Ethiopia food inflation worsen in October, CSS report – New Business Ethiopia
The year-on-year inflation rate of the Food and Non-alcoholic component of the CPI, for the month of October 2016 Ethiopian fiscal year, stood at 29.7%. Comparatively, the inflation rate for the same month in the previous year, October EFY2015, was 30.7 percent. Notably, for the last six months, since March EFY2015, the inflation rate showed reduction. “…Both the food and the non-food year-on-year inflation have continued to be stubbornly high. Similarly, during October 2016 EFY the year-on-year inflation rate of the Non- Food Index of the CPI was 28.5%.
Source:News Business Ethiopia
November 17, 2023 08:39 UTC
The war in Israel and the war in America
Israel's war against the satanic Hamas enters its fifth week, with Israeli forces penetrating deep into Gaza and destroying the vast Hamas terror network as they advance. Yitzchak and Rivkah make their lives in the very land that is today's war zone. Israel is routing out the evil in Gaza; can America rout out the evil rot that is threatening its institutions and its way of life?
Source:Ethiopian News
November 17, 2023 08:36 UTC
Ethiopian Government Forces Launch Another Drone Strike in Gojam , Wollo
Furthermore, in East Gojjam, near Motta and its surrounding areas, and in Bibugne district, over 50 civilians fell victim to two separate drone attacks that occurred within a span of four days. Many residents have reportedly fled their homes and sought refuge in nearby jungles to evade drone attacks and artillery shelling. Similar to the pattern observed over the past six months, the Ethiopian government has remained silent on the alleged drone attacks in Gojjam—an area in the Amhara region where government forces have encountered a fierce resistance. The Amhara region has been under a state of emergency since August, and internet services have been shut down for more than six months now. Abiy Ahmed’s administration launched the military operation in the Amhara region under the guise of “disarming the Fano” in as little as two weeks- which did not happen.
Source:Ethiopian News
November 17, 2023 07:53 UTC
Africa told to protect its interest before engaging with outside world – New Business Ethiopia
The World Bank and the Government of Ethiopia concluded assessment of the implementations of the 43 projects in Ethiopia worth $15 billion financed by the Bank.
Source:News Business Ethiopia
November 17, 2023 02:52 UTC
Brad Pitt's daughter drops his name as she joins historic sorority
Has Brad Pitt fallen out of favor with another of his six children with Angelina Jolie? In addition to Zahara, Jolie and Pitt also share Maddox, 22, Pax, 19, Shiloh, 17, and twins Vivienne and Knox, 15. Ines makes him very happy,” the source told People. Jacob Elordi won’t discuss dating Lori Loughlin’s daughter Still, the possible sidelining by Pitt’s oldest daughter has people wondering about the state of that relationship. “She’s so smart,” Pitt told Vanity Fair at the time.
Source:Ethiopian News
November 16, 2023 23:05 UTC
Ethiopia Data Center Market Investment Analysis Report 2023: A $226 Million Market by 2028 - Opportunities in IT, Electrical, Mechanical Infrastructure, General Construction, and Tier Standards
Dublin, Nov. 16, 2023 (GLOBE NEWSWIRE) -- The "Ethiopia Data Center Market - Investment Analysis & Growth Opportunities 2023-2028" report has been added to ResearchAndMarkets.com's offering. The Ethiopia data center market is expected to reach a value of $226 million by 2028 from $95 million in 2022, growing at a CAGR of 15.54% from 2022-2028This report analyses the Ethiopian data center market share. Data center development in Ethiopia has gained momentum with investments from notable operators like Raxio Data Centres and Safaricom, marking a steady growth trajectory for the country's data center infrastructure. The Ethiopia data center market is set to become more competitive, attracting new investors starting from 2022. A detailed study of the existing Ethiopia data center market landscape, an in-depth industry analysis, and insightful predictions about market size during the forecast period.
Source:Ethiopian News
November 16, 2023 22:40 UTC
BRICS To Spread De-Dollarization in Africa Through New Member Ethiopia
BRICS invited five oil-producing countries Saudi Arabia, the UAE, Egypt, Iran, and Ethiopia to control the global oil market. However, BRICS inducted Ethiopia as their long-term goal is to promote de-dollarization initiative in Africa through the new member. Ethiopian Prime Minister Abiy Ahmed said that Ethiopia’s membership in BRICS is advantageous, as it promotes the South-South cooperation framework. The development comes at a time when reports suggest that African countries are on the sidelines of the de-dollarization initiative. Read here to know how Kenya is working on the BRICS idea of de-dollarization initiatives in Africa.
Source:Ethiopian News
November 16, 2023 22:21 UTC
Richmond Food News: Nov. 16-22
An international pop-up bar that takes over watering holes across the world, Miracle runs from Nov. 29-Dec. 31. While it’s not technically a holiday bar, spirits are always high at Helen’s. Black Lodge: Look forward to terrifically horrible holiday puns and yuletide debauchery at the Brenner Pass-adjacent bar Nov. 28 through Dec. 31. Virago Spirits: Step inside this tucked-away tasting room and cozy up with a Tahitian Holiday cocktail for an tropical winter mashup. Friendsgiving, Cirrus Vodka (Nov. 18): Holiday market with food trucks and vendorsClassic Greek Flavors, The Kitchen Classroom (Nov. 19): Learn how to whip up chicken souvlaki, zippy tzatziki, pan-seared halloumi and more.
