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World Bank Approves $1.2 Bln In Grant, Credit To Ethiopia

World Bank Approves $1.2 Bln In Grant, Credit To Ethiopia
The World Bank’s Board of Executive Directors yesterday approved $1.2 billion ($600 million grant and $600 million credit) from IDA in support of the Government of Ethiopia’s policies designed to accelerate economic growth and achieve its vision of becoming a lower-middle-income country. The Government of...

US moves towards sanctions over Ethiopia conflict

AFP
By: BBC AFRICA US President Joe Biden has signed an executive order to allow targeted sanctions to be imposed against individuals and groups perpetrating violence and impeding humanitarian aid in Ethiopia. No individuals or entities were named. But it is the strongest warning yet from the US...

Social media sites unlocked after 9 months in Ethiopia

  Social media users in Ethiopia have been able to use social networking sites Facebook and Twitter from Friday night without proxy sites after the social media platforms were unblocked by Ethiopian authorities. For the last nine months, Ethiopia's two most popular social networking sites had...

Attitudes Toward Female Genital Mutilation Changing in Ethiopia

At least 200 million women alive today in 30 countries have been subjected to the painful procedure known as female genital mutilation, a practice the U.N. says is deeply rooted in tradition in some cultures. About half of those women come from Egypt, Somalia...

Ethiopia PM Dr Abiy Ahmed Among 100 Most Influential Africans Of 2018

Horndiplomat-Ethiopian Prime Minister Dr. Abiy Ahmed and six other Ethiopians, including Group CEO of Ethiopian Airlines, Tewolde GebreMariam and CEO of Ethio Telecom, Frehiwot Tamiru have made it to New African magazine’s list of “100 Most Influential Africans." According to New African magazine, the annual...

UAE Real Estate Developer launches its first Housing Development in Addis Ababa

Eagle Hills has ventured into the Ethiopian market with the launch of La Gare. Courtesy
Horndiplomat-On Nov 19, Ethiopian Prime Minister Abiy Ahmed launched the La Gare integrated community development project. Eagle Hills, an Abu Dhabi-based private real estate development company, has announced its foray into the Ethiopian market with the launch of its 360,000-sq-m project La Gare. Located in the capital of...

Ethiopia, UAE advancing military cooperation

Ethiopia, UAE advancing military cooperation
Ethiopia’s Chief of Staff of the National Defense Force General Adem Mohammed met with Lt. General Hamad Mohammed Thani Al Rumaithi, Chief of Staff of the UAE Armed Forces. During the meeting, the two sides reviewed prospects for advancing military cooperation between the two countries,...

Ethiopia Could Sell Airline Hotel, Airports in Investor Hunt

By: Nizar Manek Ethiopian Airlines Enterprise is emerging as the flag bearer of plans by Africa’s fastest-growing economy to open up to foreign investors after decades as a closed shop. While new Prime Minister Abiy Ahmed’s ruling Politburo has said a minority stake in the continent’s largest carrier...

Ethiopian Prime Minister Abiy Ahmed Meets African Union Envoys

Ethiopia Prime Minister Abiy Ahmed Meets African Union Envoys
 Ethiopian Prime  Minister Abiy Ahmed received at his office this morning former President of Liberia Ellen Johnson-Sirleaf, former President of Mozambique Joaquim Chissano, and former President of South Africa Kgalema Motlanthe – the designated Special Envoys of Cyril Ramaphosa, President of South Africa and...

Ethiopia, Egypt, Sudan Agree to Further Talks on Disputed Dam

The Grand Ethiopian Renaissance Dam on the Blue Nile river in Ethiopia, seen in a satellite image taken June 26 Source: Maxar Technologies via AP Photo
BY: BLOOMBERG Ethiopia’s government said talks to resolve an impasse over a hydropower dam it’s building on the Nile River reached a “major common understanding” and further negotiations are planned. A meeting convened by the African Union on Tuesday paved the way for a “breakthrough agreement”...