Ethiopia Offers Safe Harbour to Sudanese Refugees

Sep 2 , 2023

Ethiopia has housed nearly 300,000 Sudanese refugees who fled the breakout of a five-month-long widespread conflict. The hospitality was commended by the United Nations' designated expert on Human Rights in Sudan, Radhouane Nouice as he briefed the devastating conditions in the embattled country at the Economic Commission of Africa (ECA) headquarters last week. With 20 million in need of assistance, 4.5 million displaced from their homes and the destruction of the health infrastructure in the country, Radhoune indicated efforts for humanitarian assistance are hampered by a shortage of funding, inability to obtain visas and blockage of access. Radhoune called for the cessation of "the senseless conflict" as he outlined the horrendous living conditions where summary executions, widespread assault and violence were cited as tragic developments. "There are no winners, with only the people losing," he said.


ZamZam Bank Joins Commodity Exchange Payment System

The pioneering full-fledged interest-free commercial bank, ZamZam Bank, has become the 24th financial institution to join the Ethiopian Commodity Exchange's (ECX) payment system. CEO of the Exchange Wendemagegnehu Negera signed the deal with the President of the Bank Melika Bedri last week. According to the CEO, joining the platform which has around 11,000 accounts registered and has transacted over 386 billion Br so far, will allow a reliable mechanism whereby traders can be certain that pay...


AfDB, ADF to Chart Transformation Path at Diamond Jubilee

The African Development Bank (AfDB) and the African Development Fund (ADF) are gearing up for a major joint meeting in Nairobi, Kenya, expected to draw around 4,000 participants. The event, taking place at the Kenyatta International Conference Centre in late May, will focus on "Africa's Transformation," a theme reflecting the continent's ongoing pursuit of economic and social development. "Despite progress over the years, Africa's transformation remains incomplete," said Vincent O. Nmehielle...


Big Art Sale Returns to Addis

The annual Big Art Sale returns to Addis Abeba this weekend. Over 100 artists are expected to showcase their original works and prints at the Hilton Addis. What's Out Addis in partnership with the Hilton Hotel is behind the event that showcases the works of over 100 artists. Big Art Sale has been around for the past 18 years showcasing paints and prints. According to organisers, it offers a chance to meet the artists and enjoy a variety of art forms with a dedicated Kids' Corner and food and...