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Nov 25, 2024 | 
saxafimedia.com | Ashenafi Endale
His election raises questions about a memorandum of understanding (MoU) between Somaliland and the Ethiopian government, as his stance on statehood and relationships with both Mogadishu and Ethiopia may change. He has expressed a desire to reopen dialogue with Mogadishu, contrasting with his predecessor. Analyst Costantinos Berhutesfa suggests that a normalization of relations between Somaliland and Mogadishu could benefit regional stability, especially for Ethiopia.
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Nov 16, 2024 | 
thereporterethiopia.com | Ashenafi Endale
Heads of the Ethiopian Securities Exchange (ESX) eye the listing of more than 90 businesses on their boards as the country's maiden stock market nears inauguration, sources disclosed to The Reporter. If the ambitions hold true, the number of initial public offerings (IPOs) would instantly surpass the stocks listed on the Kenyan stock exchange, which the minds behind ESX have used as a reference point in the four years preparing for launch.
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Nov 16, 2024 | 
thereporterethiopia.com | Ashenafi Endale
Last week, political turmoil in Tigray Regional State threatened to boil over as the head of the Interim Administration (TIA) accused the Tigray People's Liberation Front (TPLF) and its Chairman, Debretsion Gebremichael, of plotting a coup. The development comes as the region marks the second anniversary of the peace deal that ended a brutal two-year war against the federal government and its former allies.
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Nov 16, 2024 | 
thereporterethiopia.com | Ashenafi Endale
The federal government is searching for alternative funding sources for 42 billion to breathe life into the Welkait Sugar Plant, which has been closed since war engulfed northern Ethiopia in 2020. The Welkait sugar estate is just one of several under the ailing state-owned Ethiopian Sugar Industry Group accruing huge losses.
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Nov 16, 2024 | 
thereporterethiopia.com | Ashenafi Endale
A Canada-based firm and Ezana Mining Development, a subsidiary of the Endowment Fund for the Rehabilitation of Tigray (EFFORT), are involved in a row over two gold mining projects in the Tigray region. East Africa Metals Inc has absorbed a 30 percent stake in the Adiabo gold project, which comprises the Matu Bula and Da Tambuk sites, after Ezana failed to contribute its share of equity based on the joint venture agreement.
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Nov 10, 2024 | 
saxafimedia.com | Ashenafi Endale
It has been nearly a year since Prime Minister Abiy Ahmed and Somaliland President Muse Bihi announced they had signed a deal that would see Ethiopia lease a portion of Somaliland’s coast in exchange for the recognition of the latter’s sovereignty, among other incentives. The Memorandum of Understanding (MoU) signed in January has been the focal point of diplomatic developments in the region over the past 11 months, particularly in the rising tensions between Addis Ababa and Mogadishu.
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Nov 9, 2024 | 
thereporterethiopia.com | Ashenafi Endale
More than a dozen employees of the National Disaster Risk Management Commission (NDRMC), including former head Mitiku Kassa, stole food aid valued at half a billion birr by distributing it fraudulently to fabricated recipients, reveals an audit report presented to Parliament this week. "The audit investigation also found that the officials sold wheat flour worth 107.8 million birr to flour mills. They diverted the aid wheat to mills and benefited individually," reads the document.
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Nov 9, 2024 | 
thereporterethiopia.com | Ashenafi Endale
Despite its vast potential, the Ethiopian aviation industry accounts for less than six percent of GDP, finds a new consultative study. The Ethiopian Civil Aviation Authority (ECAA) is partnering with Addis Ababa University (AAU) to develop and implement a comprehensive program officials hope will enable the industry to live up to its potential.
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Nov 9, 2024 | 
thereporterethiopia.com | Ashenafi Endale
It has been nearly a year since Prime Minister Abiy Ahmed and Somaliland President Muse Bihi announced they had signed a deal that would see Ethiopia lease a portion of Somaliland's coast in exchange for the recognition of the latter's sovereignty, among other incentives. The Memorandum of Understanding (MoU) signed in January has been the focal point of diplomatic developments in the region over the past 11 months, particularly in the rising tensions between Addis Ababa and Mogadishu.
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Nov 9, 2024 | 
thereporterethiopia.com | Ashenafi Endale
Government efforts to treat over three million hectares of acidic soil are facing setbacks as cement factories shy away from supplying the millions of quintals of lime necessary for the task. In 2023/24, officials at the Ministry of Agriculture launched an initiative to treat more than three million hectares of acidic soil with lime over the span of a decade. Last year, they envisioned using six million quintals of lime to treat 300,000 hectares. However, they met only a quarter of their target.
