Latest Ethiopian News | Ethiopian News Today

  • Ethiopia Tightens Security in South as Demand for Statehood Rises

    By Staff Reporter

    Hawassa-ProtestsJuly 19, 2019 (Ezega.com) -- The government of Ethiopia on Thursday tightened security in Hawasa city, thecapital of the South Nations and Nationalities of Ethiopia (SNNPE), as protesters demanded for statehood of Sidama zone.

    The protesters, wearing traditional red, white and yellow striped Sidama scarves and hats, marched to the zone's council's office to celebrate the declaration of Sidama's statehood by the Sidama Liberation Movement (SLM) based on the council's resolution on July 18, 2018.

    In a recent speech to the Ethiopian parliament, Prime Minister Abiy Ahmed’s said the federal government would use force to supress any activities related to formation of a new regional state in any part of Ethiopia.

    The National Electoral Board of Ethiopia (NEBE) on Wednesday said it was ma

  • ADP Chooses Temesgen Tiruneh Chief Administrator of Amhara Region

    New-Amhara-LeadersJuly 16, 2019 (Ezega.com) -- The Amhara Democratic Party has chosen Temesgen Tiruneh as the Chief Administrator of the Amhara Region. He will succeed Dr. Ambachew Mekonnen who was gunned down in his office earler this month.

    In addition to Dr. Ambachew Mekonnen, the late regional President, two others were also killed: his advisor, Ezez Wasse, and the region’s attorney general, Migbaru Kebede.

    Temesgen Truneh was the security adviser to Prime Minister Abiy Ahmed. Prior to that, he was working at the Ethiopian Information Network Security Agency (INSA) under the leadership of the then Director of INSA, Abiy Ahmed, the current Prime Minister of Ethiopia. Reportedly, he was one of people, along with Abiy Ahmed, who were removed from the agency following disagreements with then Director General of the agency, Major General Teklebirhan Wo

  • ADP Denounces the TPLF, Calls it Irredeemable

    ADP-TPLFJuy 11, 2019 (Ezega.com) -- The Executive Committee of the Amhara Democratic Party (ADP) issued a strongly-worded statement denouncing the Tigrayan People's Liberation Front (TPLF) as 'ant-democractic,' 'irresponsible' and 'irredeemable' organization. As bad as the TPLF statement was a couple of days ago, the ADP statement is nothing but total and unvarnished hostility towards the TPLF, and breathtaking in its takedown of the TPLF.

    In a statement issued on July 11, 2019, the ADP not only rejected the statement issued by the TPLF a couple of days earlier, but also accused it as an organization that 'stood for two governments,' betraying Ethiopia, and never cared about the unity and independence of the country.

    Further, the ADP statement called on all Ethiopians, Tigrayans included, to stand together and defend the latest

  • Ermias Legesse Appointed Deputy Chair of Baladera Council

    Ermias-Legesse-BaladeraJuly 5, 2019 (Ezega.com) -- Ermias Legesse was appointed the Deputy Chair of Baladera Council, a civic movement founded to protect the status quo of Addis Ababa as an autonomous federal city. The Baladera Council was founded by activist Eskinder Nega last year in response to a special interest claim by Oromo politicians over the city.

    The news was announced in the city of Atlanta, USA, where Ermias Legesse held a news conference. Eskindir Nega, the founder, appeared over a video link to announce the appointment of Ermias Legesse. In his brief talk, Eskinder Nega said the reason for the appointent was that many of Baladera members are being arrested in Addis Ababa right now. In addition, he and the rest of Baladera top leaders may also be arrested some day. Therefore, it is important that the group has a voice outside Ethiopia, said Eskinder Neg

  • Dr Aregawi Berhe Says He Was Attacked and Detained in Mekelle

    Aregawi-Berhe-TANDJuly 2, 2019 (Ezega.com) -- The leader of Tigray Democratic Coalition Party (TAND), Dr. Aregawi Berhe, was attacked in Mekelle last week at the funeral of General Seare Mekonnen and General Gezae Aberra. According to a press statement Dr. Aregawi Berhe gave in Addis Ababa, he said he had to cut short his trip due fear of mob violence. He was later detained by local police and spent one night at Quwiha police station. Further, according to Dr. Aregawi, one member of TAND leadership, who came to see him, was severely attacked and poisoned by regional security forces and is recovering in Mekelle hospital.

