#Ethiopia-#Somaliland MOU Discussed with Diplomatic Corps
The Ministry of Foreign Affairs reported that it conducted a briefing for the diplomatic community stationed in Addis Ababa on the Memorandum of Understanding (MoU) recently signed between the Government of Ethiopia and Somaliland.
During the briefing, Ambassador Redwan Hussain, National Security Adviser to the Prime Minister, outlined the MoU's capacity to broaden Ethiopia's maritime access, offering additional sea gate and port options. He stressed the significance of the agreement in reinforcing Ethiopia's commitment to regional peace and security.
Gedion Themotewos (PhD), Minister of Justice, detailed that the MoU extends beyond maritime access, encompassing a comprehensive framework for cooperation between Ethiopia and Somaliland in sectors such as trade, investment, technology, agriculture, and tourism.
Read more at: https://twitter.com/addisstandard/status/1742783310382629103?t=6whDeQv9XJKHiV3PpWhvKQ&s=19
The Ministry of Foreign Affairs reported that it conducted a briefing for the diplomatic community stationed in Addis Ababa on the Memorandum of Understanding (MoU) recently signed between the Government of Ethiopia and Somaliland.
During the briefing, Ambassador Redwan Hussain, National Security Adviser to the Prime Minister, outlined the MoU's capacity to broaden Ethiopia's maritime access, offering additional sea gate and port options. He stressed the significance of the agreement in reinforcing Ethiopia's commitment to regional peace and security.
Gedion Themotewos (PhD), Minister of Justice, detailed that the MoU extends beyond maritime access, encompassing a comprehensive framework for cooperation between Ethiopia and Somaliland in sectors such as trade, investment, technology, agriculture, and tourism.
Read more at: https://twitter.com/addisstandard/status/1742783310382629103?t=6whDeQv9XJKHiV3PpWhvKQ&s=19
#AUC Chairperson calls for calm, mutual respect to de-escalate “simmering tension” between #Ethiopia and #Somalia
The Chairperson of the Commission of the African Union, Moussa Faki Mahamat, said he has been “closely following the tension” from signing on Monday of #Ethiopia-#Somaliland Memorandum of Understanding (MoU).
The Chairperson “urged the two countries to refrain from any action that unintentionally may lead to a deterioration of the good relations between the two neighbouring Eastern African countries.”
“He stresses the imperative to respect unity, territorial integrity and full sovereignty of all African Union member states including Federal Republic of Somalia and Federal Democratic republic of Ethiopia,” the statement said.
Full statement: https://au.int/en/pressreleases/20230103/chairperson-commission-calls-mutual-respect-between-ethiopia-somalia
The Chairperson of the Commission of the African Union, Moussa Faki Mahamat, said he has been “closely following the tension” from signing on Monday of #Ethiopia-#Somaliland Memorandum of Understanding (MoU).
The Chairperson “urged the two countries to refrain from any action that unintentionally may lead to a deterioration of the good relations between the two neighbouring Eastern African countries.”
“He stresses the imperative to respect unity, territorial integrity and full sovereignty of all African Union member states including Federal Republic of Somalia and Federal Democratic republic of Ethiopia,” the statement said.
Full statement: https://au.int/en/pressreleases/20230103/chairperson-commission-calls-mutual-respect-between-ethiopia-somalia
#Kenya: President Ruto holds talks with #RSF leader Hemedti in #Nairobi
The leader of #Sudan's paramilitary Rapid Support Forces (RSF) held talks with President William Ruto of Kenya on Wednesday amid regional diplomatic efforts to try to forge a ceasefire in the war at home.
Kenya is the latest leg of Mohamed Hamdan Daglo's first trip abroad since the fierce fighting erupted between the RSF and the Sudanese army in mid-April.
President Ruto posted pictures on X of him meeting with Daglo, saying Kenya appreciated the commitment of the RSF and Daglo "in ending the conflict in Sudan through dialogue."
"The ongoing Intergovernmental Authority on Development (IGAD) talks should bring about a political settlement that would effect a lasting peace in the country," he added.
https://www.theeastafrican.co.ke/tea/news/east-africa/president-ruto-holds-talks-with-rsf-leader-hemedti-in-nairobi-4481676
The leader of #Sudan's paramilitary Rapid Support Forces (RSF) held talks with President William Ruto of Kenya on Wednesday amid regional diplomatic efforts to try to forge a ceasefire in the war at home.
Kenya is the latest leg of Mohamed Hamdan Daglo's first trip abroad since the fierce fighting erupted between the RSF and the Sudanese army in mid-April.
President Ruto posted pictures on X of him meeting with Daglo, saying Kenya appreciated the commitment of the RSF and Daglo "in ending the conflict in Sudan through dialogue."
