| Dubai Sues China for Building Free Trade Zone in Djibouti
November 5, 2018 - UNITED Arab Emirates (UAE) DP World Limited and its subsidiaries of Dubai has sued China for building an international free trade zone on a terminal being disputed with Djibouti, according to Financial Gazette Newswire.
The lawsuit was filed in the High Court of Hong Kong for unlawfully procuring and inducing the Republic of Djibouti to breach various agreements between the African country and DP World.
In the lawsuit, DP World sought damages, interest, and a declaration that China Merchants unlawfully procured and/or induced Djibouti’s breaches of its agreements with DP World.
When the contra
| UN Security Council Expected to Lift Sanctions on Eritrea
November 3, 2018 - The UN Security Council (UNSC) is expected to lift sanctions on Eritrea, according to AFP report. Eritrea has been under crippling sanctions for years due to its past involvements with regional instability, including support for what many countries believe terrorist organizations.
Britain proposed a draft resolution calling for lifting of arms embargo and all travel bans, asset freezes and targeted sanctions on Eritrea, according to AFP.
The UNSC is set to go ahead and approve the lifting of sanctions after the United States of America withdrew its objections. Earlier the US had wanted to pr
| World Bank Approves $1.2 Billion in Grant and Loan to Ethiopia
October 31, 2018 - The World Bank approved $1.2 billion in grants and loans to Ethiopia to support economic growth and the ongoing reforms in the country.
The financial support to Ethiopia comes in the form of grant of $600 million and loan of $600 million.
In astatement, the bank said the funds would go towards supporting reforms in the financial sector including improving the investment climate.
World Bank is providing new financial and technical support in response to the reform pledges made by the government since Prime Minister Abiy Ahmed took office in April, the bank said.
The Government of Ethiopia has embarke
| PM Abiy Ahmed in Germany Attending CwA Meeting
October 30, 2018 - Ethiopian Prime Minister Abiy Ahmed is in Germany attending CwA meeting and as part of three cities tour in Europe.
Upon his arrival, he was received by German Chancellor Angela Merkel. The two are expected to hold bilateral talks shortly.
Dr. Abiy Ahmed is also expected to address some 25,000 Ethiopians in Frankfurt tomorrow, risding in various cities in Europe.
The Prime Minister will then attend the Compact with Africa (CwA) meeting, along with some 12 African heads of states.
Intended to promote private investments in Africa, the CwA was initiated under the German G20 Presidency.
| France Pledges €100 Million Grant to Ethiopia
By Staff Reporter
October 30, 2018 - French President Emmanuel Macron announced a €100 million in grant to Ethiopia as part of an effort to support the ongoing economic reform in the horn African nation.
The announcement came after the visiting Ethiopian Prime Minister Dr. Abiy Ahmed held discussion with President Emmanuel Macron at Élysée Palace in Paris.
In a joint briefing, Prime Minister Abiy Ahmed said he was very grateful for the positive response for his plea he made to the french president who agreed to lend a helping hand to protect and preserve the Lalibela churches in Am
| Yemen Facing Worst Famine in 100 Years
October 20, 2018 - The United Nations is warning that up to 13 million people face stravation in a civil war-torn Yemen.
Yemen has been in conflict since 2015 when interim president Abd-Rabbu Mansour Hadi went into exile in the face of Houthi militia advance onto the capital Sanaa.
Supported by Saudi Arabian forces, the former President later returned into Yemen and formed base in the sourthern city of Aden.
The country has been ravaged by years of Saudi bombardment, causing massive displacement and starvation.
UN advocates are calling on a military coalition led by U.S. ally Saudi Arabia to halt air strikes that are
| Italian Prime Minister in Ethiopia on Two-Day Visit
October 11, 2018 - Italian Prime Minister Giuseppe Conte is in Ethiopia for a two-day working visit, and as part of tour to the Horn of Africa.
He was welcomed by Ethiopian Prime Minister Dr Abiy Ahmed upon arrival at Bole International Airport.
He is scheduled to travel to Eritrea where he will meet President Isaias Afewerki after concluding his trip to Ethiopia.
