#Ethiopia: A day after landmark order for up to 67 #Boeing Jets, Ethiopian Airlines inks MOU for 11 additional #Airbus A350-900s with six more purchase rights
Ethiopian Airlines has today signed a memorandum of understanding (MoU) with Airbus covering eleven A350-900s. Once firmed, this impending commitment, signed during the #Dubai_Airshow 2023, will take the carrier's total A350 order book to 33 including four A350-1000s that are yet to be delivered.
According to information from the ch-aviation, Ethiopian Airlines currently operates twenty A350-900s.
Yesterday, Ethiopian also ordered eleven B787-9s (with options for 15 more) alongside twenty B737-8s (with options for 21 more) from Boeing.
Read more at: https://x.com/addisstandard/status/1724783966581051505?s=20
Ethiopian Airlines has today signed a memorandum of understanding (MoU) with Airbus covering eleven A350-900s. Once firmed, this impending commitment, signed during the #Dubai_Airshow 2023, will take the carrier's total A350 order book to 33 including four A350-1000s that are yet to be delivered.
According to information from the ch-aviation, Ethiopian Airlines currently operates twenty A350-900s.
Yesterday, Ethiopian also ordered eleven B787-9s (with options for 15 more) alongside twenty B737-8s (with options for 21 more) from Boeing.
Read more at: https://x.com/addisstandard/status/1724783966581051505?s=20
#Ethiopia: Defense Minister says lower level admins’ failure to secure peace forcing army deployment for ‘small tasks’; army facing ‘massive defamation campaign’ by ‘extremist forces’
Defense Minister Dr. Abraham Belay told lawmakers that the failure by lower level administrative units including zone, Woreda and Kebele administrations to secure peace properly is leading to the deployment of the federal army “in every neighborhood and Kebele for small tasks.” He also accused ‘extremist forces’ of launching a ‘massive defamation campaign’ against the army.
Dr. Dima Negeo, Chair of the Standing Committee, on his part cautioned that the country’s political leadership should solve the political problems in order for the national defense forces to not get “busy with petty problems.”
The Chair further emphasized that Ethiopia’s “role and history in peacekeeping missions must be strengthened” and that the ministry of defense should “work to ensure transparency” in the recruitment process and deployment of army members.https://addisstandard.com/?p=39313
Defense Minister Dr. Abraham Belay told lawmakers that the failure by lower level administrative units including zone, Woreda and Kebele administrations to secure peace properly is leading to the deployment of the federal army “in every neighborhood and Kebele for small tasks.” He also accused ‘extremist forces’ of launching a ‘massive defamation campaign’ against the army.
Dr. Dima Negeo, Chair of the Standing Committee, on his part cautioned that the country’s political leadership should solve the political problems in order for the national defense forces to not get “busy with petty problems.”
The Chair further emphasized that Ethiopia’s “role and history in peacekeeping missions must be strengthened” and that the ministry of defense should “work to ensure transparency” in the recruitment process and deployment of army members.https://addisstandard.com/?p=39313
Addis Standard
News: Defense Minister says lower level admins' failure to secure peace forcing army deployment for 'small tasks'; army facing…
Dr. Abraham and members of the army providing the first quarter report of the Ministry to members of the Standing Committee on Foreign Relations and Peace Affairs of the House of People’s Representatives (HoPR). Photo: HoPR Addis Abeba – Defense Minister…
#Ethiopia’s only foreign-owned finance group withdraws citing FX constraints
*Departure of Ethio Lease is a blow to Prime Minister Abiy Ahmed’s push to attract investors
***
The only foreign-owned financial services company operating in Ethiopia is pulling out of east Africa’s largest economy because of foreign exchange constraints, in a blow to efforts by Prime Minister Abiy Ahmed to attract investors.
Ethio Lease, a unit of New York-based African Asset Finance Company, is the first and only foreign group to secure a financial services licence to operate in Ethiopia. It is also the first company to lease imported equipment, including farm machinery and medical products, in the country of 120mn people.
“This is a huge loss for Ethiopia,” said Girma Wake, Ethio Lease’s Addis Ababa-based chair.
https://www.ft.com/content/95b97c87-1194-496d-9055-4ed8270fda88
*Departure of Ethio Lease is a blow to Prime Minister Abiy Ahmed’s push to attract investors
***
The only foreign-owned financial services company operating in Ethiopia is pulling out of east Africa’s largest economy because of foreign exchange constraints, in a blow to efforts by Prime Minister Abiy Ahmed to attract investors.
Ethio Lease, a unit of New York-based African Asset Finance Company, is the first and only foreign group to secure a financial services licence to operate in Ethiopia. It is also the first company to lease imported equipment, including farm machinery and medical products, in the country of 120mn people.