"The ongoing Intergovernmental Authority on Development (IGAD) talks should bring about a political settlement that would effect a lasting peace in the country," he added.
https://www.theeastafrican.co.ke/tea/news/east-africa/president-ruto-holds-talks-with-rsf-leader-hemedti-in-nairobi-4481676
#US calls for dialogue to de-escalate tensions following #Ethiopia-#Somaliland MoU
The US State Department has called for diplomatic dialogue to de-escalate rising tensions in the Horn of Africa, following a "historic" memorandum of understanding (MoU) between Ethiopia and Somaliland. The agreement, granting Ethiopia sea access in exchange for international recognition for Somaliland, has raised concerns.
During a press briefing, State Department spokesperson Matthew Miller expressed the US's concern about the recent developments and the spike in tensions in the Horn of Africa. While acknowledging Somalia's sovereignty and territorial integrity within its 1960 borders, the spokesperson refrained from directly answering whether the US believes the deal should be rescinded. The spokesperson urged stakeholders to engage in dialogue instead.
The African Union (#AU), #IGAD, and the European Union (#EU) have all expressed concerns over the MoU between Ethiopia and Somaliland. The African Union Commission's Chairperson, Moussa Faki Mahamat, called for Ethiopia and Somalia to avoid actions that may harm their relations.
https://addisstandard.com/news-us-calls-for-dialogue-to-de-escalate-tensions-following-ethiopia-somaliland-mou/
The US State Department has called for diplomatic dialogue to de-escalate rising tensions in the Horn of Africa, following a "historic" memorandum of understanding (MoU) between Ethiopia and Somaliland. The agreement, granting Ethiopia sea access in exchange for international recognition for Somaliland, has raised concerns.
During a press briefing, State Department spokesperson Matthew Miller expressed the US's concern about the recent developments and the spike in tensions in the Horn of Africa. While acknowledging Somalia's sovereignty and territorial integrity within its 1960 borders, the spokesperson refrained from directly answering whether the US believes the deal should be rescinded. The spokesperson urged stakeholders to engage in dialogue instead.
The African Union (#AU), #IGAD, and the European Union (#EU) have all expressed concerns over the MoU between Ethiopia and Somaliland. The African Union Commission's Chairperson, Moussa Faki Mahamat, called for Ethiopia and Somalia to avoid actions that may harm their relations.
https://addisstandard.com/news-us-calls-for-dialogue-to-de-escalate-tensions-following-ethiopia-somaliland-mou/
Addis Standard
News: US calls for dialogue to de-escalate tensions following Ethiopia-Somaliland MoU - Addis Standard
News: US calls for dialogue to de-escalate tensions following Ethiopia-Somaliland MoU Addis Standard Politics -
#Ethiopian Immigration and Citizenship Service Calls for Documentation Rectification
The Ethiopian Immigration and citizenship Service (#ICS) has urged all foreign nationals and Ethiopians residing in the country without proper documentation to rectify their residency status. the call to legalize documents comes amid concerns over the number of individuals living in the country with either fraudulent or no residence documents.
Selamawit Dawit, Director General of Immigration and Citizenship Service, disclosed in a statement a significant number of individuals residing in Ethiopia without legal documentation. Many foreign nationals have been identified possessing forged permanent and temporary residence permits, passports, visas, and other documents, residing in various regions of the country. The director revealed findings from an investigation, citing over 18,000 fake temporary residence permits, more than 1,500 fake visas, and over 1,800 Ethiopian-born citizens lacking proper documentation.
The Ethiopian Immigration and citizenship Service (#ICS) has urged all foreign nationals and Ethiopians residing in the country without proper documentation to rectify their residency status. the call to legalize documents comes amid concerns over the number of individuals living in the country with either fraudulent or no residence documents.
Selamawit Dawit, Director General of Immigration and Citizenship Service, disclosed in a statement a significant number of individuals residing in Ethiopia without legal documentation. Many foreign nationals have been identified possessing forged permanent and temporary residence permits, passports, visas, and other documents, residing in various regions of the country. The director revealed findings from an investigation, citing over 18,000 fake temporary residence permits, more than 1,500 fake visas, and over 1,800 Ethiopian-born citizens lacking proper documentation.
Editorial: After hundreds die of #starvation in #Ethiopia, millions more are in grave danger. Stop denial and declare a national emergency before too late!
After millions of Ethiopians have fallen victims of the 1984 #famine, including the death by starvation of up to a million, it has to be acknowledged that the recent reports of death by starvation in #Amhara and #Tigray regions are the first to have been officially admitted by regional authorities.
