#Somalia joins regional East African Community (#EAC)
Neighboring state Somalia has become the latest to join the seven-member East African Community (EAC), which was confirmed at the ongoing 23rd Ordinary Summit of the EAC Heads of State.
"The EAC Summit of Heads of State admits the Federal Republic of Somalia as the 8th Member of the EAC in accordance with Article 3 of the Treaty for the Establishment of the EAC," the east African trade bloc said.
“The Somali people are honored to be part of the EAC. This is a beacon of hope for us. Hope for a future of opportunities and prosperity for Somalia, through regional integration,”Somalia's President Hassan Sheikh Mohamud said in his speech after his country becomes the latest to join the regional trade bloc.
So far, EAC was comprised of seven partner states: Democratic Republic of the Congo (#DRC), #Burundi, #Kenya, #Rwanda, #South_Sudan, #Uganda and #Tanzania. AS
Neighboring state Somalia has become the latest to join the seven-member East African Community (EAC), which was confirmed at the ongoing 23rd Ordinary Summit of the EAC Heads of State.
"The EAC Summit of Heads of State admits the Federal Republic of Somalia as the 8th Member of the EAC in accordance with Article 3 of the Treaty for the Establishment of the EAC," the east African trade bloc said.
“The Somali people are honored to be part of the EAC. This is a beacon of hope for us. Hope for a future of opportunities and prosperity for Somalia, through regional integration,”Somalia's President Hassan Sheikh Mohamud said in his speech after his country becomes the latest to join the regional trade bloc.
So far, EAC was comprised of seven partner states: Democratic Republic of the Congo (#DRC), #Burundi, #Kenya, #Rwanda, #South_Sudan, #Uganda and #Tanzania. AS
#Ethiopia: #WHO Ethiopia and the Health Cluster are delivering the last mile in #Amhara
The World Health Organization (WHO) said it has achieved last mile delivery of 17, 8797 metric tons of emergency drug kits for over 95,000 vulnerable people conflict ravaged Amhara region.
Several organizations including the Red Cross and the Ethiopian Pharmaceutical Supply Service Agency have been reporting disruption of vital medical supplies over the past weeks due to continued clashes.
WHO said emergency supplies for Cholera, Malaria and conflict related casualties’ management have been on the road for over a week and drivers never really had the certainty to reach their destination safely.
Read more: https://twitter.com/addisstandard/status/1728301875487735998
The World Health Organization (WHO) said it has achieved last mile delivery of 17, 8797 metric tons of emergency drug kits for over 95,000 vulnerable people conflict ravaged Amhara region.
Several organizations including the Red Cross and the Ethiopian Pharmaceutical Supply Service Agency have been reporting disruption of vital medical supplies over the past weeks due to continued clashes.
WHO said emergency supplies for Cholera, Malaria and conflict related casualties’ management have been on the road for over a week and drivers never really had the certainty to reach their destination safely.
Read more: https://twitter.com/addisstandard/status/1728301875487735998
#Ethiopia's drought-stricken #Tigray region records over 40 hunger deaths
*#Irish ambassador emphasizes need for food support to internally displaced persons in war-ravaged Tigray
***
Ethiopia's northern Tigray region reported 46 deaths from hunger Thursday as it grappled with a drought.
In a statement to local media, Tigray’s Disaster Risk Management office confirmed the deaths, noting there are also reports of isolated cases in various parts of Tigray.
#Ireland’s Ambassador to Ethiopia, Nicola Brennan, visited the region on Thursday, where she underscored the urgent need for humanitarian aid, particularly focusing on providing essential sustenance to internally displaced persons (IDPs) who have endured the brunt of the prolonged civil conflict.
"We witnessed the conditions that they are living in and the challenges that they are facing. The IDPs are in a very difficult situation because their needs are great in terms of shelter and in terms of food support," she said.
"With the IDPs in particular, their critical need at the moment is food, and that was one of their key requests. It was more food availability and distribution, and we are pleased to know food aid distribution in Tigray will begin again soon," added Brennan, who was speaking to reporters after a meeting with Tigray's interim President Getachew Reda.
https://www.aa.com.tr/en/africa/ethiopias-drought-stricken-tigray-region-records-over-40-hunger-deaths/3063215
*#Irish ambassador emphasizes need for food support to internally displaced persons in war-ravaged Tigray
***
Ethiopia's northern Tigray region reported 46 deaths from hunger Thursday as it grappled with a drought.