According to reports, the Italian Prime Minister wants to support the peace deal signed between Ethiopia and Eritrea last July after nearly 20 years of stalemate.
Italy has a long history of association with Ethiopia and Eritrea. Italy ruled Eritrea for s
| Ethiopia to Restart Overseas Employment Services Tomorrow
By Staff Reporter
October 9, 2018 - The government of Ethiopia will officially restart overseas employment services mainly to the Middle East as of Wednesday, October 10, 2018, the Ministry of Labor and Social Affairs of Ethiopia disclosed.
Ethiopia lifted a ban on domestic workers moving overseas last February after passing a new law meant to avoid ill-treatment of Ethiopians in Middle East countries.
The government instituted the ban five years ago following reports of abuse, and complaints that employment agencies lured Ethiopians into working abroad in illegal and appalling conditions.
The new law regula
| UK, Ethiopia Sign £176 Million Grant Agreement
October 6, 2018 - Ethiopia and the United Kingdom signed two grant agreements yesterday amounting £176 million, according to FBC report.
The agreements were signed by Admasu Nebebe, Ethiopia’s State Minister of Finance and Economic Cooperation, and Mrs. Harriet Baldwin, Minister of State for Africa.
£110 million of the grant agreement was allocated to finance general education quality improvement programs in Ethiopia, whereas the remaining £66 million grant will support the Ethiopian investment advisory facility (EIAF) phase II project.
The education support program is targeting disadvant
| Ethiopia, Eritrea Sign Agreement in Saudi Arabia
September 16, 2018 - Ethiopia and Eritrea signed undisclosed agreement at a summit held in Saudi Arabia on Sunday in the presence of Saudi Arabia's King Salman and U.N. Secretary General Antonio Guterres, according media reports.
No details were given about the agreement. The two countries made several agreements to date, beginning with their first meeting in Addis Ababa , and subsequent meetings in Eritrea and the United Arab Emirates (UAE).
Ethiopia and Eritrea have been in hostilities for almost two decades, following deadly war in 1998-2000 that killed thousands on both sides.
| US Must Strengthen Ties with Ethiopia, Support Reform - Tibor Nagy
September 14, 2018 - The newly appointed assistant secretary of U.S. Bureau of African Affairs, Tibor Nagy, told members of House Foreign Affairs subcommittee in Washington that Ethiopia has made historic changes, and the US should support and strengthen ties to support an otherwise fragile reform.
“Prime Minister Abiy Ahmed has initiated groundbreaking reforms across most every area of Ethiopian society,” Nagy said. “He deserves tremendous credit for his boldness in tackling issues previous governments have not addressed.”
Representative Chris Smith, chairman of the Africa, Global Health, Global Human Rights an
| Ethiopia Has the Highest Number of Internally Displaced People in 2018
September 12, 2018 - Ethiopia has the highest number of internally displaced people in the first half of 2018, according to the IDMC and as reported by Reliefweb.
Ethiopia wintnessed many regional conflicts over the last few years, driven by heightened ethnic and religious differences. There has been several border conlicts between Oromia and Somale regional states, between Oromia and Southern Ethiopia regional states, as well as within Sothern Ethiopia, Benshangul and Amhara regions.
Internal divisions within and the weakening of the ruling party, the Ethiopian People's Revolutionary Democratic Front (EPRDF), contributed
| Reform in Ethiopia Heartening - US Diplomat
September 8, 2018 - U.S. Deputy Chief of Mission in Ethiopia, Troy Fitrell, said Ethiopians need to cooperate with the new Ethiopian government so that the reform underway can attain its goals, according to ENA report.
In an exclusive interview with ENA, Fitrell noted that the reform we witnessed in Ethiopia after Prime Minister Abiy Ahmed came to power in April is heartening.
He said the revision of the anti-terrorism and civic society proclamations as well as the return of many opposition parties and personalities to their country are encouraging.
The U.S. believes that the reform is essential for building democratic system and c
| Ethiopia Receives Debt Relief from China
September 6, 2018 - China has agreed to extend debt repayment period for Ethiopia for the Addis Ababa-Djibouti cross-border railway.
