Ethiopia bans imports of gas-powered private vehicles
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Source:Ethiopian News
November 04, 2024 17:31 UTC
Fog Advisories expire but patches remain through morning commute
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Source:Ethiopian News
November 04, 2024 15:41 UTC
Construction of Bata Airport terminal in Equatorial Guinea successfully completed
- Advertisement -SsangYong Engineering & Construction (E’C), a subsidiary of the Global Sae-A Group and a prominent international player in the construction sector, has successfully completed the Bata International Airport Passenger Terminal. The milestone was commemorated in a special ceremony held on October 10, attended by Equatorial Guinea’s President Teodoro Obiang Nguema Mbasogo, high-ranking government officials, and representatives from the local community. The project includes various ancillary structures such as annex buildings, parking facilities, and access roads, along with advanced baggage-handling systems and boarding bridges. Awarded through a “Design-Build” and “Fast Track” process, SsangYong E’C managed the project from initial planning to construction. The completion of the Bata airport represents a significant achievement for SsangYong E’C, which is now responsible for constructing two of Equatorial Guinea’s three international airports, having previously completed Mongomeyen International Airport in 2018.
Source:Ethiopian News
November 04, 2024 14:47 UTC
Photo exhibition showcasing interfaith respect, harmony in Ethiopia opens in Addis Ababa
Addis Ababa, November 4, 2024 (FBC) – A photographic exhibition, highlighting the history of interfaith respect, harmony, and solidarity in Ethiopia, has officially opened in Addis Ababa today. This event is taking place alongside the ongoing International Inter-religious Conference. The interfaith conference is being organized by Ethiopia’s Ministry of Peace in collaboration with the Mohammed Bin Zayed University for Humanity of the United Arab Emirates. On the sidelines of this international event, a photo exhibition has been curated to highlight and remind the world of Ethiopia’s enduring legacy of interfaith respect and solidarity. According to information provided by the Ministry of Peace, the exhibition was inaugurated by the FDRE President, Ambassador Taye Atske-Selassie, the Minister of Peace, Mr. Bnalf Andualem, and religious leaders.
Source:Ethiopian News
November 04, 2024 14:16 UTC
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