Failing to properly understand the severity of the crisis, or admit the death of helpless civilians by starvation will significantly hamper the response to the catastrophe. Millions are on the verge of death. Authorities must stop wrangling over the semantics of denoscription and declare the crisis a national emergency in order to coordinate appropriate responses before it is too late. https://wp.me/p7BpQh-avt
After millions of Ethiopians have fallen victims of the 1984 #famine, including the death by starvation of up to a million, it has to be acknowledged that the recent reports of death by starvation in #Amhara and #Tigray regions are the first to have been officially admitted by regional authorities.
Failing to properly understand the severity of the crisis, or admit the death of helpless civilians by starvation will significantly hamper the response to the catastrophe. Millions are on the verge of death. Authorities must stop wrangling over the semantics of denoscription and declare the crisis a national emergency in order to coordinate appropriate responses before it is too late. https://wp.me/p7BpQh-avt
Addis Standard
Editorial: After hundreds die of starvation in Ethiopia, millions more are in grave danger. Stop denial and declare a national…
Editorial: After hundreds die of starvation in Ethiopia, millions more are in grave danger. Stop denial and declare a national emergency before too late! Addis Standard Editorial -
#Sudan Recalls Envoy to #Kenya Over Reception of RSF Commander
The Sudanese Ministry of Foreign Affairs has announced the recall of its ambassador to Kenya, Kamal Jubbara, following the reception accorded to Mohamed Hamdan Dagalo "Hemetti," the leader of the Rapid Support Forces (#RSF), by the Kenyan government.
Foreign Minister Ali Al-Sadiq expressed Sudan's disapproval through a formal statement, indicating that the recall is a diplomatic gesture of protest against the recognition given to Hemetti by Kenya, despite Sudan's position on the RSF's conduct.
Moreover, the Foreign Minister criticized the Kenyan government for overlooking the RSF's alleged role in committing serious abuses, including damage to infrastructure and civilian properties. The ambassador's consultations will review Sudan's diplomatic stance towards Kenya, amid accusations of Kenyan support for the paramilitary group.
The incident follows Hemetti's series of meetings with regional leaders in #Ethiopia, #Uganda, #Djibouti, #South_Africa, where he received varying levels of reception. It also comes after Sudan's Sovereign Council President Abdel Fattah al-Burhan's prior warnings against treating Hemetti as a legitimate state representative, with implications for Sudan's diplomatic responses.
https://sudantribune.com/article280985/
The Sudanese Ministry of Foreign Affairs has announced the recall of its ambassador to Kenya, Kamal Jubbara, following the reception accorded to Mohamed Hamdan Dagalo "Hemetti," the leader of the Rapid Support Forces (#RSF), by the Kenyan government.
Foreign Minister Ali Al-Sadiq expressed Sudan's disapproval through a formal statement, indicating that the recall is a diplomatic gesture of protest against the recognition given to Hemetti by Kenya, despite Sudan's position on the RSF's conduct.
Moreover, the Foreign Minister criticized the Kenyan government for overlooking the RSF's alleged role in committing serious abuses, including damage to infrastructure and civilian properties. The ambassador's consultations will review Sudan's diplomatic stance towards Kenya, amid accusations of Kenyan support for the paramilitary group.
The incident follows Hemetti's series of meetings with regional leaders in #Ethiopia, #Uganda, #Djibouti, #South_Africa, where he received varying levels of reception. It also comes after Sudan's Sovereign Council President Abdel Fattah al-Burhan's prior warnings against treating Hemetti as a legitimate state representative, with implications for Sudan's diplomatic responses.
https://sudantribune.com/article280985/
Sudan Tribune
Sudan recalls ambassador to Kenya over Hemetti’s reception
January 4, 2024 (PORT SUDAN) – The Sudanese Ministry of Foreign Affairs announced on Thursday that it had recalled its ambassador to Kenya, Kamal Jubbara, in protest against the official reception hosted by the Kenyan government for Mohamed Hamdan Dagalo…
#Ethiopia Initiates Major Coffee Sustainability Program with $20.8 Million Funding
The Ethiopian government, in collaboration with the United Nations Development Programme (#UNDP), has launched a significant $20.8 million initiative aimed at promoting sustainable coffee farming and combating deforestation.
The project, funded in part by the Global Environment Facility (GEF), is scheduled to run from 2023 to 2031. It is part of the broader FOLUR program, which focuses on sustainable land use and food systems across various agricultural sectors.