    The trouble started at the Tigrayan martyrs monument when his group was subjected to verbal attacks by some youth. The attack soon progressed into stone throwing by the same youth and others. His party was not injured, Dr. Aregawi said, as Mekelle police w

  • Ethiopia Loses Its Third General in One Week

    Abraha-Seare-GezaeJune 28, 2019 (Ezega.com) -- General Abraha Woldemariam has reportedly passed away while in treatment in Bangkok, Thailand. General Abraha Woldemariam (also known as Quarter) was commander of the South Eastern Division of the Ethiopian Defense Forces until he was retired by Prime Minister Abiy Ahmed.

    Abraha Woldemariam was a member of TPLF (Tigrayan People's Liberation Front) guerrilla group prior to his career in the Ethiopian army.

    He is considered as one of the ablest and most respected generals the TPLF has produced. He is believed to have played a key role in the Ethio-Eritrea war. He is also credited for stabilizing Somalia by neutralizing al-shabaab militants, among other things.

    General Abraha Woldemariam is believed to have been close to the former President of Ethiopian Somali region, Abdi Illey. According

  • Culminating a Turbulent Week, General Asaminew Tsige Shot Dead

    General-Asaminew-Tsige-DeadJune 24, 2019 (Ezega.com) -- Brigadier General Asaminew Tsige was shot dead by Ethiopian security forces, according to Ethiopian state media, ETV. This marks the end of a few tumultuous days, the ramification of which is yet to be seen in the days and months to come.

    General Asminew Tsigie is believed to have been behind the recent coordinated attacks in Bahir Dar city and Addis Ababa.

    In those attacks, the Ethiopian Army Chief of Staff, General Seare Mekonnen, and Deputy Chief Administrator of Amhara region, Dr. Ambachew Mekonnen, were gunned down. Two other top leaders of the Amhara region were also killed in the Bahir Dar attack, as was an associate of General Seare, General Gezae Aberra, in Addis Ababa.

    Both the Ethiopian Prime Minister, Abiy Ahmed, and representatives of the Amhara regional government b

  • Amhara Administrator Ambachew Mekonnen Gunned Down

    Ambachew-Mekonnen-deadJune 23, 2019 (Ezega.com) -- The chief Administrator of Amhara region Dr. Ambachew Mekonnen was killed following attack by gunmen, as per Amhara TV report. The gunmen attacked the leaders of the Amhara state while the leaders were in a meeting.

    Also killed in the shooting was Azez Wassie, who was Amhara regional state political advisor on organizational matters.

    Earlier yesterday, Prime Minister Dr. Abiy Ahmed and his press office disclosed that a coup attempt was made on the regional government of Amhara.

    Dr. Abiy Ahmed said the Amhara regional government was attacked while it was in meeting in Bahir Dar city. Dressed in army uniform, he said, some Amhara government officials have died and others are wounded. He did not disclose the exact nature of the cacualities due to the attack.

    In appearance on Ethiopi

  • Ethiopian Parliament Approves Telecom Privatization Bill

    Ethio-TelecomJune 18, 2019 (Ezega.com) -- The Ethiopian parliament approved “Communications Service Proclamation” law. The law is meant to liberalize the Ethiopian telecom sector and establish a new telecom regulatory authority.

    According to the new proclamation, telecommunications services, including ownership of a Telecommunications Operator or a Telecommunications Network, will be open to private domestic and foreign investors

    Finance Minister Ahmed Shide said the government is preparing to privatize some state-owned entities. Minister Ahmed Shide further said Ethio Telecom will be split into two, according to FBC report. No further information was given as to how Ethio Telecom will be split, or the time table to achieve that goal.