In a statement to local media, Tigray’s Disaster Risk Management office confirmed the deaths, noting there are also reports of isolated cases in various parts of Tigray.
#Ireland’s Ambassador to Ethiopia, Nicola Brennan, visited the region on Thursday, where she underscored the urgent need for humanitarian aid, particularly focusing on providing essential sustenance to internally displaced persons (IDPs) who have endured the brunt of the prolonged civil conflict.
"We witnessed the conditions that they are living in and the challenges that they are facing. The IDPs are in a very difficult situation because their needs are great in terms of shelter and in terms of food support," she said.
"With the IDPs in particular, their critical need at the moment is food, and that was one of their key requests. It was more food availability and distribution, and we are pleased to know food aid distribution in Tigray will begin again soon," added Brennan, who was speaking to reporters after a meeting with Tigray's interim President Getachew Reda.
https://www.aa.com.tr/en/africa/ethiopias-drought-stricken-tigray-region-records-over-40-hunger-deaths/3063215
Anadolu Agency
Ethiopia's drought-stricken Tigray region records over 40 hunger deaths
Irish ambassador emphasizes need for food support to internally displaced persons in war-ravaged Tigray
#Ethiopia: Armed group renews commitment to negotiation amid escalating hostilities across #Oromia
The Oromo Liberation Army (OLA) expressed commitment to peace and dialogue after the collapse of the second round of talks between the armed group and Ethiopian government earlier this week.
Reports of escalating hostilities including drone strikes have emerged following the conclusion of the talks without agreement.
OLA’s latest expression of commitment to peace came in the backdrop of calls for the continuation of efforts to resolve the five-year long conflict in Oromia through negotiations.
https://addisstandard.com/asdailyscoop-armed-group-renews-commitment-to-negotiation-amid-escalating-hostilities-across-oromia/
The Oromo Liberation Army (OLA) expressed commitment to peace and dialogue after the collapse of the second round of talks between the armed group and Ethiopian government earlier this week.
Reports of escalating hostilities including drone strikes have emerged following the conclusion of the talks without agreement.
OLA’s latest expression of commitment to peace came in the backdrop of calls for the continuation of efforts to resolve the five-year long conflict in Oromia through negotiations.
https://addisstandard.com/asdailyscoop-armed-group-renews-commitment-to-negotiation-amid-escalating-hostilities-across-oromia/
Addis Standard
#ASDailyScoop: Armed group renews commitment to negotiation amid escalating hostilities across Oromia - Addis Standard
Two rounds of talks held in Tanzania between the armed group OLA and the Ethiopian government ended without any agreement (Photo:Social Media) Addis Abeba – The Oromo Liberation Army (OLA) through its spokesperson Odaa Tarbii expressed its “unwavering commitment”…
#Op-Ed: From nonviolent social movements to armed conflicts: How #Abiy’s rule pushed youths from the city to the bush in #Amhara and #Oromia
Underlying the ongoing armed insurgencies and violent conflicts both in Oromia and Amhara regions, is a wave of polarized politics caused by the incumbent PM, argues Milkessa Gemechu.
The PM systematically sidelined the democratization demands of the two most popular youth movements that ascended him to power in 2018, and chose to crackdown against the movements one after the other, forcing the youths to consider as the last resort, armed insurgency, he writes.
The author further explains how the birth of the Prosperity Party in 2019, was instrumental for PM Abiy to break the mighty alliance between the Oromo youths (Qeerroo) and Amhara youths (Fanno).
https://addisstandard.com/op-ed-from-nonviolent-social-movements-to-armed-conflicts-how-abiys-rule-pushed-youths-from-the-city-to-the-bush-in-amhara-and-oromia/
Underlying the ongoing armed insurgencies and violent conflicts both in Oromia and Amhara regions, is a wave of polarized politics caused by the incumbent PM, argues Milkessa Gemechu.
