PHOTO COLLECTION: Paris Olympics Under Water
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Source:Ethiopian News
July 31, 2024 15:16 UTC
Olympic Women's Beach Volleyball Glance
State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming Puerto Rico US Virgin Islands Armed Forces Americas Armed Forces Pacific Armed Forces Europe Northern Mariana Islands Marshall Islands American Samoa Federated States of Micronesia Guam Palau Alberta, Canada British Columbia, Canada Manitoba, Canada New Brunswick, Canada Newfoundland, Canada Nova Scotia, Canada Northwest Territories, Canada Nunavut, Canada Ontario, Canada Prince Edward Island, Canada Quebec, Canada Saskatchewan, Canada Yukon Territory, CanadaZip Code
Source:Ethiopian News
July 31, 2024 15:04 UTC
Lynden documentary to be held at middle school
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Source:Ethiopian News
July 31, 2024 14:20 UTC
Ethiopian Airlines Adopts Lufthansa Systems’ SIRAX For Superior Financial Management
Ethiopian Airlines Adopts Lufthansa Systems’ SIRAX For Superior Financial ManagementReading Time: 3 minutesEthiopian Airlines adopts Lufthansa Systems’ SIRAX/Revenue Accounting, enhancing their financial operations with a comprehensive and advanced solution. Lufthansa Systems is thrilled to announce that Ethiopian Airlines, Africa’s largest airline and the world’s fastest-growing brand, has adopted their SIRAX/Revenue Accounting solution. Operating within the Global Aviation Cloud from Lufthansa Systems, SIRAX/Revenue Accounting provides Ethiopian Airlines with a dependable, highly automated solution that ensures top-quality data. Additionally, the airline has chosen Lufthansa Systems’ SIRAX/ONE Order financial management solution, which is fully equipped for ONE Order integration. With SIRAX/Revenue Accounting, airlines can streamline their financial operations and enhance efficiency regardless of their operational model.
Source:Ethiopian News
July 31, 2024 14:19 UTC
Lawmakers approve World Bank's $1.5B grant, concessional loan; Ministry to submit additional budget request
During the session, Minister of Finance Ahmed Shide announced that the ministry will soon submit a proposal to Parliament for an additional budget, which includes support and loans received by the Ethiopian government from international lending organizations. Ahmed stated that the additional budget will be allocated for salary increases for low-paid government employees and subsidies on fuel, oil, fertilizers, and medicines, among others. Despite announcing the proposed additional budget request, Minister Ahmed did not mention the amount. Members of Parliament questioned Minister Ahmed and his deputy Eyob Tolina on how the government plans to prevent illegal trade and smuggling to ensure the loan is used effectively. Minister of Finance, Ahmed Shide, responded to the concerns, emphasizing that the loan will play a crucial role in maintaining a stable macroeconomic environment.
Source:Ethiopian News
July 31, 2024 14:16 UTC
Dutch runner Sifan Hassan trying to win the 5,000, 10,000 and marathon in Paris. 'It is very hard.'
State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming Puerto Rico US Virgin Islands Armed Forces Americas Armed Forces Pacific Armed Forces Europe Northern Mariana Islands Marshall Islands American Samoa Federated States of Micronesia Guam Palau Alberta, Canada British Columbia, Canada Manitoba, Canada New Brunswick, Canada Newfoundland, Canada Nova Scotia, Canada Northwest Territories, Canada Nunavut, Canada Ontario, Canada Prince Edward Island, Canada Quebec, Canada Saskatchewan, Canada Yukon Territory, CanadaZip Code
Source:Ethiopian News
July 31, 2024 12:59 UTC
Ethiopia Construction Industry Report 2024: Output to Expand by 8.7% in Real-terms in 2024, Supported by Investments in Transport, Industrial, and Electricity Projects - Forecasts to 2028 - ResearchAn
DUBLIN--(BUSINESS WIRE)--The "Ethiopia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering. The construction industry in Ethiopia is expected to expand by 8.7% in real terms in 2024, supported by investments in the country's transport, industrial, and electricity projects. In the financial year (FY) 2023-24 (July 2023 to July 2024) Budget, the government allocated ETB203.9 billion ($3.5 billion) as capital expenditure. The analyst expects the Ethiopian construction industry to register an annual average growth of 8.9% from 2025 to 2028, supported by investments in the infrastructure, energy, and mining sectors. ScopeHistorical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Ethiopia, featuring details of key growth drivers.
Source:Ethiopian News
July 31, 2024 12:55 UTC
Dutch runner Sifan Hassan trying to win the 5,000, 10,000 and marathon in Paris. ‘It is very hard.’
PARIS (AP) — Attempting to defend her 5,000- and 10,000-meter titles at the Olympics isn’t enough for Ethiopian-born Dutch runner Sifan Hassan. She also will push herself in the ultimate test of endurance, adding the marathon to her program at the Paris Games. And she’ll have roughly only 35 hours between the end of the 10,000 and the marathon. But now she can match Emil Zatopek’s exploit from 1952, when the Czech runner swept the 5,000, 10,000 and the marathon at the Helsinki Games. When Hassan started winning multiple events earlier in her career, she learned about Zatopek and watched a film about him.
