Donald Trump Sworn In 45th US President
January 20, 2017 - Donald Trump, now the 45th president of the United States, promised that he would work tirelessly for every American and vowed to put "America first."
"From this day forward, a new vision will govern our land. From this day forward, it's going to be only America first. America first. Every decision on trade, on taxes, on immigration, on foreign affairs will be made to benefit American workers and American families," Trump said in his roughly 16-minute inauguration speech, the shortest since President Jimmy Carter's in 1977.
Trump told Americans, "This moment is your moment. It belongs to you. It belongs to everyone gathered here today and everyone watching all across America."
At times his speech echoed themes from his presidential campaign.
Ethiopia Prepares to Celebrate 6th Anniversary of GERD
January 19, 2017 - The Office of the National Council for the Coordination of Public Participation on the Construction of the Grand Renaissance Dam said that preparations to mark the 6th anniversary Ethiopian Grand Renaissance Dam (GERD) foundation stone laid is underway, according to Walta.
In his exclusive interview with WIC, Public Relations Head with the Council, Hailu Abrham, said that the day will be marked under the objective of scaling up the national conciseness and generating much more money.
Beauty contest, exhibitions, talk show, drawing competitions with children category, sport festivals, panel discussions are among the programs planned to mark the day colorfully.
Grand GERD run will be also part of the program it was noted.
The council has c
Ethiopian Airlines to Open 7 New Destinations in 2017
January 18, 2017 - Ethiopian Airlines has announced that it has planned to launch seven new destinations within five months in 2017, of which three are in Africa, a press release issued by the Airline indicated, according to ENA report.
Ethiopia will launch new service to Victoria Falls (Zimbabwe), Antananarivo (Madagascar), Conakry (Guinea), Oslo (Norway), Chengdu (China), Jakarta (Indonesia) and Singapore (Singapore).
In addition to these stations, Ethiopian would have services from Addis Ababa to 98 different international cities located across the world.
Group CEO Ethiopian Airlines, Tewolde GebreMariam, said, “As the largest airline group in the continent, we are highly concerned on the low base of air connectivity in the continent and we are setting record exp
Egyptian Lawyers Preparing Lawsuit Challenging Support for GERD
January 18, 2017 - A group of Egyptian lawyers and political activists are preparing a lawsuit to challenge a preliminary deal agreed by Egyptian president Abdel Fatah al-Sisi on Ethiopia’s Nile dam project in March 2015, reported egypt media on Wednesday.
The deal signed by President Sisi, Ethiopian Prime Minister Hailemariam Desalegn, and Sudanese President Omar al-Bashir asserted Ethiopia’s right to build the Grand Ethiopian Renaissance Dam (GERD), a decision that has caused huge concerns in Egypt over its water supply and ability to generate hydro-electric power.
The news comes after Sisi faced calls on Tuesday to be prosecuted for treason following a court’s ruling against his government over the proposed transfer of the Red Sea islands of Tiran and Sanafir to Saudi Arabia.
South Sudan Denies Making Any Deal Against Ethiopia - Report
January 18, 2017 - South Sudan’s ambassador to Ethiopia, James Pita Morga, said his country cannot enter into a deal likely to harm Ethiopia’s interest with a third party, according to Sudan Tribune.
Morga, in an interview with the state-run Ethiopia Broadcasting Corporation (EBC), dismissed the alleged report as fabricated.
Since South Sudan’s President Salva Kiir paid visit to Egypt few days ago, lots of reports circulated on social media, alleging that the two leaders had agreed to sabotage a controversial Ethiopian massive dam project that is being built in Nile River which Cairo fears would eventually diminish its historic water share.
Kiir’s recent visit to Cairo came weeks after Egyptian President, Abdel Fattah Al-Sisi met Kiir’s close all
Ethiopia Appeals for $948 Million in Humanitarian Aid for 2017
17 January 2017 – On the heels of failed rains and a calamitous El Niño in Ethiopia, the country's Government today launched an appeal for $948 million to urgently address food and non-food needs, while the United Nations agriculture agency warned that a new drought may put the East African nation's hard fought gains at risk.
The humanitarian response plan, launched by the Ethiopian Government and humanitarian partners, aims to help 5.6 million people mainly in the southern and eastern parts of the country, according to the UN Office for the Coordination of Humanitarian Affairs (OCHA).