    Soon after taking office, the government of Prime Minister Abiy Ahmed disclosed its intentions to parti

  • Ethiopia, World Bank Sign $500 million Grant Agreement

    Ethiopia-WorldBank-USD500mJune 16, 2019 (Ezega.com) -- The Ethiopian givernment and World Bank signed a $500 million grant agreement yesterday. The grant is meant to implement Climate Action through Landscape Management (CALM) Program, which aims to increase adoption of sustainable land management practices and expanding access to secure land tenure.

    The agreement was siged at the Ministry of Finance by Ahmed Shide, Ethiopia’s Minister of Finance, and Ms. Carolyn Turk, World Bank Country Director for Ethiopia.

    The program is a 5-year sectoral budget support program with a results-based approach, said the Ministry of Finance

    It will support the government to scale up participatory watershed and land management activities in order to reduce land degradation and rural land tenure security.

    During the signing ceremony, Fina

  • The Failed Promises of College Education in Ethiopia

    By Seble Teweldebirhan

    Graduation-EthiopiaJuly 19, 2019 (Ezega.com) -- Growing up in Ethiopia is not easy. Let’s talk about the majority, the sons and daughters of the farmers who have never been to schools, the teachers, the agricultural extension workers, and the small business owners.

    The current generation has a fundamental problem. Everything that was told as truth turned out to be anything but truth. Just to name a few, one would assume getting a college education improves life for the better. That has remained a myth, as millions of college educated youth not only are unemployed, but also being criticized for incompetency in their fields. Despite the fact that we have hundreds of thousands of engineers and computer science graduates, many companies and industries still outsource their jobs overseas. “They are simply

  • PM Abiy Ahmed on State Visit to Eritrea Amid Stalled Relations

    By Staff Reporter

    abiy-in-EritreaJuly 18, 2019 (Ezega.com) -- Ethiopian Prime Minister Abiy Ahmed arrived in Asmara on Thursday for a two-day state visit amid stalled relations and the closure of all border linking between the two neighboring horn African states.

    Hundreds of Eritreans who came to Ethiopia after the opening the four border cross points did not go back to their country after the last border crossing namely Bure-Assab road was closed for undisclosed reasons on April 22nd this year.

    The Bure-Assab road was closed four days after closure of Omhajer-Humera border, which is found in the north-western part of Ethiopia and south-west of Eritrea. The roads were closedwas by the Eritrean government from the Eritrean side.

    The Bure-Assab road had officially been opened with the presence of Eritrean president Isaias Afeworki and Eth

  • The Controversial Coup Attempt in Ethiopia

    By Blen Girma

    Failed-Coup-EthiopiaJuly 17, 2019 (Ezega.com) -- In a recent address to the national parliament, Ethiopian Prime Minister Abiy Ahmed said he had escaped several coup attempts and assassinations since he came to power on April 2, 2018, including a grenade attack a year ago at Meskel Square in Addis Ababa, at a rally held to support him as Prime Minister. The government is yet to come up with a conclusive evidence or report to show the public the origins and intent of that attack.

    The latest tragedy was apparently instigated by a renegade general who tried to seize control of the northern state of Amhara in attempted regional coup in which the state president, Dr. Ambachew Mekonnen — who was believed to have been an ally of the Prime Minister — and two other senior officials of the state were gunned down.

    The government in

  • TPLF Issues an Extraordinary Statement, Blames ADP for Current Situation

    TPLF-StatementJuly 11, 2019 (Ezega.com) -- The Central Committee of the TPLF (Tigrayan People's Liberation Front) has issued an extraordinary and highly unusual statement condeming the current situation in Ethiopia and called on Tigrayans and the Ethiopian people to start a new struggle urgently to protect what it said the unity and stability of the country.

    In an urgent, one-day meeting held in Mekelle city in Tigray, on July 9, 2019, the TPLF all but declared the current central government in Ethiopia unfit to lead the country and is responsible for all the grave situation the country finds itself currently.

    In particular, the TPLF statement singled out the Amhara Democratic Party (ADP) as the root cause of the problem and responsible for current situation. It demanded that the ADP come clean and apologize to the Ethiopian people and correct

  • Ethiopia Plans to Send 50,000 Workers to UAE - PM

    Abiy-UAE-50KJuly 9, 2019 (Ezega.com) -- Ethiopia Prime Minister Abiy Ahmed is planning to send some 50,000 Ethiopians to United Arab Emirates (UAE). According to him, the plan is geared to alleviate unemployment in the country.

