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An independent Ethiopia based online media focusing on current affairs. Original content+daily gist of media monitoring
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#Ethiopia: Awash Bank posts 25.6 bln birr profit, assets surpass 442 bln birr

#Awash Bank has announced that it registered a gross profit of 25.6 billion birr in the 2024?2025 Ethiopian budget year, which it described as the highest in the history of private banks in Ethiopia, while its total assets reached 442.6 billion birr.

The announcement was made on Saturday during the bank’s 30th Annual Ordinary General Meeting and 18th Extraordinary General Meeting of shareholders.

According to local media reports, Awash Bank CEO Tsehay Shiferaw told shareholders that the bank posted a gross profit of 25.67 billion birr in the fiscal year, representing a 137 percent increase compared to the previous year. He described the result as a “massive profit” for the institution.

Tsehay said the bank’s total deposits stood at 358.5 billion birr, an increase of 125.9 billion birr compared to the same ...

https://web.facebook.com/AddisstandardEng/posts/pfbid0hiaKarwNfvP1LntUXE5Nip1xZJJPH8ofNYwAkARkeMmaquCrwYQPrxyjNrYXRR2cl
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#Somalia’s president and predecessor trade accusations over rising poverty in #Mogadishu

Somalia's former President Mohamed Abdullahi #Farmajo & incumbent President #Hassan Sheikh Mohamud have exchanged pointed remarks over an escalating poverty crisis in Mogadishu, after Farmajo made his first public appearance since losing the 2022 election.

Speaking on Saturday to a group of MPs in the capital, Farmajo — who returned to Mogadishu earlier this month — warned that the city was facing a dire humanitarian situation, claiming many residents could no longer afford even a single daily meal.

“I have researched this thoroughly & found that the country is in a severe crisis," he told lawmakers. "People are talking about levels of hardship that some of you may not be aware of. Many citizens eat only one meal a day — or once every two days."

Mohamud Acknowledges Hardship but Defends Security ..

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#Commentary: Birr in Freefall: #Ethiopia’s struggle with record currency depreciation, imported inflation risk

In July 2024, Ethiopia shifted from a crawling-peg to a market-based exchange rate system, leading to a rapid depreciation of the birr. Samson Hailu, the writer of this commentary, notes the currency fell by over 165% in 15 months, adding that “the magnitude of the birr's depreciation outside the formal banking system is even alarming,” with forex bureaus trading at 177 birr per dollar, “marking a depreciation of over 216% since August 2025.”

While the reform boosted exports, he contends it also triggered “short-term inflationary pressures.” A weaker birr makes imports expensive and raises production costs. Low-income households are hardest hit, as “imported inflation functions as a regressive tax.”

Samson argues that the reform, though “a necessary structural adjustment,” demands urgent action, including tighter monetary policy.

https://addisstandard.com/?p=53783
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#Ethiopia: Prosecutor files three additional charges against former State Minister #Taye Dendea based on media interview

Prosecutors have introduced three new charges against former State Minister of Peace and #Oromia Regional Council (Chafe Oromia) member Taye Dendea during a hearing held today, 24 November, according to his defense lawyer, Abera Negus, who spoke to Addis Standard.

The new charges were filed despite the hearing being originally scheduled for the submission of sentencing recommendations related to a previous conviction on one count: unlawful possession of a firearm. Taye had been acquitted of the other two charges in that case during his last court appearance.

Abera said the prosecutor “appeared with three additional charges instead of presenting sentencing recommendations,” adding that the defense was not notified in advance of this procedural shift.

According to Abera, all three additional charges stem from comments Taye made during a ...

Read more: https://addisstandard.com/?p=53806
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News - #TPLF urges federal government to “refrain” from actions that could trigger new war, calls on #AU to convene as Pretoria deal “at risk”

The Tigray People’s Liberation Front (TPLF) has urged the #Ethiopian federal government to “refrain” from actions it says violate the #Pretoria Agreement and risk sparking another round of war, while calling on the African Union to urgently convene parties to the deal as tensions escalate.

In a statement issued at the conclusion of its regular Central Committee meeting held from November 17–22, the party accused the federal government of organizing and arming armed groups in and around Tigray—moves it said constitute direct violations of the peace accord.

The Central Committee warned that these activities including recent #drone_attack undermine the fragile postwar stability & could lead to renewed conflict if not halted immediately.

The TPLF also alleged that Ethiopian government is applying “economic pressure” on the region ..

https://addisstandard.com/?p=53793
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News: #Kenyan forces accused of crossing #Ethiopia border, killing official and abducting resident

Kenyan security forces crossed into Ethiopian territory in #Moyale on Saturday, allegedly killing a local administration official and abducting a resident, local witnesses and officials told Addis Standard.

