Blinken Puts Ethiopia on Notice for Reinstatement to AGOA


Blinken Puts Ethiopia on Notice for Reinstatement to AGOA

US Secretary of State Antony Blinken underscored the need for Ethiopia's leaders to meet clear benchmarks in order to be reinstated to AGOA and expressed his concerns that the exit of external forces from the Tigray Regional State remains incomplete. Blinken visited Ethiopia last week, bearing a 331 million-dollar humanitarian aid package, in light of the devastating impact of the war. The United States is the single largest humanitarian aid provider to Ethiopia providing north of 1.8 billion dollars since 2022. The concession of Human rights violations by both the federal government and TPLF was heralded by the secretary as a promising development. He said that the final decision will be an interdepartmental ruling by several government bodies in the US. The Secretary held a series of meetings with Prime Minister Abiy Ahmed and his deputy Demeke Mekonnen, Moussa Faki Mahamat, chairperson of the AUC, Workeneh Gebeyehu, executive secretary of IGAD and senior members of the TPLF. He stated that the US Government will be closely monitoring Ethiopia's progress in achieving transitional justice, indicating that this will be a key factor in determining the country's future relationship with the US. The US Government's close attention to Ethiopia's situation signals a heightened interest in the region and underscores the need for continued international attention to the ongoing challenges facing the country


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Central Bank's Auction Sends Dollar Soaring to 135 Br

A dollar value against the Birr exceeds 135 during an auction the Central Bank held last week, offering 60 million dollars. Close to 27 banks made their bid where the weighted average was 135.61 Br for a dollar. The National Bank of Ethiopia (NBE) announced the results of the special foreign exchange auction, the second since monetary authorities floated the forex regime in early August last year. Last week's result reflects a weaker Birr than in the first when the average rate was 107.9 Br....


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Ethio Telecom Bids to Dominate Ethiopia's Digital Future

An array of services from digital livestock tracking, push-to-talk/video communications to cloud-based banking, an education management system (EMS), and enterprise resource Planning (ERP) are available from the state-owned Ethio telecom. Ethio telecom has introduced seven new cloud-based digital services last week at the Skylight Hotel, on Africa Avenue (Bole Road), pledging to transform business operations, financial services, and education management. The company said that these solutions...


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Addis International Convention Centre Inaugurates

The much-anticipated Addis International Convention Centre, spanning 40 hectares, was officially inaugurated last week. It is set to become the country's largest conference venue, designed to host both national and international events. The centre features two large halls, each accommodating 3,000 to 4,000 people. It also includes eight smaller meeting rooms, bringing its total capacity to 10,000 attendees. Two hotels, with a combined 1,000-bed capacity, will serve both local and internationa...