GERD Talks in Kinshasa Collapse over Observers Role

GERD Talks in Kinshasa Collapse over Observers Role

April 7 , 2021

Talks between foreign and water ministers of Ethiopia, Sudan and Egypt have collapsed this week, after Ethopian negotiators rejected the idea of elevating observers role. Ethiopia's delegation was led by Demeke Mekonnen, deputy prime and foreign minister, and comprised Seleshi Bekele (PhD), minister of Water, Irrigation & Energy. Concludi...

== Talks between foreign and water ministers of...

Abyssinia Shareholders Opt to Raise Subscribed Capital to 10b Br

Abyssinia Shareholders Opt to Raise Subscribed Capital to 10b Br

April 1 , 2021

Shareholders at the Bank of Abyssinia have agreed to massively increase the Bank's subscribed capital from the current four billion Br to 10 billion Br during their 12th extraordinary general assembly held earlier today. The Bank will avail 240 million shares for sale in order to raise the six billion Br. Shares sales are expected to be finalise...

== Shareholders at the Bank of Abyssinia have ag...

Africa Groundbreaking Transaction in Trade Comes with Fertilizer to Ethiopia

Africa Groundbreaking Transaction in Trade Comes with Fertilizer to Ethiopia

March 31 , 2021

A groundbreaking transaction involving 270 million dollars through blockchain involves the shipments of fertilizer from Morocco to Ethiopia. The transaction amount is part of a 400 million dollar deal the OCP Group, a phosphate mining and fertilizer company, has entered with Ethiopia. Financed with a loan from the Eastern & Southern African...

A groundbreaking transaction involving 270 mi...

Parliament Passes Commercial Code Unanimously

Parliament Passes Commercial Code Unanimously

March 25 , 2021

Members of parliament have ratified the Commercial Code earlier today, marking the first time in over six decades that the Code has seen any major revisions. Revised after 62 years, the new Code allows for the legal recognition of holding companies and single member companies, as well as allowing virtual shareholder meetings. The new Code als...

Members of parliament have ratified the Comme...

Electoral Board Finalises Candidate Registration

Electoral Board Finalises Candidate Registration

March 11 , 2021

A total of 8,209 candidates have been registered for the sixth National Election. The Prosperity Party registered the highest number of candidates at 2,432, while EZEMA holds second place with 1,385 candidates registered. 125 private candidates have also signed on. Candidate registration was completed on March 9, 2021, following a four-day deadl...

A total of 8,209 candidates have been registe...

Rights Commissioner Urges Access for Humanitarian Aid, Media in Tigray

Rights Commissioner Urges Access for Humanitarian Aid, Media in Tigray

February 22 , 2021

Full access needs to be granted to humanitarian aid agencies and the international and domestic media to improve war impacted situation in Tigray Regional State, Daniel Bekele, commissioner of the Human Rights Commission, told a virtual panel held today. Daniel believes the most consequential impact of the war has been the complete collapse of l...

Full access needs to be granted to humanitari...

A Divided Europe Threatens Ethiopia with More Aid Suspensions

A Divided Europe Threatens Ethiopia with More Aid Suspensions

February 18 , 2021

Upcoming budgetary support from the European Union (EU) amounting to 100 million euros may be facing a potential deferral due to the humanitarian crisis unfolding in Ethiopia’s northern region. The disbursement of these funds for the year 2021 need to be well thought out, according to Jutta Urpilainen, EU commissioner for international partner...

Upcoming budgetary support from the European...