The PM systematically sidelined the democratization demands of the two most popular youth movements that ascended him to power in 2018, and chose to crackdown against the movements one after the other, forcing the youths to consider as the last resort, armed insurgency, he writes.
The author further explains how the birth of the Prosperity Party in 2019, was instrumental for PM Abiy to break the mighty alliance between the Oromo youths (Qeerroo) and Amhara youths (Fanno).
https://addisstandard.com/op-ed-from-nonviolent-social-movements-to-armed-conflicts-how-abiys-rule-pushed-youths-from-the-city-to-the-bush-in-amhara-and-oromia/
Addis Standard
Op-Ed: From nonviolent social movements to armed conflicts: How Abiy’s rule pushed youths from the city to the bush in Amhara and…
Op-Ed: From nonviolent social movements to armed conflicts: How Abiy’s rule pushed youths from the city to the bush in Amhara and Oromia Addis Standard Politics -
#Ethiopia grants #education opportunities for 168,000 #Refugees
The Ministry of Education, in cooperation with humanitarian and development organizations, has provided education opportunities for 168, 269 refugee students across the country.
The students have been enrolled in 65 pre-primary, 53 primary and 11 secondary schools, and upon completing 12th grade, students who scored entrance marks will be allowed to join universities, according to the Ethiopian Press Agency.
The ministry said the refugee students are attending schools near their camps with students from the host community whereas, pupils from the host community also attend schools built for refugees, which created an opportunity for them to experience language and cultural exchange, as well as foster solidarity.
Ethiopia is home to an estimated 927, 300 refugees most of whom are from Sudan, South Sudan, Somalia, Eritrea and a few from other countries.
Photo: UNICEF
https://press.et/?p=114423
The Ministry of Education, in cooperation with humanitarian and development organizations, has provided education opportunities for 168, 269 refugee students across the country.
The students have been enrolled in 65 pre-primary, 53 primary and 11 secondary schools, and upon completing 12th grade, students who scored entrance marks will be allowed to join universities, according to the Ethiopian Press Agency.
The ministry said the refugee students are attending schools near their camps with students from the host community whereas, pupils from the host community also attend schools built for refugees, which created an opportunity for them to experience language and cultural exchange, as well as foster solidarity.
Ethiopia is home to an estimated 927, 300 refugees most of whom are from Sudan, South Sudan, Somalia, Eritrea and a few from other countries.
Photo: UNICEF
https://press.et/?p=114423
#Eritrea-Sudan: President Isaias Afwerki holds discussions with #Sudan's President Abdel-Fattah al-Burhan
According to the #Eritrean Ministry of Information, President Isaias Afwerki of Eritrea met with General Abdel-Fattah al-Burhan, the President of Sudan's Sovereign Council, yesterday. The meeting, held in Asmara, focused on strengthening bilateral relations and discussing regional developments of mutual importance.
General al-Burhan had arrived in #Asmara for a one-day working visit and received a warm welcome from President Afwerki at the Asmara International Airport. The Sudanese delegation included Ambassador Ali al-Sadiq, Sudan's Minister of Foreign Affairs, along with other senior officials. Eritrea's Minister of Foreign Affairs, Osman Saleh, also attended the meeting.
According to the #Eritrean Ministry of Information, President Isaias Afwerki of Eritrea met with General Abdel-Fattah al-Burhan, the President of Sudan's Sovereign Council, yesterday. The meeting, held in Asmara, focused on strengthening bilateral relations and discussing regional developments of mutual importance.
General al-Burhan had arrived in #Asmara for a one-day working visit and received a warm welcome from President Afwerki at the Asmara International Airport. The Sudanese delegation included Ambassador Ali al-Sadiq, Sudan's Minister of Foreign Affairs, along with other senior officials. Eritrea's Minister of Foreign Affairs, Osman Saleh, also attended the meeting.
#Ethiopia: Human Bridge provides over 15 million birr worth of medical supplies to #Ataye Hospital
Local humanitarian organization, #Human_Bridge, has extended its support to Ataye Hospital in the #Amhara region by providing it with medical supplies valued at more than 15 million birr. The aid package consists of over 50 essential resources, including laboratory and ultrasound equipment.