Witness Hussein Halkano told Addis Standard that three Kenyan military vehicles crossed into Ethiopian territory and went to the home of resident Wariyo Guracha to detain him, prompting Wariyo to insist only Ethiopian authorities had the right to arrest him...

Moyale Mayor Galmi Korophicha confirmed to Addis Standard that the killing was carried out by Kenyan security personnel who had crossed into Ethiopian territory.

In a differing account, Kenyan media outlets claimed that Ethiopian security forces crossed about two kilometers into Kenyan territory, triggering a two-hour firefight at a site called Sesi.

https://addisstandard.com/?p=53812
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#Ethiopia: Simret Party warns “dangerous rhetoric” by intellectuals, religious leaders threatens #Pretoria agreement

The #Tigray Democratic Solidarity Party (#Simret) has warned that what it calls “dangerous rhetoric” from some intellectuals and religious leaders is undermining the implementation of the Pretoria Agreement and threatening to destabilize the region’s fragile peace process.

In a statement issued Sunday, the party accused certain intellectuals and religious figures—whom it says previously “played a role in inciting the displacement of the people of Tigray” of continuing to disrupt ongoing efforts by “spreading rhetoric and taking irresponsible actions” against the constitutional order.

Simret said these actors “have not repented of the past” and are now obstructing the safe return of displaced communities from Western Tigray. The party said progress has been slowed by “internal and external actors unhappy with the agreement,” including those using ...

https://addisstandard.com/?p=53809
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News: Over 40 civilians, including children, killed in latest attack in troubled #Metekel Zone, #Benishangul-Gumuz region

More than 40 civilians, including children, were killed in an attack allegedly carried out by “Shene militants” early Saturday, 22 November, in Bakuji Kebele of #Bulen Woreda, Metekel Zone, in Benishangul-Gumuz regional state, residents told Addis Standard.

A resident of Bakuji, who requested anonymity due to security concerns, said the assault unfolded between 5:00 AM and 8:00 PM, describing it as a “coordinated” door-to-door attack.

“The attackers were entering house by house as they carried out the killings,” the resident said. “In some cases, up to five people from the same family were killed.”

The resident estimated the death toll at 44 civilians, attributing the assault to “Shene militants” who used both guns & knives. “A horrible act was committed … if they found a locked door, they would break it with a bayonet and enter,” the source added..

https://addisstandard.com/?p=53823
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RSF commander agrees to three-month humanitarian truce in #Sudan

The commander of Sudan’s Rapid Support Forces (#RSF), Mohamed Hamdan #Daglo, announced on Monday his agreement to a humanitarian truce involving a three-month cessation of hostilities.

The announcement follows a September 12 agreement by the Quad—comprising the #United_States, #Saudi_Arabia, the #UAE and #Egypt—on a set of principles to end the war. These included an initial three-month truce intended to lead to a permanent ceasefire and a transparent transition process.

“In response to international efforts, led by the initiative of U.S. President Donald #Trump, we announce the agreement of the RSF and its allies to a three-month truce and a cessation of military actions,” Daglo, known as #Hemetti, said in a video address.

Daglo, who also leads the “Tasis” alliance, stated the truce aims to protect civilians and improve humanitarian conditions. He pledged to facilitate aid operations, ensuring...

https://sudantribune.com/article/307468
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#Ethiopia, #Morocco sign security cooperation agreement on sidelines of INTERPOL Assembly

Ethiopia’s Federal Police Commissioner General #Demelash Gebremichael and Morocco’s Director General of National Security and Territorial Surveillance (DGSN-DGST), Abdellatif Hammouchi, have signed a memorandum of understanding (MoU) to strengthen security cooperation between the two countries, Morocco’s DGSN said.

The agreement was signed on Monday on the sidelines of the 93rd #INTERPOL General Assembly in Marrakech. It aims to enhance operational, intelligence and technical collaboration between Ethiopian and Moroccan police services to combat violent crime, organized cross-border crime, smuggling networks, illicit trafficking & cybercrime.

The 93rd INTERPOL General Assembly, which opened yesterday in Marrakech, runs from 24 to 27 November and brings together senior law enforcement officials ...

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#Prosperity_Party says 275 leadership posts given to opposition figures, including four ministers, as #British ambassador visits party headquarters

The ruling Prosperity Party has said that 275 leadership positions in government have been filled by leaders from contesting political parties, including four ministers and three deputy ministers, as part of what it describes as efforts to widen the political space.