    According to Arabian Business website, Prime Minister Abiy said "Ethiopia is planning short-term measures to reduce unemployment in Ethiopia and to cope with the increasing job demands of our people." "One of these short-term programmes is sending our skilled labour to foreign countries," he added.

    A total of 50,000 workers would be sent to UAE in the 2019-2020 fiscal year. The workers would be trained in things like driving and nursing, so they can earn higher wages, Abiy said.

    The plan also includes sending more people in the next three years, up to 200,000, according to the Ethiopian government.

  • Ethiopia to Open Telecom Sector to Multinationals, Sell Minority Share in Ethio Telecom

    Telecom-PrivatizationJuly 6, 2019 (Ezega.com) -- Ethiopia announced it will soon sell 49 percent stake in Ethio Telecom to private companies. It will also open the telecom sector to two other competing multinational companies, in addition to Ethio Telecom.

    Ethio Telecom, which is 100 percent owned by the Ethiopian government, has so far been the sole owner of the telecom space in Ethiopia.

    In a statement to the media, State Minister of Finance Eyob Tekalign said the government will also offer a minority stake in Ethio Telecom, and foreign firms will be invited to bid.

    There will be 'two plus one' operatores, said Eyob Tekalign, meaning two new competitors plus Ethio Telecom with a minority private owner.

    He said the Ministry of Finance will invite global companies to take part by issuing request

  • Killer of General Seare Was Asking for a Transfer Weeks Ago

    Seare-funeralJuly 2, 2019 (Ezega.com) -- Reporting on the last moments of General Seare Mekonnen, Capital Ethiopia reported that General Seare's killer had requested that he be transferred to another durty weeks ago. General Seare's wife was also growing uncomfortable with the killer and was advising her husband to change him.

    According to a close family of General Seare Mekonnen interviewed by Capital Ethiopia, on 22 June Saturday around 7pm, Chief of Staff Seare was rushing home from his office to meet one of his friends waiting for him at his villa located at the back of Desalgne Hotel around Bole Atlas. General Seare arrived around 8pm and hugged his friend who was coming to congratulate him about his son Ma’asho Seare, who graduated from the university a week prior. Then the two friends sat down outside in the the balcony of the house for a chat.<

  • Adem Mohammed Appointed Army Chief, Demelash Gebremichael Security Chief

    Adem-DemelashJune 28, 2019 (Ezega.com) -- Ethiopian Prime Minister Abiy Ahmed appointed General Adem Mohammed as Chief of Staff of the National Defense Forces, replacing the General Seare Mekonnen, who was gunned down in his home by his bodyguard earlier this week.

    Prime Minister Abiy Ahmed also appointed Demelash Gebremichael as Director-General of National Intelligence and Security Service (NISS), replacing General Adem Mohammed who served in that role for about a year. Demelash Gebremikael was deputy chief of NISS, appointed a year ago and held that position until now.

    Also appointed was Lieutenat General Molla Hailemariam as Chief of Ground Forces in the Ethiopian Army. Lieutenant General Molla Hailemariam has served as chief of Ethiopian Air Force.

    General Adem Mohammed is an ethnic Amhara. He was a member of the ANDM (Amhara National Democrat

  • Generals Seare Mekonnen and Gezae Aberra Dead

    Seare-Mekonnen-DeadJune 23, 2019 (Ezega.com) -- Ethiopian Army Chief of Staff General Seare Mekonnen was gunned down by one of his body guards in his home yesterday, according to media reports.

    The identity of the gunmen and their motives are not yet known.

    Also killed along with General Seare Mekonnen was former Army Logistics chief Major General Gezae Aberra.

    Major General Gezae Aberra was likely killed while visiting his friend General Seare Mekonnen. General Gezae retired a few years after the conclusion of the Ethio-Eritrea war. He served with international forces stationed in Sudan afterwards.