“This is a huge loss for Ethiopia,” said Girma Wake, Ethio Lease’s Addis Ababa-based chair.
https://www.ft.com/content/95b97c87-1194-496d-9055-4ed8270fda88
U.S. Senator Risch commends USAID's resumption of food assistance to #Ethiopia, urges caution and accountability
U.S. Senator Jim Risch (R-Idaho), Ranking Member of the Senate Foreign Relations Committee, has released a statement in response to the United States Agency for International Development's (#USAID) announcement to recommence U.S. food assistance to Ethiopia. Risch commends USAID's decision, noting that it follows a long-awaited agreement with the Ethiopian government to ensure the efficient, effective, and transparent use of aid, with a focus on supporting the most vulnerable populations.
However, Risch advises caution and stresses that the restoration of aid will be conducted on a trial basis. He calls upon the Ethiopian government to uphold its commitments, which required significant time to secure.
Read more at: https://twitter.com/addisstandard/status/1725050490373714252
U.S. Senator Jim Risch (R-Idaho), Ranking Member of the Senate Foreign Relations Committee, has released a statement in response to the United States Agency for International Development's (#USAID) announcement to recommence U.S. food assistance to Ethiopia. Risch commends USAID's decision, noting that it follows a long-awaited agreement with the Ethiopian government to ensure the efficient, effective, and transparent use of aid, with a focus on supporting the most vulnerable populations.
However, Risch advises caution and stresses that the restoration of aid will be conducted on a trial basis. He calls upon the Ethiopian government to uphold its commitments, which required significant time to secure.
Read more at: https://twitter.com/addisstandard/status/1725050490373714252
Over 64 migrants feared dead in #Yemen Shipwreck; IOM urges action for safe migration pathways
“Yemen serves as a crucial transit country for migrants from the Horn of Africa, primarily #Ethiopians travelling to the Kingdom of Saudi Arabia or other Gulf nations in search of work. “
More than 64 people are missing and feared dead after the vessel they were traveling in capsized off the coast of Yemen on Sunday (12/11).
“This tragedy highlights the pressing need for global cooperation in establishing safer migration pathways,” said Matt Huber, Acting Chief of Mission of IOM Yemen. “We urge our partners to collaborate closely with IOM to enhance support for migrants in Yemen, address the root causes behind their decision to embark on these dangerous journeys, and collectively work towards safer and more humane support for migrants.”
This latest disaster serves as a stark reminder of the challenges faced by migrants who undertake perilous journeys in search of safety and better livelihood opportunities. Strategically positioned on the Arabian Peninsula, Yemen serves as a crucial transit country for migrants from the Horn of Africa, primarily Ethiopians travelling to the Kingdom of Saudi Arabia or other Gulf nations in search of work.
https://mena.iom.int/news/over-64-migrants-feared-dead-yemen-shipwreck-iom-urges-action-safe-migration-pathways
“Yemen serves as a crucial transit country for migrants from the Horn of Africa, primarily #Ethiopians travelling to the Kingdom of Saudi Arabia or other Gulf nations in search of work. “
More than 64 people are missing and feared dead after the vessel they were traveling in capsized off the coast of Yemen on Sunday (12/11).
“This tragedy highlights the pressing need for global cooperation in establishing safer migration pathways,” said Matt Huber, Acting Chief of Mission of IOM Yemen. “We urge our partners to collaborate closely with IOM to enhance support for migrants in Yemen, address the root causes behind their decision to embark on these dangerous journeys, and collectively work towards safer and more humane support for migrants.”
This latest disaster serves as a stark reminder of the challenges faced by migrants who undertake perilous journeys in search of safety and better livelihood opportunities. Strategically positioned on the Arabian Peninsula, Yemen serves as a crucial transit country for migrants from the Horn of Africa, primarily Ethiopians travelling to the Kingdom of Saudi Arabia or other Gulf nations in search of work.
https://mena.iom.int/news/over-64-migrants-feared-dead-yemen-shipwreck-iom-urges-action-safe-migration-pathways
International Organization for Migration
Over 64 Migrants Feared Dead in Yemen Shipwreck; IOM Urges Action for Safe Migration Pathways
Geneva/Sana’a – More than 64 people are missing and feared dead after the vessel they were traveling in capsized off the coast of Yemen on Sunday (12/11).
#Ethiopia: Rising number of #Tigray youth fleeing to the Arabian Peninsula amid food security challenges, limited job prospects
In the war-torn Tigray region, young people face food security challenges and limited job prospects, pushing them to seek better opportunities elsewhere. Many are embarking on dangerous journeys from #Djibouti's coast, crossing the perilous #Gulf_of_Aden in search of a brighter future. However, this route has become increasingly unsafe, raising concerns for their safety.