According to information published on the Prosperity Party’s official social media pages, the figure was disclosed by Deputy President and General Secretary #Adem_Farah during a meeting with #Darren_Welch, British Ambassador to Ethiopia and Representative to the #African_Union, who visited the party’s headquarters yesterday.

Prosperity Party said Ambassador Welch, accompanied by his delegation, held discussions with Adem on governance, development cooperation and the role of ...

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#RSF carried out deliberate killings and sexual violence in El Fasher, #Amnesty says citing survivors

Survivors who escaped El Fasher in #Sudan’s North #Darfur State have detailed to Amnesty International how fighters with the Rapid Support Forces (RSF) executed scores of unarmed men and raped dozens of women and girls as they captured the city.

Amnesty International researchers interviewed survivors who described witnessing groups of men shot or beaten, and taken hostages for ransom.

Female survivors described how they were subjected to sexual violence by RSF fighters, as were some of their daughters. Many interviewees described seeing hundreds of dead bodies left lying in El Fasher’s streets & on the main roads out of the city.

The harrowing testimonies are some of the first from eyewitnesses who fled El Fasher after the fall of the city. Amnesty International...

https://www.amnesty.org/en/latest/news/2025/11/sudan-el-fasher-survivors-tell-of-deliberate-rsf-killings-and-sexual-violence-new-testimony/
#Opinion: Faith Under Fire: How Social Media fuels rising attacks on religions, followers in #Ethiopia

Ethiopia, long known for its religious diversity and strong social values, is facing a growing rise of extremism within religious communities, writes Zerihun Hailu. “Incidents targeting religious groups, their leaders, and their followers have become increasingly frequent,” he notes, including the recent killing of over 25 civilians in #Oromia’s #East_Arsi Zone, described as a “religion-based attack” on church followers.

Zerihun explains that social media “has become a major platform for hate speech and hostile exchanges,” with “name-calling, insults directed at religious leaders, and inflammatory content… widely shared and promoted by millions of users.”

Unless the government enforces “meaningful legal action against those who openly attack religions,” he warns that the trend could have “catastrophic consequences.”

https://addisstandard.com/?p=53836
News: Volcanic eruption near #Erta_Ale in #Afar expected to have only minor global climate impact as ash plume disrupts flights – experts

The recent eruption of Ethiopia’s Hayli Gubbi volcano is expected to have only a marginal impact on the global climate, while its ash plume has disrupted international flight operations as far as #India, according to experts cited by Russian news agency TASS & the BBC.

Climatologist Alexey Kokorin, from the Nature and People Foundation, told TASS that ash emissions from Hayli Gubbi are unlikely to cause a pronounced cooling effect because the plume did not reach the stratosphere.

He estimated that the eruption could lower the global average surface air temperature by about 0.05°C during the 2025–2026 winter, compared to projections without the eruption, describing the impact as “negligible.”

According to the BBC, the India Meteorological Department (IMD) said the ash plume has now reached northern India, including #Delhi, prompting...
https://addisstandard.com/?p=53842
News: #Salsay_Weyane Tigray accuses federal government of breaching #Pretoria deal, backing armed groups in Western Tigray

Salsay Weyane Tigray has accused the federal government of breaching the Pretoria Peace Agreement by supporting armed groups and unlawful authorities in #Western_Tigray, alleging that federal actors are training and backing #Tekeze_Zeb militias that obstruct the return of displaced Tigrayans.

In a statement released on Monday, the party said some Ethiopian National Defense Forces (#ENDF) generals are “overstepping their mandates” in ways that violate both the Pretoria Agreement and the FDRE Constitution. According to the statement, Tekeze Zeb — also referred to as the “Tekeze River Guards” — is linked to ENDF structures and is being deployed to prevent the repatriation of internally displaced persons (#IDPs) and refugees.

Salsay Weyane Tigray also called on #Amhara political actors and the broader political community to reject attempts to inflame...

https://addisstandard.com/?p=53845
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News: #Somali Region frees ‘121 unlawfully detained’ people, ‘pardons’ two jailed journalists, Rights Commission says

The #Ethiopian Human Rights Commission (#EHRC) has confirmed that 121 people who were “unlawfully detained” in various police stations across the Somali Region “have been released”, alongside two journalists who were “serving sentences” in correctional facilities and were freed on pardon.

The Commission said today that it has “verified” that the Somali Regional Government has begun “implementing practical measures to address longstanding concerns over prolonged pre-charge detention, access to justice, & treatment of persons in custody.”