Source:Ethiopian News
July 31, 2024 12:51 UTC
The Rochester business scene is adding a touch of Ethiopia to the Med City
ROCHESTER, Minn. (KTTC) – Rochester is a melting pot of all backgrounds and cultures. A new store in northwest Rochester is adding its touch of Ethiopia to the Med City. KTTC’s Charles Kelley is checking out Adey Abeba General Import and Ethiopian Store to hear about the inspiration behind opening its doors. The owner, Sihine Wendmu, and a relative, Girma Wami, shared what they have seen in the community since opening up last month. Copyright 2024 KTTC.
Source:Ethiopian News
July 31, 2024 12:03 UTC
Kuwait: Mother denied kids’ custody over sorcery
The lawyer for the ex-husband told the family court that the woman had been involved in evil acts targeting the claimant. The pernicious tricks came to the surface after a row had erupted between the woman and the sorcerer. In issuing the ruling, the family court said after looking into the case documents, hearing witnesses and proving the woman’s involvement in sorcery, the mother becomes untrustworthy of keeping her children’s custody. The highest divorce rate in the country last year was recorded among Kuwaiti men in May with 629 cases and with 208 among non-Kuwaitis, data from the Central Statistical Bureau showed. Kuwait’s lowest divorce rate over the 2019-23 period was registered in 2020 when 4,661 cases were registered among Kuwaiti men and 4,294 among Kuwaiti women.
Source:Ethiopian News
July 31, 2024 11:45 UTC
IMF Support Helps Ethiopia Unlock $16.6 Billion From World Bank
The World Bank pledged $16.6 billion of funding to Ethiopia over three years, providing a fillip to eastern Africa’s biggest economy as it restructures its debt and opens up the nation to foreign investors. The International Development Association’s assistance includes a $1 billion grant and a $500 million concessional loan to help the Horn of Africa nation strengthen its financial sector and improve fiscal transparency, according to a World Bank statement Bloomberg Terminal on Tuesday. The announcement came hours after the International Monetary Fund agreed to a $3.4 billion bailout package.
Source:Ethiopian News
July 31, 2024 11:32 UTC
African Development Bank supports Ethiopian economic initiative
The African Development Bank Group has offered its assistance to Ethiopia in developing a national roadmap around a circular economyThe project was launched in Addis Ababa at an event attended by Ethiopian government officials and representatives of the African Development Bank (ADB). This is reported by Prensa Latina , a partner of TV BRICS. The preparation of the roadmap will be financed by ADB through the Africa Circular Economy Fund (ACEF) and will be done in collaboration with the African Alliance for Circular Economy. The document will attempt to address existing challenges by identifying key actions to effectively utilise resources, strengthen legal and institutional frameworks, and build capacity in the public and private sectors, the announcement said. Entrepreneurship Ethiopia is part of ACEF's multinational programme, which includes Chad, Cameroon, Benin and Uganda.
Source:Ethiopian News
July 31, 2024 08:17 UTC
Will The Devaluation Of The Ethiopian Birr (ETB) Stoke Inflation?
The Ethiopian central bank has removed all restrictions on trading the Ethiopian birr (ETB), in a move that analysts fear could stoke significantly higher inflation in the East African country. However, the IMF has insisted on foreign exchange liberalisation as a condition for Ethiopia receiving around $10.7 billion in external financing. In the first trading session after the central bank announced the forex regime, the birr slumped by 30% against the dollar. But the loan came only after Ethiopia agreed to end its fixed currency exchange rate. The nation’s current situation does not warrant a full-fledged liberalisation of the market, especially floating the foreign exchange market,” he told Disruption Banking.
Source:Ethiopian News
July 31, 2024 07:46 UTC
Ethiopian Airlines Amasses USD 7 Billion in Revenue
Ethiopian Airlines has announced a strong performance for the 2023/2024 fiscal year, raking in USD 7.02 billion in revenue. The carrier's passenger services contributed significantly, generating USD 5 billion, while cargo operations brought in USD 1.65 billion. Ethiopian Airlines operates to 136 international destinations, including 63 African cities, making it the airline with the most extensive intra-African network. Over the past decade, Ethiopian Airlines has maintained an average growth rate of 25%, surpassing its Vision 2025 strategic goals ahead of schedule. Source: The Ethiopian HeraldAdditional source: Ethiopian Airlines
Source:Ethiopian News
July 31, 2024 04:59 UTC
July 30, 2024
2 Zeritu Zekarias, 43, sits on the ground as her husband and relatives dig in search of the missing son at the site of the twin landslides of July 22, 2024, following heavy rains, in Gofa zone, Geze District of Southern Ethiopia, July 29, 2024.
Source:Ethiopian News
July 31, 2024 04:46 UTC