Led by Ethiopia's Minister of Planning and Development, Fitsum Assefa, the program was inaugurated in Addis Ababa and is set to positively impact the livelihoods of around 440,000 people by restoring 10,500 hectares of coffee land and managing 60,000 hectares of forest.
https://dailycoffeenews.com/2024/01/04/ethiopia-launches-20-8-million-coffee-land-use-program-folur/
The Ethiopian government, in collaboration with the United Nations Development Programme (#UNDP), has launched a significant $20.8 million initiative aimed at promoting sustainable coffee farming and combating deforestation.
The project, funded in part by the Global Environment Facility (GEF), is scheduled to run from 2023 to 2031. It is part of the broader FOLUR program, which focuses on sustainable land use and food systems across various agricultural sectors.
Led by Ethiopia's Minister of Planning and Development, Fitsum Assefa, the program was inaugurated in Addis Ababa and is set to positively impact the livelihoods of around 440,000 people by restoring 10,500 hectares of coffee land and managing 60,000 hectares of forest.
https://dailycoffeenews.com/2024/01/04/ethiopia-launches-20-8-million-coffee-land-use-program-folur/
#Ethiopia’s bond bust: A decade from darling to default
A decade after Ethiopia's $1 billion #Eurobond debut, which attracted more than double the offering, investor confidence is shaken. In December 2023, Ethiopia announced its intention to postpone its coupon payment, stirring global market concerns about investment implications in #Africa's second-most populous nation.
Experts are assessing if this marks a "technical default" or "contractual default." Henok Fasil from the #World_Bank clarifies that Ethiopia is in a technical default with a 30-day grace period before it potentially becomes a full contractual default.
Ethiopia's debt renegotiation efforts under the G20's Common Framework have been met with a mix of challenges and temporary relief. In 2023, #China granted a one-year debt repayment postponement, followed by other government creditors agreeing to a suspension of debt services, excluding China. Ethiopia's proactive measures have secured over $1.5 billion in temporary debt relief, aiming to avoid default.
Despite these efforts, the nation defaulted on its December coupon payment, signaling a willingness to discuss potential mitigation strategies with bondholders. Experts advocate for comprehensive debt restructuring and structural reforms to enhance tax administration and boost private sector growth. They stress that the sovereign default impacts Ethiopia's economic prospects, increasing the cost of future borrowing and hindering foreign investment. It may also lead to reduced ability to finance essential projects and attract foreign assistance, with long-term consequences for vital sectors.
https://addisstandard.com/in-depth-ethiopias-bond-bust-a-decade-from-darling-to-default/
A decade after Ethiopia's $1 billion #Eurobond debut, which attracted more than double the offering, investor confidence is shaken. In December 2023, Ethiopia announced its intention to postpone its coupon payment, stirring global market concerns about investment implications in #Africa's second-most populous nation.
Experts are assessing if this marks a "technical default" or "contractual default." Henok Fasil from the #World_Bank clarifies that Ethiopia is in a technical default with a 30-day grace period before it potentially becomes a full contractual default.
Ethiopia's debt renegotiation efforts under the G20's Common Framework have been met with a mix of challenges and temporary relief. In 2023, #China granted a one-year debt repayment postponement, followed by other government creditors agreeing to a suspension of debt services, excluding China. Ethiopia's proactive measures have secured over $1.5 billion in temporary debt relief, aiming to avoid default.
Despite these efforts, the nation defaulted on its December coupon payment, signaling a willingness to discuss potential mitigation strategies with bondholders. Experts advocate for comprehensive debt restructuring and structural reforms to enhance tax administration and boost private sector growth. They stress that the sovereign default impacts Ethiopia's economic prospects, increasing the cost of future borrowing and hindering foreign investment. It may also lead to reduced ability to finance essential projects and attract foreign assistance, with long-term consequences for vital sectors.
https://addisstandard.com/in-depth-ethiopias-bond-bust-a-decade-from-darling-to-default/
Addis Standard
In-depth: Ethiopia's bond bust: A decade from darling to default - Addis Standard
In-depth: Ethiopia's bond bust: A decade from darling to default Addis Standard Economy -
#Ethiopia, #Djibouti discuss to expedite transportation of electric power machinery
High-level delegations from Ethiopia and Djibouti recently convened on 4th January to explore opportunities for expediting the transportation of electric power machinery. The meeting, held in Djibouti, brought together key representatives, including Dr. Sultan Welle, Ethiopia's Minister of State for Water and Energy, Yonis A. Guedi, Djibouti's Minister of Energy and Natural Resources, and Aboubaker Omar Hadi, Chairman of Djibouti Ports & Free Zones Authority.
The discussions centered on optimizing the shipment of equipment from Djibouti's Doraleh Multipurpose Port to Ethiopian hydroelectric and wind power projects. Dr. Sultan welle emphasized the strong integration between Djibouti and Ethiopia as as neighboring nations.