Wesen Asafw, the manager of Ataye Hospital, acknowledged the positive impact of the recent assistance and emphasized that the facility still requires further medical supplies. Asafw appealed to potential partners to lend their support to bridge the existing gaps.
Last week, Addis Standard reported on the severity of the consequences, highlighting acute shortages of medical provisions in hospitals throughout the Amhara region.
Please follow the link to read the full article.
https://addisstandard.com/news-clashes-disrupt-vital-medical-supplies-in-amhara-region-leaving-hospitals-in-distress/
Local humanitarian organization, #Human_Bridge, has extended its support to Ataye Hospital in the #Amhara region by providing it with medical supplies valued at more than 15 million birr. The aid package consists of over 50 essential resources, including laboratory and ultrasound equipment.
Wesen Asafw, the manager of Ataye Hospital, acknowledged the positive impact of the recent assistance and emphasized that the facility still requires further medical supplies. Asafw appealed to potential partners to lend their support to bridge the existing gaps.
Last week, Addis Standard reported on the severity of the consequences, highlighting acute shortages of medical provisions in hospitals throughout the Amhara region.
Please follow the link to read the full article.
https://addisstandard.com/news-clashes-disrupt-vital-medical-supplies-in-amhara-region-leaving-hospitals-in-distress/
Raped during #Ethiopia’s war, survivors now rejected by their families
Shila, a survivor of sexual enslavement during Ethiopia's civil war, gave birth to a son fathered by an attacker. After three years, her husband returned, and she feared he would reject her. Like her, more than 100,000 women may have been raped during the conflict, and countless women who gave birth as a result are struggling with a hidden agony, often ostracized by their families.
A survey of over 5,000 women in #Tigray found that nearly 8% said they had been raped, with more than two-thirds reporting gang rape. Many women are rejected by their husbands and families, and some are even told by religious leaders that they were raped because God did not love them.
https://www.washingtonpost.com/world/2023/11/26/ethiopia-tigray-rape-survivors-stigma/
Shila, a survivor of sexual enslavement during Ethiopia's civil war, gave birth to a son fathered by an attacker. After three years, her husband returned, and she feared he would reject her. Like her, more than 100,000 women may have been raped during the conflict, and countless women who gave birth as a result are struggling with a hidden agony, often ostracized by their families.
A survey of over 5,000 women in #Tigray found that nearly 8% said they had been raped, with more than two-thirds reporting gang rape. Many women are rejected by their husbands and families, and some are even told by religious leaders that they were raped because God did not love them.
https://www.washingtonpost.com/world/2023/11/26/ethiopia-tigray-rape-survivors-stigma/
Subsidiary of #Egypt-listed mining #ASCOM sells stake in #gold project in #Ethiopia for around $100 mln
APM Investment Holdings, a subsidiary of the Egyptian ASEC Company for Mining (ASCOM), sold 35 percent of its share in #Kurmuk Gold Project in Ethiopia to Allied Gold Corporation (AGC), a #Canadian company, for a total of $99.6 million, according to a bourse filing on Sunday.
The deal’s value includes issuing 11.5 million shares for APM in AGC with a total market value of $34.6 million.
AGC will also pay $65 million to APM in three installments starting on 30 September 2024.
In 2017, ASCOM, which is a private company, sold 64.46 percent of its shares in Ethiopian subsidiary APM Ethiopia to AGC for $14.5 million. https://english.ahram.org.eg/News/512921.aspx
APM Investment Holdings, a subsidiary of the Egyptian ASEC Company for Mining (ASCOM), sold 35 percent of its share in #Kurmuk Gold Project in Ethiopia to Allied Gold Corporation (AGC), a #Canadian company, for a total of $99.6 million, according to a bourse filing on Sunday.
The deal’s value includes issuing 11.5 million shares for APM in AGC with a total market value of $34.6 million.
AGC will also pay $65 million to APM in three installments starting on 30 September 2024.