“Last year the Government of Ethiopia, with the support of international donors and humanitarian partners, was able to mount the biggest drought response operation in global history. Today we need tha
Capital Inadequacy of Commerical Bank of Ethiopia Alarms Government
January 17, 2017 - A shocking decline of the Capital Adequacy Ratio (CAR) at the largest state-owned bank, Commercial Bank of Ethiopia (CBE) – currently at the lowest critical level of four percent – has prompted the government to deposit a security bond worth 26.5 billion birr, according to Reporter.
The security bond is intended to raise the bank's paid up capital. In a bid to apply it quickly, the government has tabled a draft proclamation on Tuesday before the House of People’s Representatives (HPR). The bill proposes an issuance of the security bond worth 26.5 billion birr. If approved, the Ministry of Finance and Economic Cooperation (MoFEC) will issue the security bond that will raise CBE's total capital to 40 billion birr.
After the capital injection, CBE’s
Ethiopia Considering Partial Privatization for Shipping Enterprise - PM
January 17, 2017 - During his latest press conference Prime Minister Hailemariam Desalegn confirmed that his government is in the process of selling shares of the Ethiopian Shipping and Logistics Services Enterprise (ESLSE), which is the only state run company that owns commercial boats in Africa, to an undisclosed company, according to Capital.
The PM explained that the costs of inland transportation out way the costs of transportation by sea because of logistical issues and the cost of moving freight in Ethiopia. He pointed out that, “the newly inaugurated railway will substantially decrease the cost of transportation, but logistical concerns are still a major source of concern.”
“We are trying to privatize the company with some e
Ethiopian Band Yegna to Continue Despite Funding Cut from UK
January 16, 2017 - Yegna Managing Director Solome Tadesse spoke on Tuesday of continuation of the project despite the UK Department for International Development (DFID)’s decision to cut its funding for the project. DFID has been working with Yegna for the past four years and had a plan to give it GBP 11.8 million between 2015 and 2018 through its partner Girl Effect. But DFID announced the end of its partnership with Yegna a few days ago.
Though DFID said the decision came after a review of Yegna project and a belief that there were more effective ways to spend UK aid, Solome said the decision by the organization in no way reflected the success or impact of Yegna. “Yegna has been on air for the past three-and-a-half years and DFID has done annual reviews b
World Bank Grants USD 24mln for Two Ethiopian Universities
January 16, 2017 - The World Bank has granted a 24 million US dollars support for Addis Ababa and Haremaya universities to help them establish centers of excellence.
Both universities were selected to be East and South African centers of excellence after competing with other African universities.
Hence, Addis Ababa University (AAU) will open three and Haremaya University (HU) one center of excellence.
The World Bank provided 6 million US dollars for the establishment of each center.
In a related development, AAU and the European Union (EU) signed a memorandum of understanding (MoU) last week, to extend partnership and promote collaboration in the areas of education and academic research. (FBC)
University of Toronto Starts Ge’ez Classes
January 13, 2017 - The University of Toronto (U of T) has begun Ge’ez classes to enable a new generation of students understand the ancient language and access long-lost trove of knowledge.
This week, Professor Robert Holmstedt of the department of Near and Middle Eastern civilizations welcomed 25 students and members of Ethiopian community in Toronto to the first day of an introductory course on Ge’ez.
With this course, U of T becomes one of the only places in the world where students can learn the fundamentals of Ge’ez, according to a statement on the university’s site.
The program came about through several significant donations, including from The Weeknd, the Ethiopian community and the Faculty of Arts & Science.
Department Chair Professor Tim Harrison has said that he hoped, with continued supp
Ethiopia Will Cement Relationships with Neighboring Countries - PM
January 12, 2017 - Prime Minister Hailemariam Desalegn said his government will strengthen its bilateral relations with neighboring countries, according to FBC.
The Premier gave today explanation for questions raised by members of the parliament (MPs).
Responding to question regarding the status of Ethiopia’s relations with its neighbors, the Premier said, “We have excellent relations with Kenya and Sudan.”
“Our relation with Djibouti is strategic and one step ahead from the relations with other countries. We have also good relations with both South Sudan and Somalia,” he added.
And, he said, “We will work to further cement our relations with our neighbors.”
Regarding to delay in mega projects, he said, there is no delay in all projects except in