Read more at: https://twitter.com/addisstandard/status/1743195516265963941?t=Rt2v51vqA9uEZTYsz4Ya0A&s=19
High-level delegations from Ethiopia and Djibouti recently convened on 4th January to explore opportunities for expediting the transportation of electric power machinery. The meeting, held in Djibouti, brought together key representatives, including Dr. Sultan Welle, Ethiopia's Minister of State for Water and Energy, Yonis A. Guedi, Djibouti's Minister of Energy and Natural Resources, and Aboubaker Omar Hadi, Chairman of Djibouti Ports & Free Zones Authority.
The discussions centered on optimizing the shipment of equipment from Djibouti's Doraleh Multipurpose Port to Ethiopian hydroelectric and wind power projects. Dr. Sultan welle emphasized the strong integration between Djibouti and Ethiopia as as neighboring nations.
Read more at: https://twitter.com/addisstandard/status/1743195516265963941?t=Rt2v51vqA9uEZTYsz4Ya0A&s=19
Op-Ed: Unveiling #Ethiopia-#Somaliland MoU and its implications
At the core of the current debate surrounding the recent Memorandum of Understanding (#MoU) between Ethiopia and Somaliland lies three major interests: Somalia’s unity, territorial integrity, and sovereignty; Somaliland’s pursuit of de jure recognition of its de facto independence and sovereignty, alongside Ethiopia’s renewed long-standing aspiration to regain access to the sea.
In this must read op-ed, By Mehari Taddele discusses Somaliland’s legal argument for independence, legal consequences, and the political implications and geopolitical repercussions, among other topics, and sheds light on "how the MoU could signify a turning point" in the region’s domestic, geopolitical, and diplomatic landscape.
"As diplomatic maneuvers unfold, the MoU between Ethiopia and Somaliland symbolizes the rising geopolitical significance of Africa and the effects of competition among great and middle powers," argues the writer. "National interests and various forms of power (economic, military, technological, demographic, and diplomatic) are projected, forcing new alliances and intensifying global competition."
To ensure Africa’s voice is influential and respected by great and regional powers, and its concerns and aspirations are considered by the international community, Africa’s positions should be based on three core principles. Find out what they are. https://wp.me/p7BpQh-ayJ
At the core of the current debate surrounding the recent Memorandum of Understanding (#MoU) between Ethiopia and Somaliland lies three major interests: Somalia’s unity, territorial integrity, and sovereignty; Somaliland’s pursuit of de jure recognition of its de facto independence and sovereignty, alongside Ethiopia’s renewed long-standing aspiration to regain access to the sea.
In this must read op-ed, By Mehari Taddele discusses Somaliland’s legal argument for independence, legal consequences, and the political implications and geopolitical repercussions, among other topics, and sheds light on "how the MoU could signify a turning point" in the region’s domestic, geopolitical, and diplomatic landscape.
"As diplomatic maneuvers unfold, the MoU between Ethiopia and Somaliland symbolizes the rising geopolitical significance of Africa and the effects of competition among great and middle powers," argues the writer. "National interests and various forms of power (economic, military, technological, demographic, and diplomatic) are projected, forcing new alliances and intensifying global competition."
To ensure Africa’s voice is influential and respected by great and regional powers, and its concerns and aspirations are considered by the international community, Africa’s positions should be based on three core principles. Find out what they are. https://wp.me/p7BpQh-ayJ
Addis Standard
Op-Ed: Unveiling Ethiopia-Somaliland MoU and its implications - Addis Standard
Op-Ed: Unveiling Ethiopia-Somaliland MoU and its implications Addis Standard Politics -
#Ethiopia: #Tigray embraces Turkish partnership for the restoration of #Africa’s oldest mosque
The Turkish Cooperation and Coordination Agency (#TIKA) has proposed to lead the restoration of the #Al_Nejashi_Mosque, one of Africa's oldest and most cherished Islamic sites, which was tragically damaged during the Tigray conflict.
Atsbha Gebreegziabher, head of Tigray's Tourism Bureau, has welcomed Turkey's hand of support with open arms, anticipating a collaborative effort to restore the mosque's former glory.
The pandemic interrupted TIKA's initial restoration plans, but there's renewed hope as discussions focus on preserving the mosque's authenticity and sustainability. This revered site in #Wukro, not far from #Mekelle, has borne witness to bombardment and looting, including the loss of irreplaceable manunoscripts and lives.
https://addisstandard.com/news-tigray-embraces-turkish-partnership-for-the-salvation-of-africas-oldest-mosque/
The Turkish Cooperation and Coordination Agency (#TIKA) has proposed to lead the restoration of the #Al_Nejashi_Mosque, one of Africa's oldest and most cherished Islamic sites, which was tragically damaged during the Tigray conflict.