In 2017, ASCOM, which is a private company, sold 64.46 percent of its shares in Ethiopian subsidiary APM Ethiopia to AGC for $14.5 million. https://english.ahram.org.eg/News/512921.aspx
#Ethiopia: National Movement of Amhara calls for peace talks amid ongoing conflict in #Amhara region
The National Movement of Amhara (#NaMA) has called for peace talks in the ongoing conflict in the Amhara region. The party urged the government to address the demands of the Amhara people, declare a ceasefire, and engage in inclusive negotiations involving religious leaders, elders, and scholars. NaMA also emphasized the need for an impartial investigation into human rights violations during the conflict.
The #UN Office of High Commissioner for Human Rights (#OHCHR) reported drone strikes by Ethiopian government forces resulting in civilian deaths, raising concerns about human rights abuses. The International Crisis Group also called for peace talks to address the escalating conflict.
However, the Ethiopian National Defense Force (#ENDF) announced that some "anti-peace forces" in the Amhara region had surrendered, signaling a shift towards peace and stability. The call for peace talks continues amidst ongoing clashes and security concerns.
https://addisstandard.com/news-national-movement-of-amhara-calls-for-peace-talks-amid-ongoing-conflict-in-amhara-region/
The National Movement of Amhara (#NaMA) has called for peace talks in the ongoing conflict in the Amhara region. The party urged the government to address the demands of the Amhara people, declare a ceasefire, and engage in inclusive negotiations involving religious leaders, elders, and scholars. NaMA also emphasized the need for an impartial investigation into human rights violations during the conflict.
The #UN Office of High Commissioner for Human Rights (#OHCHR) reported drone strikes by Ethiopian government forces resulting in civilian deaths, raising concerns about human rights abuses. The International Crisis Group also called for peace talks to address the escalating conflict.
However, the Ethiopian National Defense Force (#ENDF) announced that some "anti-peace forces" in the Amhara region had surrendered, signaling a shift towards peace and stability. The call for peace talks continues amidst ongoing clashes and security concerns.
https://addisstandard.com/news-national-movement-of-amhara-calls-for-peace-talks-amid-ongoing-conflict-in-amhara-region/
Addis Standard
News: National Movement of Amhara calls for peace talks amid ongoing conflict in Amhara region - Addis Standard
The leader of NaMA, Belete Molla (PhD) is the current Ethiopian minister of Innovation and Technology (Photo:Nama/Facebook) Addis Abeba – The National Movement of Amhara (NaMA) has issued an appeal to the government to engage in peace talks regarding the…
#Ethiopia finalizes banking liberalization rules as foreign currency challenges mount
Outside investors have long eyed opportunities in Ethiopia - Africa’s second-most populous country - especially within its financial sector. Mamo Mihretu, governor of the National Bank of Ethiopia, speaks with John Everington about progress on the country’s debt restructuring talks, the fight against inflation and plans to encourage foreign investment in the country.
Excerpts:
Q: Ethiopia has suffered from hard currency shortages for a while now. How are foreign currency reserves at the moment?
A: We are comfortable, and the recent announcement of debt-service suspension will help. We’re working to support export-oriented companies as well as foreign direct investment by relaxing regulations; we are also re-engaging with multiple external partners. In any case, we’re more or less current on our debt servicing obligations, and the program we’re hoping to agree with the #IMF will help even further in building up our foreign exchange reserves.
Read the full Interview here: #Ethiopia finalizes banking liberalization rules as foreign currency challenges mount
Outside investors have long eyed opportunities in Ethiopia - Africa’s second-most populous country - especially within its financial sector. Mamo Mihretu, governor of the National Bank of Ethiopia, speaks with John Everington about progress on the country’s debt restructuring talks, the fight against inflation and plans to encourage foreign investment in the country.
Excerpts:
Q: Ethiopia has suffered from hard currency shortages for a while now. How are foreign currency reserves at the moment?
A: We are comfortable, and the recent announcement of debt-service suspension will help. We’re working to support export-oriented companies as well as foreign direct investment by relaxing regulations; we are also re-engaging with multiple external partners. In any case, we’re more or less current on our debt servicing obligations, and the program we’re hoping to agree with the #IMF will help even further in building up our foreign exchange reserves.
