FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo
Prime Minister Abiy Ahmed (PhD) won this year's Noble Peace Prize for his initiative in ending the border conflict between Ethiopia and Eritrea, which lasted for almost two decades.

Prime Minister Abiy Ahmed (PhD) won this year's Noble Peace Prize for his initiative in ending the border conflict between Ethiopia and Eritrea, which lasted for almost two decades.

The announcement was made today in Oslo, Norway, and Prime Minister Abiy is expected to receive the award this December. The award comes with close to 900,000 dollars as a prize.


Greta Thunberg, the 16-year-old environmentalist, was a finalist with Prime Minister Abiy. A total of 301 candidates, 223 individuals and 78 organizations, were in the running for this year's award.

"No doubt some people will think this year’s prize is being awarded too early," reads the statement from Norwegian Nobel Committee. "The Committee believes it is now that Abiy Ahmed’s efforts deserve recognition and need encouragement."



The Committee also highlighted the challenges in the country, which remain unresolved.

"Ethnic strife continues to escalate, and we have seen troubling examples of this in recent weeks and months," reads the statement.


Prime Minister Abiy is the first Ethiopian leader to win the Nobel, while Emperor Haile Selassie I was a nominee for the Nobel in 1964.


PUBLISHED ON Oct 12,2019 [ VOL 20 , NO 1015]

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.



Related Posts

Editors' Pick

Exclusive Interviews

State Enterprises from Oracles to Apprentices

Dec 22 , 2024 . By TIZITA SHEWAFERAW

Charged with transforming colossal state-owned enterprises into modern and competitiv...

Agenda

Rising Costs, Inflation Threaten Insurance Industry

Aug 18 , 2024 . By AKSAH ITALO

Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...

Agenda

BREWING DISCONTENT

Jul 28 , 2024 . By TIZITA SHEWAFERAW

Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...

Fortune News

Electric Vehicle Push Leaves Investors in the Lurch

Jul 13 , 2024 . By AKSAH ITALO

Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...

Commentaries

Fossil Fuels Arent Going Anywhere Despite Great Energy Transition Myth

Ideas and the words we use to frame them matter. For example, as the Cold War wound d...

Conflicts Upend Growth Story, Plunging Development Goals into Jeopardy

Once regarded as a rising economic star on the African continent, Ethiopia now finds...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

Addis Abeba's Gleaming Facade Masks a Parched Metropolis

Dec 21 , 2024

The main avenues and thoroughfares of Addis Abeba have undergone an impressive faceli...

When More of Everything Leaves Less in the Bank

Dec 14 , 2024

Ethiopia's monetary policy has shifted conspicuously in recent years. Gone is the era...

Fueling Reform, the Petroleum Sector Caught Between Monopoly Missteps, Market Liberalisation

Dec 7 , 2024

For decades the Ethiopian Petroleum Supply Enterprise (EPSE), a state-owned giant ent...

Crafting Public Service Reward in a Cash-Strapped Economy

Nov 30 , 2024

In the corridors of government offices worldwide, the question of how much to pay mem...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

Overcoming Emotional Impulses in Decision-Making

Have you ever made a split-second decision and later wondered, "What was I thinking?...

The Daily Struggles of Power Outages, Water Shortages

Addis Abeba was eerily silent over the past weekend, shrouded in darkness. The blacko...

Life Matters

Inadequate Regulation Leaves Tenants Vulnerable to Arbitrary Rental Hikes

The rental market in Ethiopia, like in many developing economies, is characterised by...

Lasting Treatments Instead of Temporary Relief

I have always avoided taking pills unless absolutely necessary: when I am genuinely u...