Haysh Subagadis, the head of Tigray Youth Afire, has expressed worry about the growing number of young Tigrayans illegally migrating to the #Arabian_Peninsula and other #African countries through various routes. Disturbing reports have reached authorities, including parents receiving death notifications and demands for high ransoms from smugglers in Yemen and other transit nations.
The war's devastation, coupled with delays in investment and other activities, worsens the desperation to escape for these youths. Additionally, brokers with vested interests disseminate false information about the potential outbreak of another war in Tigray, causing fear and insecurity among the youth.
https://addisstandard.com/news-rising-number-of-tigray-youth-fleeing-to-the-arabian-peninsula-amid-food-security-challenges-limited-job-prospects/
In the war-torn Tigray region, young people face food security challenges and limited job prospects, pushing them to seek better opportunities elsewhere. Many are embarking on dangerous journeys from #Djibouti's coast, crossing the perilous #Gulf_of_Aden in search of a brighter future. However, this route has become increasingly unsafe, raising concerns for their safety.
Haysh Subagadis, the head of Tigray Youth Afire, has expressed worry about the growing number of young Tigrayans illegally migrating to the #Arabian_Peninsula and other #African countries through various routes. Disturbing reports have reached authorities, including parents receiving death notifications and demands for high ransoms from smugglers in Yemen and other transit nations.
The war's devastation, coupled with delays in investment and other activities, worsens the desperation to escape for these youths. Additionally, brokers with vested interests disseminate false information about the potential outbreak of another war in Tigray, causing fear and insecurity among the youth.
https://addisstandard.com/news-rising-number-of-tigray-youth-fleeing-to-the-arabian-peninsula-amid-food-security-challenges-limited-job-prospects/
Addis Standard
News: Rising number of Tigray youth fleeing to the Arabian Peninsula amid food security challenges, limited job prospects - Addis…
News: Rising number of Tigray youth fleeing to the Arabian Peninsula amid food security challenges, limited job prospects Addis Standard News -
Art and Culture: Universal Music Group, #Ethiopia’s Sewasew Multimedia sign first of its kind distribution agrmt.
Universal Music Group (UMG), the world leader in music-based entertainment, and Sewasew Multimedia, Ethiopia’s leading music and Entertainment Company, today announced that they have signed the first of its kind distribution agreement for the Ethiopian market.
Under the terms of the agreement, Sewasew Multimedia will be responsible for the digital distribution and marketing of UMG’s extensive catalog of music in Ethiopia. This includes music from UMG’s globally recognized labels, such as Def Jam, Interscope Records, Island Records, Motown Records, Republic Records, and Virgin Records, as well as music from their African divisions, such as Def Jam Africa, Motown Gospel Africa, and Republic Records Africa. https://addisstandard.com/?p=39327
Universal Music Group (UMG), the world leader in music-based entertainment, and Sewasew Multimedia, Ethiopia’s leading music and Entertainment Company, today announced that they have signed the first of its kind distribution agreement for the Ethiopian market.
Under the terms of the agreement, Sewasew Multimedia will be responsible for the digital distribution and marketing of UMG’s extensive catalog of music in Ethiopia. This includes music from UMG’s globally recognized labels, such as Def Jam, Interscope Records, Island Records, Motown Records, Republic Records, and Virgin Records, as well as music from their African divisions, such as Def Jam Africa, Motown Gospel Africa, and Republic Records Africa. https://addisstandard.com/?p=39327
Addis Standard
Art and Culture: Universal Music Group, Ethiopia's Sewasew Multimedia sign first of its kind distribution agrmt. - Addis Standard
Art and Culture: Universal Music Group, Ethiopia's Sewasew Multimedia sign first of its kind distribution agrmt. Addis Standard Ethiopia -
In-depth: Is impunity for war crimes, crimes against humanity looming in #Ethiopia?
In its final report to the #UN General Assembly, the International Commission of Human Rights Experts on Ethiopia (#ICHREE) revealed a disturbing human rights situation in the country. Despite a ceasefire agreement, executions, torture, sexual violence, and attacks on children have continued in the #Tigray region. The commission found evidence of war crimes and crimes against humanity, including a potential genocide against the people of Tigray. However, with the expiration of its mandate and the termination of other international scrutiny, victims will now have to rely on Ethiopia's transitional justice program for justice and accountability.
The transitional justice program, initiated after the signing of the #Pretoria Peace Agreement, aims to uncover the truth, provide redress for victims, achieve reconciliation, and promote healing. Western powers like the #US and #EU, who were pushing for accountability through ICHREE's independent investigations, now support the transitional justice program. However, concerns have been raised regarding its effectiveness.