Read the full Interview here: #Ethiopia finalizes banking liberalization rules as foreign currency challenges mount
Outside investors have long eyed opportunities in Ethiopia - Africa’s second-most populous country - especially within its financial sector. Mamo Mihretu, governor of the National Bank of Ethiopia, speaks with John Everington about progress on the country’s debt restructuring talks, the fight against inflation and plans to encourage foreign investment in the country.
Excerpts:
Q: Ethiopia has suffered from hard currency shortages for a while now. How are foreign currency reserves at the moment?
A: We are comfortable, and the recent announcement of debt-service suspension will help. We’re working to support export-oriented companies as well as foreign direct investment by relaxing regulations; we are also re-engaging with multiple external partners. In any case, we’re more or less current on our debt servicing obligations, and the program we’re hoping to agree with the #IMF will help even further in building up our foreign exchange reserves.
Read the full Interview here: https://www.thebanker.com/Ethiopia-finalises-banking-liberalisation-rules-as-foreign-currency-challenges-mount-1701086206
Outside investors have long eyed opportunities in Ethiopia - Africa’s second-most populous country - especially within its financial sector. Mamo Mihretu, governor of the National Bank of Ethiopia, speaks with John Everington about progress on the country’s debt restructuring talks, the fight against inflation and plans to encourage foreign investment in the country.
Excerpts:
Q: Ethiopia has suffered from hard currency shortages for a while now. How are foreign currency reserves at the moment?
A: We are comfortable, and the recent announcement of debt-service suspension will help. We’re working to support export-oriented companies as well as foreign direct investment by relaxing regulations; we are also re-engaging with multiple external partners. In any case, we’re more or less current on our debt servicing obligations, and the program we’re hoping to agree with the #IMF will help even further in building up our foreign exchange reserves.
Read the full Interview here: #Ethiopia finalizes banking liberalization rules as foreign currency challenges mount
Outside investors have long eyed opportunities in Ethiopia - Africa’s second-most populous country - especially within its financial sector. Mamo Mihretu, governor of the National Bank of Ethiopia, speaks with John Everington about progress on the country’s debt restructuring talks, the fight against inflation and plans to encourage foreign investment in the country.
Excerpts:
Q: Ethiopia has suffered from hard currency shortages for a while now. How are foreign currency reserves at the moment?
A: We are comfortable, and the recent announcement of debt-service suspension will help. We’re working to support export-oriented companies as well as foreign direct investment by relaxing regulations; we are also re-engaging with multiple external partners. In any case, we’re more or less current on our debt servicing obligations, and the program we’re hoping to agree with the #IMF will help even further in building up our foreign exchange reserves.
Read the full Interview here: #Ethiopia finalizes banking liberalization rules as foreign currency challenges mount
Outside investors have long eyed opportunities in Ethiopia - Africa’s second-most populous country - especially within its financial sector. Mamo Mihretu, governor of the National Bank of Ethiopia, speaks with John Everington about progress on the country’s debt restructuring talks, the fight against inflation and plans to encourage foreign investment in the country.
Excerpts:
Q: Ethiopia has suffered from hard currency shortages for a while now. How are foreign currency reserves at the moment?
A: We are comfortable, and the recent announcement of debt-service suspension will help. We’re working to support export-oriented companies as well as foreign direct investment by relaxing regulations; we are also re-engaging with multiple external partners. In any case, we’re more or less current on our debt servicing obligations, and the program we’re hoping to agree with the #IMF will help even further in building up our foreign exchange reserves.
Read the full Interview here: https://www.thebanker.com/Ethiopia-finalises-banking-liberalisation-rules-as-foreign-currency-challenges-mount-1701086206
Thebanker
Ethiopia finalises banking liberalisation rules as foreign currency challenges mount
Mamo Mihretu, governor of the National Bank of Ethiopia, talks about progress on the country’s debt restructuring talks, the fight against inflation and plans to encourage foreign investment in the country.
#Ethiopia deploys #Navy members to combat flooding in severely affected eastern part
Addis Abeba - Members of Ethiopian Navy have been deployed to the eastern part of the country to help in preventing the damages of ongoing flooding following recent heavy rains.