Atsbha Gebreegziabher, head of Tigray's Tourism Bureau, has welcomed Turkey's hand of support with open arms, anticipating a collaborative effort to restore the mosque's former glory.
The pandemic interrupted TIKA's initial restoration plans, but there's renewed hope as discussions focus on preserving the mosque's authenticity and sustainability. This revered site in #Wukro, not far from #Mekelle, has borne witness to bombardment and looting, including the loss of irreplaceable manunoscripts and lives.
https://addisstandard.com/news-tigray-embraces-turkish-partnership-for-the-salvation-of-africas-oldest-mosque/
Addis Standard
News: Tigray embraces Turkish partnership for the restoration of Africa's oldest mosque - Addis Standard
News: Tigray embraces Turkish partnership for the restoration of Africa's oldest mosque Addis Standard Social Affairs -
#Ethiopia: Over 1.8 Million People in #Amhara Region Affected by Drought
Over 1.8 million residents in nine zones of the Amhara region are currently in need of aid as a result of an ongoing drought, according to the Amhara Regional State's Disaster Prevention and Food Security Commission.
A forum was convened in Bahir Dar city to assess the impact and orchestrate the response, where it was announced that the regional government has earmarked over 400 million birr to aid efforts. Addressing the forum, Tesfaw Batable, Commissioner of the Amhara Disaster Prevention and Food Security Commission, called for continued support from all stakeholders to address the problem and respond to its scale.
Abdu Hussain, Vice President of the Amhara region, speaking at the forum, underscored the imperative of conducting impact assessments and extending support.
Read more at: https://x.com/addisstandard/status/1743274756546211885?s=20
Over 1.8 million residents in nine zones of the Amhara region are currently in need of aid as a result of an ongoing drought, according to the Amhara Regional State's Disaster Prevention and Food Security Commission.
A forum was convened in Bahir Dar city to assess the impact and orchestrate the response, where it was announced that the regional government has earmarked over 400 million birr to aid efforts. Addressing the forum, Tesfaw Batable, Commissioner of the Amhara Disaster Prevention and Food Security Commission, called for continued support from all stakeholders to address the problem and respond to its scale.
Abdu Hussain, Vice President of the Amhara region, speaking at the forum, underscored the imperative of conducting impact assessments and extending support.
Read more at: https://x.com/addisstandard/status/1743274756546211885?s=20
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On 01 January, 2024, #Ethiopia formally became a member of the #BRICS bloc.
Ahmed Shide, Ethiopia's Minister of Finance, explored the possibilities of joining the expanded BRICS and outlined the country's aspirations in an interview with CGTN.
He expressed Ethiopia's ambition to emerge as the 'Beacon of Prosperity' in #Africa, serving as a pivotal point for economic integration and regional cooperation to enhance stability.
Watch!
Ahmed Shide, Ethiopia's Minister of Finance, explored the possibilities of joining the expanded BRICS and outlined the country's aspirations in an interview with CGTN.
He expressed Ethiopia's ambition to emerge as the 'Beacon of Prosperity' in #Africa, serving as a pivotal point for economic integration and regional cooperation to enhance stability.
Watch!
#Sudan army chief rejects ceasefire proposal with paramilitary group
Sudan's army chief, Abdel Fattah al-Burhan, has announced his refusal to accept a ceasefire proposal with the Rapid Support Forces (#RSF), signaling a continuation of the nine-month conflict despite ongoing peace efforts.
Earlier this week, RSF leader Mohamed Hamdan Dagalo had conditionally accepted a ceasefire plan put forward by civilian groups, pending military approval. However, observers remained skeptical due to the RSF's history of not following through on previous commitments.
Both the Sudanese army and the RSF have been accused by the United States of committing war crimes. The RSF, in particular, has been implicated in crimes against humanity and ethnic cleansing activities in the region of #Darfur.
In a statement to his forces, Al-Burhan cited the international community's recognition of the RSF's alleged war crimes as a reason to preclude any reconciliation or agreement with the group. He also expressed criticism of some African leaders for meeting with Dagalo recently and treating him as a statesman during visits to #Ethiopia, #South_Africa and #Kenya
https://www.reuters.com/world/africa/sudans-burhan-says-no-reconciliation-with-paramilitary-rsf-2024-01-05/
Sudan's army chief, Abdel Fattah al-Burhan, has announced his refusal to accept a ceasefire proposal with the Rapid Support Forces (#RSF), signaling a continuation of the nine-month conflict despite ongoing peace efforts.