Human rights organizations, including Human Rights Watch (#HRW) and #Amnesty_International, have criticized the termination of ICHREE's mandate and advocate for a new UN-led investigative mission. Ethiopia's government has opposed ICHREE from the beginning, hindering its work and raising doubts about the authenticity of its findings. However, experts emphasize the importance of external engagement until justice is fully delivered for the victims.
https://addisstandard.com/in-depth-is-impunity-for-war-crimes-crimes-against-humanity-looming-in-ethiopia/
In its final report to the #UN General Assembly, the International Commission of Human Rights Experts on Ethiopia (#ICHREE) revealed a disturbing human rights situation in the country. Despite a ceasefire agreement, executions, torture, sexual violence, and attacks on children have continued in the #Tigray region. The commission found evidence of war crimes and crimes against humanity, including a potential genocide against the people of Tigray. However, with the expiration of its mandate and the termination of other international scrutiny, victims will now have to rely on Ethiopia's transitional justice program for justice and accountability.
The transitional justice program, initiated after the signing of the #Pretoria Peace Agreement, aims to uncover the truth, provide redress for victims, achieve reconciliation, and promote healing. Western powers like the #US and #EU, who were pushing for accountability through ICHREE's independent investigations, now support the transitional justice program. However, concerns have been raised regarding its effectiveness.
Human rights organizations, including Human Rights Watch (#HRW) and #Amnesty_International, have criticized the termination of ICHREE's mandate and advocate for a new UN-led investigative mission. Ethiopia's government has opposed ICHREE from the beginning, hindering its work and raising doubts about the authenticity of its findings. However, experts emphasize the importance of external engagement until justice is fully delivered for the victims.
https://addisstandard.com/in-depth-is-impunity-for-war-crimes-crimes-against-humanity-looming-in-ethiopia/
Addis Standard
In-depth: Is impunity for war crimes, crimes against humanity looming in Ethiopia? - Addis Standard
In-depth: Is impunity for war crimes, crimes against humanity looming in Ethiopia? Addis Standard Law & Justice -
#Ethiopia: Half of students in #Amhara region affected by ongoing violence, unable to attend class
Half of students in the Amhara region were unable to attend classes this academic year due to security issues, Amhara Media Corporation reported today. Mulunesh Desse, the head of the Amhara Education Bureau, revealed in a statement that schooling has yet to resume for a large number of children in the East, West, and North #Gojam zones.
The Bureau said that in areas outside of direct conflict zones, there has been some resumption of schooling. However, attendance levels are still below normal. According to Mulunesh, only 60% of primary and 55% of secondary school students in these areas are currently attending classes.
Teachers and administrators are discussing strategies to help sixth, eighth, and twelfth graders make up for lost time as they prepare for important regional and national exams this year.
Half of students in the Amhara region were unable to attend classes this academic year due to security issues, Amhara Media Corporation reported today. Mulunesh Desse, the head of the Amhara Education Bureau, revealed in a statement that schooling has yet to resume for a large number of children in the East, West, and North #Gojam zones.
The Bureau said that in areas outside of direct conflict zones, there has been some resumption of schooling. However, attendance levels are still below normal. According to Mulunesh, only 60% of primary and 55% of secondary school students in these areas are currently attending classes.
Teachers and administrators are discussing strategies to help sixth, eighth, and twelfth graders make up for lost time as they prepare for important regional and national exams this year.
News: Unlawful detention, physical assault in #Ethiopia of two staff ‘very serious diplomatic incident’: #AfDB
After weeks of local media reports on the detention and physical assault sustained by senior staff of the African Development Bank (AfDB) Ethiopia office, the Bank has today admitted that on 31 Oct. 2023, “two staff members of the African Development Bank Group based in #Addis_Abeba were unlawfully arrested, physically assaulted, and detained for many hours by elements of the security forces without any official explanation.”
In a statement sent to Addis Standard, the Bank, which enjoys a close relationship with the Ethiopian government, called the detention and assault of its staff “a very serious diplomatic incident,” and that it’s complaints to the Ethiopian government has been “formally acknowledged”, but fell short of mentioning names of the victims.
On 29 Oct. AFDB Group President Akinwumi A. Adesina (pictured with President Sahle Work Zewde) praised Ethiopia's wheat production at the World Food Prize Dialogue in Des Moines, Iowa.
His remarks were delivered two days before the detention and physical assault of the Bank’s Ethiopia office.