    Prime Minister Abiy Ahmed had disclosed yesterday that General Seare was attacked by what he called "hired" gunmen. However, the Prime Minister did not go as far as declaring General Seare Mekonnen dead.

    Today, the le

  • General Seare Attacked, Coup Attempted in Amhara Region - PM Abiy

    Attack-Bahir-Dara-SeareJune 22, 2019 (Ezega.com) -- A coup attempt was made on the regional government of Amhara, according to the office of the Prime Minister of Ethiopia. In appearance on Ethiopian Television (ETV), the PM press office head, Nigusu Tilahun, said certain organized groups conducted a coup attempt to overthrow the Amhara regional government. However, the group has failed in its attempt, said Nigusu Tilahun.

    Nigusu Tilahun further said federal forces are in Bahir Dar city to stabilize the situation. According to witnesses, there is still some gunfire in the city, and Internet and telephone networks are not operational.

    The Prime Minister press office did not disclose who were behind this attempted coup, or whether anyone is under control for the

  • Ethiopia to Allow Ethiopian Diaspora to Invest in Banks

    Banking-EthiopiaJune 16, 2019 (Ezega.com) -- The Ethiopian parliament is discussing a new bill meant to allow foreign nationals of Ethiopian origin to engage in the banking and financial services sector, according to the Ethiopian Reporter.

    The new bill will amend the existing, restrictive banking and financial services proclamation, according to the report.

    The bill has been tabled before the House of People’s Representatives (HPR) for approval.

    The existing law bars Ethiopian-born Diasporas with foreign passports from opening banks, subsidiaries, or acquire shares in Ethiopian banks.

    Last year, foreign nationals of Ethiopian origin were forced to sell their shares in Ethiopian financial insitutions at rates many considered unfair.

    Many Ethiopians from the diaspora had purchased bank shares not knowing the restrictions

  • Ethiopia Shuts Down the Internet to Prevent Exam Leaks

    Internet-shutdownJune 13, 2019 (Ezega.com) -- Ethiopia has shut down the internet once again, this time to prevent exam papers from leaking out.

    Internet has been largely inaccessible all over Ethiopia for the last three days now.

    Access to the web was “totally cut off” on Tuesday morning, and there’s been only an intermittent restoration of services since then, according to NetBlocks, an advocacy group that monitors cybersecurity, and as reported by Bloomberg.

    Internet is considered an extremely vital part of life and business in much of the world these days. However, in Ethiopia and in some parts of Africa, internet is something that can be dispensed for a variety of reasons, including to quell unrest and for exams as in this case.

    Ethiopia has used internet shutdown as a means to fight exam leaks for several yea

  • Tigrayan People Losing Confidence in Ethiopian Federal System - Debretsion

    Debretsion-TigrayJune 13, 2019 (Ezega.com) -- The Tigrayan people have been under constant attack since Abiy Ahmed was elected Prime Minister more than a year ago, says Dr. Debretsion Gebremichael, the Deputy Chief Administrator of Tigray.

    In an interview he gave to the Ethiopian Reporter, Debrestion said “the people of Tigray have developed secessionist sentiment due to deliberate ethnic attack targeting Tigray.”

    The interview follows Prime Minister Abiy Ahmed's visit to Axum in Tigray earlier this week, one of only two times the Prime Minister ventured to Tigray in more than a year in office.

    In the interview, Dr. Debretsion all but condemned effort by central authorities to undermine Tigray. He said an attempt was made to intimidate his state by federal police. He also said the central authorities and the Amhara regional government tur

  • PM Abiy Ahmed Consults Opposition on NEBE Board Nominees

    Opposition-AbiyJune 9, 2019 (Ezega.com) -- Prime Minister Abiy Ahmed held discussions with opposition leaders to select nominees for board membership of the National Electoral Board of Ethiopia (NEBE).

    The NEBE is selecting a board of 5 to prepare for and oversee the upcoming 2020 elections, including the head of NEBE.

    Based on recommendations from various parties, the NEBE has announced a shortlist of 8 candidates.