According to Prime Minister Abiy Ahmed which just visited China, China has pledged to extend debt repayment period for a loan from 10 to 30 years.
The two countries also held extensive discussions regarding the trade volume between the two countries and development assistance, the Premier stated.
Prime Minster Abiy was in Beijing to attend the 7th Forum on China-Africa Cooperation.
“We conducted wide ranges of discussions with China especially how can we balance the trade vol
| Ethiopia Opens Logistics Industry to Foreign Companies
September 4, 2018 - Ethiopian Investment Board has lifted restrictions on the logistics industry. The logistic industry which was exclusively reserved for Ethiopians such as packaging, forwarding and shipping agency services, is now open to joint ventures.
The decision by the Board also opened the provision of bonded warehouse, consolidation and deconsolidation services and allowed joint venture participation of international logistics service providers holding up to 49% or less stakes.
The decision is said to help local firms acquire world class knowledge, expertise, management, and systems by working jointly with globally reput
| China Investments in Ethiopia Cooling Off Due to Debt Concerns
September 1, 2018 - After years of robust investments in Ethiopia, China is said to be cooling off due to mounting debt of the country, according to Reuters.
Ethiopia has been a top destination for Chinese loans in Africa, with more than $12.1 billion since 2000
As Ethiopia faces debt distress, the report says, there are signs that China is slowing financing to Ethiopia as doubts grow over the profitability of some infrastructure projects there.
“The intensifying repayment risks from the Ethiopian government’s debt reaching 59 percent of GDP is worrying investors,” China’s mission to t
| World Bank to Provide Ethiopia $1 Billion in Budgetary Support
August 25, 2018 - During his first news conference since he became Prime Minister of Ethiopia. Dr. Abiy Ahmed disclosed that the World Bank has agreed to provide Ethiopia $1 billion in budget support in the next few months.
World Bank and other donor agencies suspended budgetary help following a vote in 2005 that was disputed by the opposition and accompanied by violence that killed 200 people, according to Reuters.
The prime minister said the current budgetary support from World Bank is due to the reforms taking place in the country.
Ethiopia has been facing severe foreign currency s
| Ethiopian Premier Receives Vietnamese President in Addis Ababa
August 23, 2018 - Prime Minister Abiy Ahmed received the President of Vietnam, Mr. Tran Dai Quang, who arrived in Addis Ababa today.
The Vietnamese President is in Addis Ababa on a three-day state visit to Ethiopia.
Vietnam has shown keen interest of late in investment opportunities in Ethiopia. Vietnam’s state-owned telecom company Viettel is especially eyeing opportunities in Ethio Telecom, following the announcement of partial sale of the company by the Ethiopian government.
Viettel currently operates or holds licenses in African markets including Mozambique, Burundi, Cameroon and Tanzania.
| 2.8 Million Ethiopians Internally Displaced - UNICEF Report
August 16, 2018 - The number of Internally Displaced Ethiopians has reached 2.8 million, up from 1.6 million at the beginning of the year, according to UN Children’s Fund (UNICEF) report.
Ethiopia has been going through various ethnic conflicts in the last three years, mainly in Oromia, Somali and Southern Ethiopia regions.
Increased communal violence and natural disasters across various parts of Ethiopia in the first half of 2018 is thought to be behind the spike in the number of displaced people in the country.
Ethiopia also hosts more than 920,000 refugees from neighbouring countries, includi
| UAE to Build Oil Pipeline Linking Port City of Assab and Addis Ababa
August 10, 2018 - The United Arab Emirates (UAE) has reached an agreement with Ethiopia to build oil pipeline linking port city of Assab, Eritrea, and Addis Ababa, according to ENA quoting the Ministry of Foreign Affairs.
According to the report, the agreement was reached when Prime Minister Dr Abiy Ahmed met with Reem Al Hashimi, UAE Minister for International Cooperation.
The two sides also discussed ways of increasing investment and consolidating bilateral ties between Ethiopia and UAE.
During a visit to Ethiopia on June 15, Crown Prince of Abu Dhabi and Deputy Supreme Commander of UAE’s