AfDB has since lodged a formal complaint with the Ethiopian authorities.
https://addisstandard.com/?p=39345
After weeks of local media reports on the detention and physical assault sustained by senior staff of the African Development Bank (AfDB) Ethiopia office, the Bank has today admitted that on 31 Oct. 2023, “two staff members of the African Development Bank Group based in #Addis_Abeba were unlawfully arrested, physically assaulted, and detained for many hours by elements of the security forces without any official explanation.”
In a statement sent to Addis Standard, the Bank, which enjoys a close relationship with the Ethiopian government, called the detention and assault of its staff “a very serious diplomatic incident,” and that it’s complaints to the Ethiopian government has been “formally acknowledged”, but fell short of mentioning names of the victims.
On 29 Oct. AFDB Group President Akinwumi A. Adesina (pictured with President Sahle Work Zewde) praised Ethiopia's wheat production at the World Food Prize Dialogue in Des Moines, Iowa.
His remarks were delivered two days before the detention and physical assault of the Bank’s Ethiopia office.
AfDB has since lodged a formal complaint with the Ethiopian authorities.
https://addisstandard.com/?p=39345
Addis Standard
News: Unlawful detention, physical assault in Ethiopia of two staff 'very serious diplomatic incident': AfDB - Addis Standard
News: Unlawful detention, physical assault in Ethiopia of two staff 'very serious diplomatic incident': AfDB Addis Standard Ethiopia -
#Ethiopia: New draft bill offers farmers access to vital loans using land as collateral
A draft bill was presented to members of parliament yesterday, offering farmers the opportunity to use their land as collateral to secure crucial loans from financial institutions. This legislation could potentially transform the accessibility of funding for agricultural projects, transforming the way farmers seek financial support.
During the parliamentary session held on 16 November, 2023, Chief Government Whip Tesfaye Beljige provided a comprehensive explanation of the bill to legislators. Some members of parliament expressed the need for clear articulation of the articles pertaining to accessing loans using land as collateral within the bill. Following a thorough discussion by the MPs, the draft bill was subsequently referred to the agricultural standing committee for further examination and analysis.
A draft bill was presented to members of parliament yesterday, offering farmers the opportunity to use their land as collateral to secure crucial loans from financial institutions. This legislation could potentially transform the accessibility of funding for agricultural projects, transforming the way farmers seek financial support.
During the parliamentary session held on 16 November, 2023, Chief Government Whip Tesfaye Beljige provided a comprehensive explanation of the bill to legislators. Some members of parliament expressed the need for clear articulation of the articles pertaining to accessing loans using land as collateral within the bill. Following a thorough discussion by the MPs, the draft bill was subsequently referred to the agricultural standing committee for further examination and analysis.
#Ethiopia: Rolls-Royce, Ethiopian Airlines announce significant agreement for 22 Trent XWB-84 engines
#Rolls_Royce has recently secured a major agreement with #Ethiopian_Airlines for a comprehensive TotalCare service package that encompasses 22 Rolls-Royce Trent XWB-84 engines. These engines are exclusively used to power Airbus A350-900 aircraft. The TotalCare service is specifically designed to assure operational certainty for customers by shifting maintenance costs and on-wing risks back to Rolls-Royce. This premium service is complemented by the Rolls-Royce Advanced Engine Health Monitoring System, which enhances operational availability, reliability, and efficiency.
Ethiopian Airlines, #Africa's first A350 operator since 2016, has been a longstanding customer of Rolls-Royce. This new agreement will further augment their existing fleet of 40 Rolls-Royce Trent XWB-84 engines.
Read more at: https://twitter.com/addisstandard/status/1725423558568890595
#Rolls_Royce has recently secured a major agreement with #Ethiopian_Airlines for a comprehensive TotalCare service package that encompasses 22 Rolls-Royce Trent XWB-84 engines. These engines are exclusively used to power Airbus A350-900 aircraft. The TotalCare service is specifically designed to assure operational certainty for customers by shifting maintenance costs and on-wing risks back to Rolls-Royce. This premium service is complemented by the Rolls-Royce Advanced Engine Health Monitoring System, which enhances operational availability, reliability, and efficiency.
Ethiopian Airlines, #Africa's first A350 operator since 2016, has been a longstanding customer of Rolls-Royce. This new agreement will further augment their existing fleet of 40 Rolls-Royce Trent XWB-84 engines.
Read more at: https://twitter.com/addisstandard/status/1725423558568890595
#Sudan government calls for immediate termination of #UN political mission, citing disappointing results
In a recent letter obtained by Addis Standard, the government of Sudan has formally requested the United Nations (UN) to terminate its political mission, the United Nations Integrated Transition Assistance Mission in Sudan (UNITAMS), in the country. Sudan's acting foreign minister, Ali Sadeq, conveyed this message to the UN Security Council, emphasizing the government's commitment to engaging constructively with the Security Council and the Secretariat.