Earlier this week, RSF leader Mohamed Hamdan Dagalo had conditionally accepted a ceasefire plan put forward by civilian groups, pending military approval. However, observers remained skeptical due to the RSF's history of not following through on previous commitments.
Both the Sudanese army and the RSF have been accused by the United States of committing war crimes. The RSF, in particular, has been implicated in crimes against humanity and ethnic cleansing activities in the region of #Darfur.
In a statement to his forces, Al-Burhan cited the international community's recognition of the RSF's alleged war crimes as a reason to preclude any reconciliation or agreement with the group. He also expressed criticism of some African leaders for meeting with Dagalo recently and treating him as a statesman during visits to #Ethiopia, #South_Africa and #Kenya
https://www.reuters.com/world/africa/sudans-burhan-says-no-reconciliation-with-paramilitary-rsf-2024-01-05/
Reuters
Sudan's Burhan says 'no reconciliation' with paramilitary RSF
Sudan's army chief Abdel Fattah al-Burhan on Friday vowed to continue a nine-month war between the military and the paramilitary Rapid Support Forces (RSF), rejecting the latest peace efforts.
#Ethiopia’s bond bust: A decade from darling to default
A decade since its noteworthy $1 billion Eurobond issuance, Ethiopia faces a sovereign default, marking a stark contrast to its initial success. The once-celebrated bond, issued with a 10-year maturity and a 6.625% coupon rate, has led to Ethiopia becoming the third African nation to default.
Triggered by a deviation from its traditional path of timely repayments, Ethiopia's recent default in December 2023 has raised crucial questions about the nature of this financial setback. Macro economist Henok Fasil sheds light on the distinction between technical default and contractual default, underlining the critical 30-day grace period that determines whether the situation will escalate further.
The economic challenges leading to Ethiopia's default are complex, with the COVID-19 pandemic and a prolonged civil war playing pivotal roles. Analysts point to stagflation, political upheaval, and security concerns in key regions like #Tigray and #Oromia as contributing factors, amplifying the economic fallout and hindering the nation's ability to meet its external debt obligations.
As Ethiopia seeks debt relief under the G20's Common Framework, negotiations with creditors gain significance. The country's engagement with China and government creditors, coupled with efforts to secure funds from developed countries, highlights the urgency to address economic turmoil. Experts emphasize comprehensive debt restructuring and strategic discussions for a path forward in uncertain economic times.
https://addisstandard.com/in-depth-ethiopias-bond-bust-a-decade-from-darling-to-default/
A decade since its noteworthy $1 billion Eurobond issuance, Ethiopia faces a sovereign default, marking a stark contrast to its initial success. The once-celebrated bond, issued with a 10-year maturity and a 6.625% coupon rate, has led to Ethiopia becoming the third African nation to default.
Triggered by a deviation from its traditional path of timely repayments, Ethiopia's recent default in December 2023 has raised crucial questions about the nature of this financial setback. Macro economist Henok Fasil sheds light on the distinction between technical default and contractual default, underlining the critical 30-day grace period that determines whether the situation will escalate further.
The economic challenges leading to Ethiopia's default are complex, with the COVID-19 pandemic and a prolonged civil war playing pivotal roles. Analysts point to stagflation, political upheaval, and security concerns in key regions like #Tigray and #Oromia as contributing factors, amplifying the economic fallout and hindering the nation's ability to meet its external debt obligations.
As Ethiopia seeks debt relief under the G20's Common Framework, negotiations with creditors gain significance. The country's engagement with China and government creditors, coupled with efforts to secure funds from developed countries, highlights the urgency to address economic turmoil. Experts emphasize comprehensive debt restructuring and strategic discussions for a path forward in uncertain economic times.
https://addisstandard.com/in-depth-ethiopias-bond-bust-a-decade-from-darling-to-default/
Addis Standard
In-depth: Ethiopia's bond bust: A decade from darling to default - Addis Standard
In-depth: Ethiopia's bond bust: A decade from darling to default Addis Standard Economy -
#Ethiopia sets sights on full self-sufficiency in key industries within three years
The Ministry of Industry has announced a plan to meet all national needs for food, beverages, textiles, and clothing through local manufacturing in just three years. Currently, local production accounts for 38% of national demand, but plans are in place to increase this to 60% over the next decade. A strategic list of 96 products has been selected to lead this charge towards self-reliance.
Despite challenges such as underutilized industrial capacity and economic hurdles, the government remains committed. A new manufacturing policy aims to revitalize the sector and increase its GDP contribution, which has seen a decline in recent years.