Source:Ethiopian News
November 16, 2023 21:53 UTC
USAID to resume food aid in Ethiopia after massive theft resulted in a monthslong suspension
Months after halting food aid in Ethiopia following a massive theft of aid by local officials, the U.S. Agency for International Development will restart aid donations in December. Over 20 million in the country at large need assistance with food. What happenedOn April 20, 2023, the World Food Program informed its humanitarian partners that it was suspending deliveries of food aid to the Tigray region because it had uncovered widespread theft. Drawing up lists of community members who need food will also be handled by aid agencies. “Given the significant number of people in need of food assistance in Ethiopia, we are pleased these important reforms will allow the delivery of food assistance to those who need it most.”Holly Richardson is the editor of Utah Policy
Source:Ethiopian News
November 16, 2023 17:39 UTC
Ethiopia "welcomes" US decision to resume food aid
Ethiopia on Wednesday "welcomed" the announcement that the US Development Agency (USAID) would resume the delivery of food aid throughout the country, suspended in June, following the conclusion of an agreement to monitor aid distribution. "We welcome USAID's decision to resume food aid to Ethiopia. It is imperative to speed up the process of resuming food aid to reach all those in need," said Deputy Prime Minister and Minister of Foreign Affairs Demeke Mekonnen on X (ex-Twitter). In June, Addis Ababa criticized the suspension of food aid by the American agency, a decision also taken by the UN World Food Program (WFP) because of misappropriations, claiming that it "punishes millions of people". USAID had already announced in early October a limited resumption of food aid deliveries to meet the needs of thousands of refugees in Africa's second most populous country.
Source:Ethiopian News
November 16, 2023 17:36 UTC
Ethiopia Data Center Market Investment Analysis & Growth Opportunities Report 2023-2028 Featuring Key DC Investors - Raxio Data Centres, Safaricom, and wingu.africa - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Ethiopia Data Center Market - Investment Analysis & Growth Opportunities 2023-2028" report has been added to ResearchAndMarkets.com's offering. This report analyses the Ethiopian data center market share. Data center development in Ethiopia has gained momentum with investments from notable operators like Raxio Data Centres and Safaricom, marking a steady growth trajectory for the country's data center infrastructure. The Ethiopia data center market is set to become more competitive, attracting new investors starting from 2022. A detailed study of the existing Ethiopia data center market landscape, an in-depth industry analysis, and insightful predictions about market size during the forecast period.
Source:Ethiopian News
November 16, 2023 16:53 UTC
African Development Bank Says Ethiopia Staff Arrested, Beaten
Bloomberg BusinessweekCarol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.
Source:Ethiopian News
November 16, 2023 16:53 UTC
US industrial deals thrive in 2023, surpass $200 billion
In 2023, though not the largest year for industrial deals, US bankers have orchestrated over $200 billion in transactions involving industrial companies, reflecting a surge in smaller deals. So far in 2023, bankers have put together more than $200 billion worth of transactions that involve at least one US industrial company, according to data compiled by Bloomberg. With a month and a half to go, US industrial companies have been involved in more than 4,000 transactions. Amphenol Corp., Dover Corp. and Idex Corp. have also announced smaller, bolt-on deals worth hundreds of millions of dollars apiece rather than billions. Industrial companies simply have more pieces to move around the game board, and each one is a potential source of financing.
Source:Ethiopian News
November 16, 2023 16:51 UTC
AfDB decries arrest of staff in Ethiopia
from ALEXIS DOUMBIA in Abidjan, Ivory CoastIvory Coast BureauABIDJAN, (CAJ News) – THE African Development Bank Group (AfDB) has lodged a formal complaint with Ethiopian authorities following the arrest of two staff members at the end of October. The Ivory Coast-headquartered bank decried the arrest by security forces as a “very serious diplomatic incident.”There was an official explanation as to why the pair was apprehended. AfDB welcomed that the Prime Minister of Ethiopia, Abiy Ahmed, immediately acted when he learnt of the incident, ordered the immediate release of the affected staff and promised to order an immediate investigation into the incident. Furthermore, the government reassured the bank that its staff in Ethiopia and those travelling to the country on mission will continue to enjoy full respect of their rights, privileges and diplomatic immunities under the Vienna Convention on Diplomatic Relations as well as the AfDB’s Development Bank’s Host Country Agreement with Ethiopia. “The African Development Bank values its excellent relations with the government of Ethiopia and is currently engaged with the authorities, through diplomatic channels, concerning the incident,” it stated.
Source:Ethiopian News
November 16, 2023 16:47 UTC
News: Unlawful detention, physical assault in Ethiopia of two staff ‘very serious diplomatic incident’: AfDB
AFDB Group PresidentAkinwumi A. Adesina pictured with President Sahle Work Zewde on 29 Oct 2023 at the World Food Prize Dialogue in Des Moines, Iowa, two days before the detention and physical assault of two staff members of the Bank’s Ethiopia office. Local media reports indicated that one of the victims were Dr. Abdul Kamara, AfDB’s Deputy Director General for East Africa, and Ethiopia office Country Manager, leading to a decision by the Bank to allegedly suspend its office operations in Addis Abeba. However, despite several e-mail correspondences with Addis Standard, the Bank neither confirmed, nor denied the names of the victims involved. In August this year, AfDB has awarded grant funding totaling $84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes. In September, the Bank’s Board of Directors has granted approval for a $104 million funding package to support a transmission project in eastern Ethiopia.
Source:Ethiopian News
November 16, 2023 16:42 UTC