#UNITAMS, having commenced its mission in Sudan in 2020 and comprising over 400 civilians, was originally established to aid the transitional government of Sudan after the revolution in December 2018. However, according to the letter addressed to UN Secretary-General Antonio Guterres, the mission's performance in fulfilling its objectives has been deemed unsatisfactory.
Read more at: https://x.com/addisstandard/status/1725437760884871200?s=20
In a recent letter obtained by Addis Standard, the government of Sudan has formally requested the United Nations (UN) to terminate its political mission, the United Nations Integrated Transition Assistance Mission in Sudan (UNITAMS), in the country. Sudan's acting foreign minister, Ali Sadeq, conveyed this message to the UN Security Council, emphasizing the government's commitment to engaging constructively with the Security Council and the Secretariat.
#UNITAMS, having commenced its mission in Sudan in 2020 and comprising over 400 civilians, was originally established to aid the transitional government of Sudan after the revolution in December 2018. However, according to the letter addressed to UN Secretary-General Antonio Guterres, the mission's performance in fulfilling its objectives has been deemed unsatisfactory.
Read more at: https://x.com/addisstandard/status/1725437760884871200?s=20
#Ethiopia: #MIGA, #World_Bank increases insurance coverage for Tulu Moye geothermal in Ethiopia
The Multilateral Investment Guarantee Agency of the World Bank (MIGA) has increased the guarantees issued to #Tulu_Moye SAS of #France covering its equity and quasi-equity investments in Tulu Moye Geothermal Operations Plc of the Federal Democratic Republic of Ethiopia.
The original guarantees of $67.5 million were issued in 2021 for a period of up to 15 years against the risks of breach of contract, expropriation and war and civil disturbance, which have now been increased to $117 million, $49.5 million over the original amount.
MIGA also used the IDA Private Sector Window MIGA Guarantee Facility, which provides a shared first loss layer of up to $40.95 million, of which IDA’s share is $32.76 million.
The project consists of the design, development, construction, operation, and maintenance of Phase 1 of a planned 150-MW greenfield geothermal power plant in #Oromia Regional State in Ethiopia. Power generated in Phase 1 will deliver up to 50 MW that will be sold to Ethiopian Electric Power, the state-owned utility, under a 25-year power purchase agreement.
This project will be one of the first geothermal independent power producers in Ethiopia. The second phase will involve the development of 100 MW over the next five years. Phase 1 is expected to be operational by the end of 2023. The MIGA guarantees cover activity for Phase 1 only. https://www.thinkgeoenergy.com/miga-world-bank-increases-insurance-coverage-for-tulu-moye-geothermal-ethiopia/
The Multilateral Investment Guarantee Agency of the World Bank (MIGA) has increased the guarantees issued to #Tulu_Moye SAS of #France covering its equity and quasi-equity investments in Tulu Moye Geothermal Operations Plc of the Federal Democratic Republic of Ethiopia.
The original guarantees of $67.5 million were issued in 2021 for a period of up to 15 years against the risks of breach of contract, expropriation and war and civil disturbance, which have now been increased to $117 million, $49.5 million over the original amount.
MIGA also used the IDA Private Sector Window MIGA Guarantee Facility, which provides a shared first loss layer of up to $40.95 million, of which IDA’s share is $32.76 million.
The project consists of the design, development, construction, operation, and maintenance of Phase 1 of a planned 150-MW greenfield geothermal power plant in #Oromia Regional State in Ethiopia. Power generated in Phase 1 will deliver up to 50 MW that will be sold to Ethiopian Electric Power, the state-owned utility, under a 25-year power purchase agreement.
This project will be one of the first geothermal independent power producers in Ethiopia. The second phase will involve the development of 100 MW over the next five years. Phase 1 is expected to be operational by the end of 2023. The MIGA guarantees cover activity for Phase 1 only. https://www.thinkgeoenergy.com/miga-world-bank-increases-insurance-coverage-for-tulu-moye-geothermal-ethiopia/
Think GeoEnergy
MIGA, World Bank increases insurance coverage for Tulu Moye geothermal, Ethiopia
MIGA under the World Bank has expanded the insurance coverage for the Tulu Moye geothermal project in Ethiopia, further mitigating project risks.
News: #WFP implements new strategy to resume aid in #Ethiopia after months of suspension
The United Nations World Food Programme (WFP) has introduced a new strategy in Ethiopia to resume food assistance for 3.2 million people who have been without aid since June 2023. The revised approach emphasizes transparency, evidence-based targeting, and independent oversight. It involves digitally registering and verifying vulnerable households through community input to ensure accountability.