More than 30 people were recently killed by floodings in the #Somali regional state alone.
According to Ethiopian National Defense Forces (#ENDF) the Ethiopian Navy accepted the request for the deployment of its members and deployed the forces some 1,250 kilometers away from the headquarters where they were welcomed by Ethiopian Disaster Risk Management Commission Commissioner, Amb. Shiferaw Teklemariam and Brigadier General Teshome Yimer, Commander of the Corps.
Read more at: https://x.com/addisstandard/status/1729123182056022160?s=20
Addis Abeba - Members of Ethiopian Navy have been deployed to the eastern part of the country to help in preventing the damages of ongoing flooding following recent heavy rains.
More than 30 people were recently killed by floodings in the #Somali regional state alone.
According to Ethiopian National Defense Forces (#ENDF) the Ethiopian Navy accepted the request for the deployment of its members and deployed the forces some 1,250 kilometers away from the headquarters where they were welcomed by Ethiopian Disaster Risk Management Commission Commissioner, Amb. Shiferaw Teklemariam and Brigadier General Teshome Yimer, Commander of the Corps.
Read more at: https://x.com/addisstandard/status/1729123182056022160?s=20
#Ethiopia: Akobo Minerals hits gold ore body at #Segele mine in #Gambella, set to start pilot production
#Akobo_Minerals has announced a major milestone in its history with the discovery of a gold ore body at the Segele mine in Gambella region after 13 years of exploration.
The Scandinavian-based Ethiopian gold exploration and boutique mining company revealed that the mine has one of the world's highest concentrations of gold resources, with an average grade of 22.7 grams of gold per ton of ore.
The company is set to begin production from the pilot plant and commission the main plant soon. CEO Jørgen Evjen described the discovery as a significant moment for the organization and its supporters. In March, the company also intersected visible gold at 282 meters vertical depth. This achievement marks Akobo Minerals as one of the few mining companies to successfully transition from exploration to mining.
https://addisstandard.com/news-akobo-minerals-hits-gold-ore-body-at-segele-mine-in-gambella-set-to-start-pilot-production/
#Akobo_Minerals has announced a major milestone in its history with the discovery of a gold ore body at the Segele mine in Gambella region after 13 years of exploration.
The Scandinavian-based Ethiopian gold exploration and boutique mining company revealed that the mine has one of the world's highest concentrations of gold resources, with an average grade of 22.7 grams of gold per ton of ore.
The company is set to begin production from the pilot plant and commission the main plant soon. CEO Jørgen Evjen described the discovery as a significant moment for the organization and its supporters. In March, the company also intersected visible gold at 282 meters vertical depth. This achievement marks Akobo Minerals as one of the few mining companies to successfully transition from exploration to mining.
https://addisstandard.com/news-akobo-minerals-hits-gold-ore-body-at-segele-mine-in-gambella-set-to-start-pilot-production/
Addis Standard
News: Akobo Minerals hits gold ore body at Segele mine in Gambella, set to start pilot production - Addis Standard
News: Akobo Minerals hits gold ore body at Segele mine in Gambella, set to start pilot production Addis Standard Business -
#Kenya: The Kenyan government is selling stakes in 11 state-owned enterprises, kick-starting a privatization program that stalled 15 years ago
***
The government has rewritten its privatization law this year to accelerate the process as part of reforms agreed on with the International Monetary Fund. Proceeds from the sales will raise revenue for the cash-strapped government, while reducing the reliance of loss-making entities on the National Treasury.
The East African nation entered an IMF economic program in 2021 that will unlock about $4.4 billion of financing. It agreed on several reforms to improve macroeconomic stability and restore confidence and access to international bond markets.
President William Ruto announced last week his government would divest from 35 firms through the Nairobi Securities Exchange or outright sales. Advisers are also reviewing another 100 entities to determine how much the government should offload, he said.
“Privatization and restructuring is geared toward government’s efforts for fiscal consolidation and spurring economic development,” according to the Treasury statement. It didn’t provide the size of shareholdings that will be up for disposal.
https://www.bloomberg.com/news/articles/2023-11-27/kenya-revives-privatization-program-amid-imf-supported-reforms
***
The government has rewritten its privatization law this year to accelerate the process as part of reforms agreed on with the International Monetary Fund. Proceeds from the sales will raise revenue for the cash-strapped government, while reducing the reliance of loss-making entities on the National Treasury.