    The eight shortlisted nominees are Megabi Zerihun Degu Mengiste, Melaku Sibhat Bedane, Wubshet Ayele Gete, Berhane Moges Fikr, Demoze Mame, Mrs. Bizuwork Ketete, Dr Getahun Kassa and Abera Degefu Negawo. Per NEBE guidelines, a nominee must be an Ethiopian national, independent, competent, ethical, and loyal, among others.

    Of these candidates, four will be selected to serve in the new board of NEBE.

    According to Off

  • Ethiopia in the Spotlight Over Planned Tour by US Gay Group

    Toto-ToursJune 5, 2019 (Ezega.com) -- Ethiopia is in international spotlight once again over a planned tour by a gay group to see some historical and religious sites in Ethiopia.

    The tour in question was organized by a Chicago-based firm named Toto Tours. The company describes itself on its website as "the only gay tour company in existence" that has been operating with the same ownership and management for almost three decades. 

    According to reports from AFP, the company says it has received death threats since announcing the 16-day trip to Ethiopia.

    Ethiopia, like many African countries, is one of the most conservative societies in the world when it comes to issues such as homosexuality. The country has strict anti-gay laws, punishable by up to 15 years in prison.

    The planned tour has been opposed by numerous groups, includi



From Ezega Blogs


Most Read


  • New Ethiopian Law Gives Women Longer Maternity Leave

    Maternity-LeaveJuly 10, 2019 (Ezega.com) -- The House of People’s Representatives (HPR) on Thursday revised the existing labor law to give women longer maternity leaves and extend new employee probation period.

    The newly revised bill grants female workers an extended period of maternal leave, according to the Reporter. It also extends the period of probation for employees who are newly recruited.

    The revised bill, reviewed by the Women, Youth and Social Affairs standing Committee, gives female employees at least 120 days of maternal leave, including a one-month pre-natal leave and a three-month post-natal leave, making it one of the most generous labor laws in the world.

    In the US, for example, the law requires employers to give at least 12 weeks of unpaid leave for maternity purposes. However, many companies have more generous maternity leave plans than the min

  • Ethiopian Athlete Declares Victory One Lap Short

    Hagos-GebrihwetJuly 8, 2019 (Ezega.com) -- The IAAF Diamond League men’s 5000 meters race in Lausanne did not go well for Ethiopian athlete Hagos Gebrihwet. While leading the pack to the finish line, he decalred victory prematurely one lap short.

    Apparently, Hagos thought he ran the last lap and stopped with his hands up the air, thinking he won.

    Upon realizing that the competition was not over, he started sprinting back into the race. But, by then, others started passing him by. He finished 10th when all was said and done.

    It is unknown how Hagos Gebrihwet, an experienced athlete, missed the lap count.

    In the video footage, commentators could not believe what was happening.

    Although devastating for Hagos and embarassing for Ethiopia, the good news is that the winners of the Diamond League are all Ethiopians.

    International media and comics had a good day makin

  • Conspiracy Theories Abound on Recent Killings

    Demeke-Mekonnen-whereaboutJuly 4, 2019 (Ezega.com) -- The late Amhara region administrator Dr. Ambachew Mekonnen and two other top Amhara officials were killed shortly after 5pm Ethiopian time in Bahir Dar. General Seare Mekonnen and his associate General Gezae Aberra were killed about four hours later, around 9pm in Addis Ababa.

    The Ethiopian federal government said the two incidents were linked and were part of a coup attempt by Brigadier General Asaminew Tsige, who was killed the next day. Audio recordings made by Amhara TV personnel in which General Asaminew talked about actions taken on Amhara leadership appears to support that claim. Several Amhara region officials also said they saw General Asaminew directing the attacks firsthand.

    But some people have since raised many questions around the events that unfolded that evening. Among them is regarding the whereabouts of Deputy Prime Ministe

  • Former Egyptian President Mohammed Morsi Dead

    Mohammed-Morsi-DeadJune 17, 2019 (Ezega.com) -- Former Egyptian President Mohammed Morsi collapsed in a courtroom and died, officials say, according to multiple media reports.

    He was ousted by the military in 2013 after one year in office, and has been in prison since. President Morsi was 67 when he died.