The WFP said it will strengthen commodity tracking and monitoring mechanisms to address potential issues promptly. The agency plans to scale up operations across drought- and conflict-affected areas to reach over three million people. The resumption of aid follows successful test distributions in the #Tigray region.
The US Agency for International Development (#USAID) also announced the reinstatement of essential food assistance in Ethiopia, acknowledging comprehensive reforms implemented by the government and humanitarian partners.
https://addisstandard.com/news-wfp-implements-new-strategy-to-resume-aid-in-ethiopia-after-months-of-suspension/
The United Nations World Food Programme (WFP) has introduced a new strategy in Ethiopia to resume food assistance for 3.2 million people who have been without aid since June 2023. The revised approach emphasizes transparency, evidence-based targeting, and independent oversight. It involves digitally registering and verifying vulnerable households through community input to ensure accountability.
The WFP said it will strengthen commodity tracking and monitoring mechanisms to address potential issues promptly. The agency plans to scale up operations across drought- and conflict-affected areas to reach over three million people. The resumption of aid follows successful test distributions in the #Tigray region.
The US Agency for International Development (#USAID) also announced the reinstatement of essential food assistance in Ethiopia, acknowledging comprehensive reforms implemented by the government and humanitarian partners.
https://addisstandard.com/news-wfp-implements-new-strategy-to-resume-aid-in-ethiopia-after-months-of-suspension/
The United Nations World Food Programme (WFP) has introduced a new strategy in Ethiopia to resume food assistance for 3.2 million people who have been without aid since June 2023. The revised approach emphasizes transparency, evidence-based targeting, and independent oversight. It involves digitally registering and verifying vulnerable households through community input to ensure accountability.
The WFP said it will strengthen commodity tracking and monitoring mechanisms to address potential issues promptly. The agency plans to scale up operations across drought- and conflict-affected areas to reach over three million people. The resumption of aid follows successful test distributions in the #Tigray region.
The US Agency for International Development (#USAID) also announced the reinstatement of essential food assistance in Ethiopia, acknowledging comprehensive reforms implemented by the government and humanitarian partners.
https://addisstandard.com/news-wfp-implements-new-strategy-to-resume-aid-in-ethiopia-after-months-of-suspension/
The United Nations World Food Programme (WFP) has introduced a new strategy in Ethiopia to resume food assistance for 3.2 million people who have been without aid since June 2023. The revised approach emphasizes transparency, evidence-based targeting, and independent oversight. It involves digitally registering and verifying vulnerable households through community input to ensure accountability.
The WFP said it will strengthen commodity tracking and monitoring mechanisms to address potential issues promptly. The agency plans to scale up operations across drought- and conflict-affected areas to reach over three million people. The resumption of aid follows successful test distributions in the #Tigray region.
The US Agency for International Development (#USAID) also announced the reinstatement of essential food assistance in Ethiopia, acknowledging comprehensive reforms implemented by the government and humanitarian partners.
https://addisstandard.com/news-wfp-implements-new-strategy-to-resume-aid-in-ethiopia-after-months-of-suspension/
Addis Standard
News: WFP implements new strategy to resume aid in Ethiopia after months of suspension - Addis Standard
News: WFP implements new strategy to resume aid in Ethiopia after months of suspension Addis Standard Social Affairs -
#Ethiopia's Kidus Asfaw becomes one of the 2023 #TIME100Climate list
Kidus Asfaw is co-founder and CEO of #Kubik. His #Africa-based startup transforms plastic waste into low-carbon construction materials that are cheaper and faster to build with than cement, offering a sustainable and speedy solution to housing shortages as Africa’s population grows.
He told Time Magazine: "We need to prioritize the role of cities in advancing the climate agenda; 70% of us will be living in a city by 2050. The way we build, move, consume, and waste can only change if we enable cities to drive policies and innovations towards cleaner and economical ways of living. Africa provides the largest opportunity to drive such change. It is the fastest growing (and urbanizing) continent. If we invest, support municipalities and attract cleantech businesses towards this exciting continent, I believe some of the most globally relevant innovations will come from here."
Find out why Kidus Asfaw made the list of the 2023 TIME100 Climate list https://ti.me/49BQbjP
Kidus Asfaw is co-founder and CEO of #Kubik. His #Africa-based startup transforms plastic waste into low-carbon construction materials that are cheaper and faster to build with than cement, offering a sustainable and speedy solution to housing shortages as Africa’s population grows.