With $852.2 million worth of locally manufactured goods already substituting imports this fiscal year, Ethiopia is on the path to replacing $2.3 billion worth of imports with homegrown products.
https://addisstandard.com/news-ethiopia-sets-sights-on-full-self-sufficiency-in-key-industries-within-three-years/
The Ministry of Industry has announced a plan to meet all national needs for food, beverages, textiles, and clothing through local manufacturing in just three years. Currently, local production accounts for 38% of national demand, but plans are in place to increase this to 60% over the next decade. A strategic list of 96 products has been selected to lead this charge towards self-reliance.
Despite challenges such as underutilized industrial capacity and economic hurdles, the government remains committed. A new manufacturing policy aims to revitalize the sector and increase its GDP contribution, which has seen a decline in recent years.
With $852.2 million worth of locally manufactured goods already substituting imports this fiscal year, Ethiopia is on the path to replacing $2.3 billion worth of imports with homegrown products.
https://addisstandard.com/news-ethiopia-sets-sights-on-full-self-sufficiency-in-key-industries-within-three-years/
Addis Standard
News: Ethiopia sets sights on full self-sufficiency in key industries within three years - Addis Standard
News: Ethiopia sets sights on full self-sufficiency in key industries within three years Addis Standard Business -
#Ethiopia: Consumers Cooperatives' butchery houses set meat prices at 400-460 birr per kilo
As Ethiopian Christmas approaches, #Addis_Abeba's Cooperative Commission has unveiled a festive delight for the capital's residents. Amidst the celebratory fervor, a kilo of meat is set to be sold at an enticing price range of 400-460 birr exclusively at the 246 butchery houses under the auspices of Consumers Cooperatives.
Comparatively, in other meat butchery establishments outside the cooperative's network, the price of a kilogram of meat exceeds 800 birr and may reach up to 1,200 birr per kilogram.
As Ethiopian Christmas approaches, #Addis_Abeba's Cooperative Commission has unveiled a festive delight for the capital's residents. Amidst the celebratory fervor, a kilo of meat is set to be sold at an enticing price range of 400-460 birr exclusively at the 246 butchery houses under the auspices of Consumers Cooperatives.
Comparatively, in other meat butchery establishments outside the cooperative's network, the price of a kilogram of meat exceeds 800 birr and may reach up to 1,200 birr per kilogram.
TB Joshua: Megachurch leader raped and tortured worshippers, BBC finds
Evidence of widespread abuse and torture by the founder of one of the world's biggest Christian evangelical churches has been uncovered by the BBC.
Dozens of ex-Synagogue Church of all Nations members - five British - allege atrocities, including rape and forced abortions, by Nigeria's late TB Joshua. The allegations of abuse in a secretive Lagos compound span almost 20 years.
The Synagogue Church of All Nations did not respond to the allegations but said previous claims have been unfounded. TB Joshua, who died in 2021, was a charismatic and hugely successful preacher and televangelist who had an immense global following.
The BBC's findings over a two-year investigation include:
- Dozens of eyewitness accounts of physical violence or torture carried out by Joshua, including instances of child abuse and people being whipped and chained
- Numerous women who say they were sexually assaulted by Joshua, with a number claiming they were repeatedly raped for years inside the compound
- Multiple allegations of forced abortions inside the church following the alleged rapes by Joshua, including one woman who says she had five terminations
- Multiple first-hand accounts detailing how Joshua faked his "miracle healings", which were broadcast to millions of people around the world
Read more: https://www.bbc.com/news/world-africa-67749215
Evidence of widespread abuse and torture by the founder of one of the world's biggest Christian evangelical churches has been uncovered by the BBC.
Dozens of ex-Synagogue Church of all Nations members - five British - allege atrocities, including rape and forced abortions, by Nigeria's late TB Joshua. The allegations of abuse in a secretive Lagos compound span almost 20 years.
The Synagogue Church of All Nations did not respond to the allegations but said previous claims have been unfounded. TB Joshua, who died in 2021, was a charismatic and hugely successful preacher and televangelist who had an immense global following.
The BBC's findings over a two-year investigation include:
- Dozens of eyewitness accounts of physical violence or torture carried out by Joshua, including instances of child abuse and people being whipped and chained
- Numerous women who say they were sexually assaulted by Joshua, with a number claiming they were repeatedly raped for years inside the compound
- Multiple allegations of forced abortions inside the church following the alleged rapes by Joshua, including one woman who says she had five terminations
- Multiple first-hand accounts detailing how Joshua faked his "miracle healings", which were broadcast to millions of people around the world
Read more: https://www.bbc.com/news/world-africa-67749215
Bbc
TB Joshua: Megachurch leader raped and tortured worshippers, BBC finds
Forced abortions and other atrocities are alleged by dozens of ex-followers of a charismatic televangelist.