However, the Commission expressed concerns over what it said were “unresolved issues” requiring immediate attention. These included ensuring accountability for human rights violations linked to conflicts in the Dewa’aley area bordering Fafen & Jarar zones, rehabilitating affected victims, improving detainee treatment...

https://addisstandard.com/?p=53852
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#Ethiopia, #US military officials discuss Red Sea access and regional security

Prime Minister Abiy Ahmed and senior Ethiopian military leaders held talks on Tuesday with General Dagvin R.M. Anderson of the U.S. Africa Command, with both sides highlighting Ethiopia’s bid for sea access and broader regional security cooperation.

Abiy said on his social media accounts that he had welcomed General Anderson in the morning for “a constructive exchange on regional security & opportunities for enhanced cooperation.” He did not provide further details on the discussions.

According to a statement from Ethiopia’s Ministry of Defense, General Anderson later met Field Marshal Birhanu Jula, Chief of General Staff of the Ethiopian Armed Forces, for talks focused on peace and stability in the Horn of Africa & the future of Ethiopia–U.S. military cooperation.

Field Marshal Birhanu was quoted telling...

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#Somalia's president says Al-Shabaab instructing members to seek national IDs

Somalia's President Hassan Sheikh Mohamud said Tuesday that security agencies have informed him that the extremist group #Al-Shabaab has ordered its members to register for the country's new national identification card.

Speaking at a meeting on the rollout of the ID system, Mohamud said he welcomed the development, noting that biometric registration would help authorities identify anyone involved in terrorism.

"Let them take it — their fingerprints and their faces will be recognized," he said with a laugh. u They are Somali citizens who have become terrorists." Mohamud said the national ID program will strengthen security, boost the economy and help curb terrorism, money laundering and other crimes. It will also help prevent criminals from traveling abroad and posing risks to other countries, he added.

https://www.somaliguardian.com/news/somalia-news/somalias-president-says-al-shabaab-instructing-members-to-seek-national-ids/
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#Sudanese army says repelled paramilitary forces' attack after unilateral truce declaration

The Sudanese Armed Forces (#SAF) said Tuesday it had repelled an attack by the paramilitary Rapid Support Forces (#RSF) on the city of Babanusa in southern West Kordofan State, a day after the RSF declared a unilateral three-month humanitarian truce.

In a statement, the SAF said it had killed a number of RSF field commanders and hundreds of fighters, seized several combat vehicles, and destroyed others.

Meanwhile, the volunteer group Sudan Doctors Network accused the Sudan People's Liberation Movement-North and the RSF of attacking the Al-Zallataya mine in South #Kordofan State and forcibly abducting more than 150 young men as well as several minors.

The network said the attack violated international humanitarian law and the RSF's unilateral humanitarian truce, urging immediate and unconditional release of all abductees, ...

https://english.news.cn/africa/20251126/36e06c0fa1344f1d9b8b8eb43352a5b3/c.html
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#India meteorological department says Ethiopia volcano ash cloud has fully cleared Indian airspace

India’s Meteorological Department says the ash cloud from the recent volcanic eruption in #Ethiopia has fully cleared Indian airspace, easing earlier concerns over aviation safety, Indian media outlets report.

The India Meteorological Department (IMD) said its latest satellite imagery at 10:30 p.m. on Tuesday showed the ash plume had completely exited India after drifting west to east across parts of the country. The plume, from a rare volcanic eruption in Ethiopia, had earlier triggered alerts for high-altitude aviation, Indian outlets including the Hindustan Times reported.

Before the plume moved away, the IMD had warned that the ash column had risen to nearly 45,000 feet, affecting upper air routes and disrupting flight operations. Flight schedules across India were significantly ....

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#Just_In: #Ethiopia appoints FM Gedion Timothewos as #COP32 President-designate after securing 2027 Summit host role

Addis Abeba - Ethiopia has named Foreign Minister Gedion Timothewos as President-Designate of COP32, the Prime Minister’s Office said. The announcement came after Ethiopia was confirmed as host of the 2027 UN climate summit.

The PM’s Office said today that Ethiopia “expresses deep gratitude to all UNFCCC member states for entrusting the country with this responsibility,” adding that FM Gedion will “lead the preparatory process for COP32, in coordination with national authorities, UNFCCC bodies, and international partners.”

The announcement follows a competitive continental process in which Ethiopia secured the African Union’s endorsement to host the 32nd Conference of the Parties (COP32) under the UN Framework Convention on Climate Change (UNFCCC).

Read more: https://x.com/addisstandard/status/1993614843220267320?s=20
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