He told Time Magazine: "We need to prioritize the role of cities in advancing the climate agenda; 70% of us will be living in a city by 2050. The way we build, move, consume, and waste can only change if we enable cities to drive policies and innovations towards cleaner and economical ways of living. Africa provides the largest opportunity to drive such change. It is the fastest growing (and urbanizing) continent. If we invest, support municipalities and attract cleantech businesses towards this exciting continent, I believe some of the most globally relevant innovations will come from here."
Find out why Kidus Asfaw made the list of the 2023 TIME100 Climate list https://ti.me/49BQbjP
Time
Kidus Asfaw
Find out why Kidus Asfaw made the 2023 TIME100 Climate list
News: Flood kills 33 people in #Somali region, causes unprecedented crisis across #Ethiopia
Ethiopia is currently grappling with an unprecedented crisis caused by heavy rains and floods, affecting a staggering 760,000 people. The Somali region has experienced the loss of 33 lives, with over 611,000 individuals in need of urgent assistance.
In the #Dasenech district, 65% of the land has succumbed to flooding, adding to the challenges faced by response teams. #Oromia and #Afar regions are also severely affected, with displacement of households and limited capacity for an effective response.
In the Horn of #Africa, flash floods have claimed the lives of 111 people, including 16 children. Save the Children reports ongoing heavy rainfall, flooding, and displacement in different regions of Ethiopia, including #Kenya.
https://addisstandard.com/news-flood-kills-33-people-in-somali-region-causes-unprecedented-crisis-across-ethiopia/
Ethiopia is currently grappling with an unprecedented crisis caused by heavy rains and floods, affecting a staggering 760,000 people. The Somali region has experienced the loss of 33 lives, with over 611,000 individuals in need of urgent assistance.
In the #Dasenech district, 65% of the land has succumbed to flooding, adding to the challenges faced by response teams. #Oromia and #Afar regions are also severely affected, with displacement of households and limited capacity for an effective response.
In the Horn of #Africa, flash floods have claimed the lives of 111 people, including 16 children. Save the Children reports ongoing heavy rainfall, flooding, and displacement in different regions of Ethiopia, including #Kenya.
https://addisstandard.com/news-flood-kills-33-people-in-somali-region-causes-unprecedented-crisis-across-ethiopia/
Addis Standard
News: Flood kills 33 people in Somali region, causes unprecedented crisis across Ethiopia - Addis Standard
A startling 65% of the land area in the Somali region’s Dasenech district has been inundated, making emergency teams’ tasks more difficult (Photo: Somali Fast Info/Facebook) Addis Abeba – Ethiopia is currently facing an unprecedented crisis as an alarming…
#Ethiopia: Crisis Group urges Ethiopian gov’t to engage in negotiations to resolve escalating conflict in #Amhara region
A recent report by the #International_Crisis_Group urges the Ethiopian government to initiate peace negotiations to resolve the escalating conflict in the Amhara region. The group highlights the significant security threat posed by an armed insurgency in the region. To tackle the underlying grievances fueling the conflict, authorities are called upon to directly address the issue.
The report stated that the conflict in the Amhara region stems from grievances among Ethiopia's major ethnic groups, which Prime Minister Abiy Ahmed has struggled to address since taking office in 2018. The conflict in Amhara further complicates ongoing crises in other regions, including #Oromia and #Tigray. Relations with Eritrea are also deteriorating due to a dispute over port access.
The report emphasizes the need for both short-term and long-term strategies to effectively address these challenges.
https://addisstandard.com/news-crisis-group-urges-ethiopian-govt-to-engage-in-negotiations-to-resolve-escalating-conflict-in-amhara-region/
A recent report by the #International_Crisis_Group urges the Ethiopian government to initiate peace negotiations to resolve the escalating conflict in the Amhara region. The group highlights the significant security threat posed by an armed insurgency in the region. To tackle the underlying grievances fueling the conflict, authorities are called upon to directly address the issue.
The report stated that the conflict in the Amhara region stems from grievances among Ethiopia's major ethnic groups, which Prime Minister Abiy Ahmed has struggled to address since taking office in 2018. The conflict in Amhara further complicates ongoing crises in other regions, including #Oromia and #Tigray. Relations with Eritrea are also deteriorating due to a dispute over port access.
The report emphasizes the need for both short-term and long-term strategies to effectively address these challenges.
https://addisstandard.com/news-crisis-group-urges-ethiopian-govt-to-engage-in-negotiations-to-resolve-escalating-conflict-in-amhara-region/
Addis Standard
News: Crisis Group urges Ethiopian gov't to engage in negotiations to resolve escalating conflict in Amhara region - Addis Standard
An armed insurgency that has surfaced in the Amhara region poses a substantial security threat to the Ethiopian government, according to the International Crisis Group (Photo: aa.com.tr) Addis Abeba – A recent report from the International Crisis Group has…