    He was one of the leaders of the Muslim Brotherhood when he was elected president of Egypt.

    The Muslim Brotherhood called his death a "full-fledged murder" and called for crowds to gather at the funeral.

    Mohammed Morsi had just addressed the court from a cage at a hearing on charges of espionage when he lost conciousness and collapsed. He spoke for five minutes from a soundproof glass cage which officials said was designed to prevent him disrupting proceedings.

    Family and friends had long complained about his prison conditions. They claim Morsi was not receivin

  • Much of Ethiopia to Experience Below Normal Rainfall

    By Staff Reporter   

    Climate-outlook-Ethiopia-2019May 28, 2019 (Ezega.com) -- Much of Ethiopia will experience increased likelihood of drier than normal rainfall from June to September 2019, the 52nd Greater Horn of Africa Climate Outlook Forum (GHACOF 52) has announced on Tuesday.

    The regional consensus climate outlook for the June to September 2019 rainfall season  also revealed lower normal rainfall over much of south-western Eritrea, South Sudan, parts of western Sudan as well as some region on the Sudan/Ethiopia border, northern and far-western Uganda, western Rwanda as well as coastal areas of Kenya and Somalia.

    The announcement was made on Tuesday during the 52nd Greater Horn of Africa Climate Outlook Forum (GHACOF 52) for June, July, August and September under the theme “Mitigation of Climate Risks for Resilience building” in Addis Ababa, Ethiopia.

  • EU-IOM Fund to Protect and Reintegrate African Migrants

    IOMMay 24, 2019 -- The European Union (EU) has committed an additional EUR 18 million to its partnership with the International Organization for Migration (IOM) known as the EU-IOM Joint Initiative for Migrant Protection and Reintegration in the Horn of Africa (EU-IOM Joint Initiative).

    The funding brings to EUR 43 million the EU’s total commitment to the EU-IOM initiative in the region, which aims to save lives and improve assistance for migrants along migration routes originating from the Horn of Africa.

    In the Horn of Africa, the EU-IOM Joint Initiative – running from March 2017 to March 2021 – is mainly focused on Ethiopia, Djibouti, Somalia and Sudan. Three of those countries – Ethiopia, Somalia and Sudan – combined to account for the largest migrant movement on the continent.  

    Backed by the EU Emergency Trust Fund for Africa, it covers and was set up in 2016 in clos

  • IMF Engages Eritrea After Years of Isolation

    Eritrea-IMFMay 23, 2019 -- Following peace with Ethiopia and neighboring countries, the International Monetary Fund (IMF) is engaging Eritrea once more for the first time in 10 years, according to IMF press release. IMF officials held discussions with the Eritrean government May 13-22 in the capital city of Asmara.

    According to the report, the IMF stands ready to support economic reforms through policy advice, technical assistance and training to help achieve macroeconomic stability and inclusive growth. "Eritrea is in a difficult economic situation following an extended period of international isolation and emergency measures to manage the economy," says the IMF.

    Following the conclusion of the meeting with Eritrean officials, the IMF released the following statement.

    The peace agreement with Ethiopia and lifting of international sanctions provide a welcome opportunity for Eritrea to buil

  • Commercial Bank to Offer Interest-Free Mortgages to Diaspora Community

    Commercial-Bank-EthiopiaMay 18, 2019 (Ezega.com) -- The Commercial Bank of Ethiopia (CBE) has announced that it has started offering interest-free mortgage loans to non-resident Ethiopians, and foreign nationals of Ethiopian origin.

    The program was designed to cater to Ethiopian Diaspora Muslims and others from the diaspora who want interest free banking service.

    The loan is meant to be used for the purshase or construction of residential homes. The loan is expected to paid in 20 years.

    Borrowers are expected to deposit at least 20% of the mortgage amount in advance in British Pound, USD or Euro.

    Emebet Melese, Vice President of Quality Assurance, said during the launch that the interest free mortgage loan for diasporas would be implemented separately from the other diaspora related banking services.
     
    Once a person deposits the initial payment at CBE branch



You may also like...