphere of Xmas necessitates the creation of a new vocabulary to aptly capture the socio-economic challenges faced by my compatriots.
Source:Ethiopian News
December 26, 2023 09:40 UTC
Ethiopia joins Ghana and Zambia as it defaults on its $1 billion bond
Ethiopia joined Ghana and Zambia as Africa’s latest defaulter after it failed to make interest payment of $33 million on its $1 billion bond following the expiration of a grace period on Monday. The nation, located in the Horn of Africa, was obligated to pay a $33 million coupon on Dec. 11. Ethiopia had previously reached an agreement with bilateral creditors last month to suspend debt payments. However, the face value is set to remain at $1 billion, ensuring that creditors will not be required to accept a so-called haircut on their holdings. The report further stated that around 60% of low-income countries are either at risk of debt distress or likely already experiencing debt distress.
Source:Ethiopian News
December 26, 2023 09:27 UTC
Ethiopia Declares Sovereign Default, Echoing Financial Strain Across Africa
Ethiopia Declares Sovereign Default, Echoing Financial Strain Across AfricaEthiopia, the second most populous nation in Africa, has officially declared a sovereign default, marking the continent’s third such event in as many years. This move follows the nation’s failure to fulfil a $33 million coupon payment on its single international government bond. This financial challenge has been exacerbated by the aftermath of the COVID-19 pandemic and a two-year civil conflict that concluded in November 2022. An Anticipated DefaultThe Ethiopian government had previously indicated its intent to declare a default due to the country’s severe financial strain. With Ethiopia now joining Zambia and Ghana in a major restructuring under the Common Framework, this situation sheds light on the economic challenges faced by African nations.
Source:Ethiopian News
December 26, 2023 09:08 UTC
Black Business: Souk Bohemian
In all that Souk Bō’hēmian does, their goal is to introduce new and different cultures to the community. They partner with local and global artisans to bring aspirational ready-to-wear pieces, home goods, small-batch jewelry, and handmade accessories to curate every aspect of life. Wander in our minimal palettes and global aesthetics, as you would a bazaar in North Africa or your favorite local market. Their unique, artisan-made candle holder is a great conversation piece for any tabletop. Visit the website to shop and subscribe to the newsletter.
Source:Ethiopian News
December 26, 2023 08:40 UTC