The East African nation entered an IMF economic program in 2021 that will unlock about $4.4 billion of financing. It agreed on several reforms to improve macroeconomic stability and restore confidence and access to international bond markets.
President William Ruto announced last week his government would divest from 35 firms through the Nairobi Securities Exchange or outright sales. Advisers are also reviewing another 100 entities to determine how much the government should offload, he said.
“Privatization and restructuring is geared toward government’s efforts for fiscal consolidation and spurring economic development,” according to the Treasury statement. It didn’t provide the size of shareholdings that will be up for disposal.
https://www.bloomberg.com/news/articles/2023-11-27/kenya-revives-privatization-program-amid-imf-supported-reforms
Bloomberg.com
Kenya Revives Privatization Program Amid IMF-Supported Reforms
The Kenyan government will sell stakes in 11 state-owned enterprises, kick-starting a privatization program that stalled after it offered investors shares in Safaricom Plc 15 years ago.
#Ethiopia: Ministry of Education sets course to grant autonomy to nine gov’t universities by 2025
At the 32nd educational congress underway in the capital city of the #Somali region, #Jigjiga City, Kora Tushine, the state minister of education, unveiled the government's plan to achieve autonomy for nine government universities within the next two years. The aim is to enhance the quality of higher education institutions, making them globally competitive in terms of technology and research.
After an interruption of 50 years, #Addis_Ababa_University became the first autonomous university in Ethiopia last year. This breakthrough decision led to the appointment of Professor Berhanu Nega, the Minister of Education, as the new Chancellor of the university by Prime Minister Abiy Ahmed.
At the 32nd educational congress underway in the capital city of the #Somali region, #Jigjiga City, Kora Tushine, the state minister of education, unveiled the government's plan to achieve autonomy for nine government universities within the next two years. The aim is to enhance the quality of higher education institutions, making them globally competitive in terms of technology and research.
After an interruption of 50 years, #Addis_Ababa_University became the first autonomous university in Ethiopia last year. This breakthrough decision led to the appointment of Professor Berhanu Nega, the Minister of Education, as the new Chancellor of the university by Prime Minister Abiy Ahmed.
#Ethiopia: #Orange withdraws from Ethio Telecom sale process
French operator group Orange has decided to withdraw from the process of acquiring a 45% stake in Ethiopia's state-owned operator #Ethio_Telecom. Citing existing market conditions that are not aligned with its strategy, Orange explained that it would not continue with its plan to acquire the stake in the Ethiopian business.
Orange had initially expressed interest in buying the minority stake in Ethio Telecom two years ago, but the government postponed the move due to economic conditions before reviving the plan. Bloomberg had reported that Orange and UAE-operator e& were considering separate bids for the stake.
While Ethiopia's government has been opening up the market to international players, Orange believes the current conditions do not support the rapid implementation of its strategy and the creation of value for the company.
https://www.mobileworldlive.com/orange/orange-withdraws-from-ethio-telecom-sale-process/
French operator group Orange has decided to withdraw from the process of acquiring a 45% stake in Ethiopia's state-owned operator #Ethio_Telecom. Citing existing market conditions that are not aligned with its strategy, Orange explained that it would not continue with its plan to acquire the stake in the Ethiopian business.
Orange had initially expressed interest in buying the minority stake in Ethio Telecom two years ago, but the government postponed the move due to economic conditions before reviving the plan. Bloomberg had reported that Orange and UAE-operator e& were considering separate bids for the stake.
While Ethiopia's government has been opening up the market to international players, Orange believes the current conditions do not support the rapid implementation of its strategy and the creation of value for the company.
https://www.mobileworldlive.com/orange/orange-withdraws-from-ethio-telecom-sale-process/
Mobile World Live
Orange withdraws from Ethio Telecom sale process
Orange Group opted to withdraw from a process to acquire a 45 per cent stake in Ethiopia’s state-owned operator Ethio Telecom.