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Ethiopian Development Bank Sells Over $6 Million Worth of Grand Renaissance Dam Bonds

Ethiopian Development Bank Sells Over $6 Million Worth of Grand Renaissance Dam Bonds

Posted on November 4, 2016Author Zegabi NewsPosted in Africa, Economy, Top StoriesLeave a Reply

Source: Fana Broadcasting Corporation
The Development Bank of Ethiopia (DBE) said it has sold Grand Ethiopian Renaissance Dam (GERD) bonds worth $6.4 million in the…

Ethiopian State of Emergency Restricts Movement, Bans Opposition News Site and Public Gatherings

Ethiopian State of Emergency Restricts Movement, Bans Opposition News Site and Public Gatherings

Posted on October 16, 2016Author Kofi SaaPosted in Africa, Economy, Security, Top StoriesLeave a Reply

Ethiopian authorities have announced a set of rules as part of the ongoing state of emergency in the country, which was declared last week in…

Oromo Anti-Government Protesters Attack and Destroy Aliko Dangote’s Cement Factory in Ethiopia

Oromo Anti-Government Protesters Attack and Destroy Aliko Dangote’s Cement Factory in Ethiopia

Posted on October 6, 2016October 6, 2016Author Kofi SaaPosted in Africa, Economy, Security, Top StoriesLeave a Reply

Anti-government protesters in Ethiopia’s Oromia region have attacked a cement factory belonging to Nigeria’s Aliko Dangote, the richest man in Africa.
The demonstrators were protesting…

Ethiopia to Raise $58 Million for the Construction of the Ethiopian Grand Renaissance Dam

Ethiopia to Raise $58 Million for the Construction of the Ethiopian Grand Renaissance Dam

Posted on September 18, 2016September 18, 2016Author Kofi SaaPosted in Africa, Economy, Technology, Top StoriesLeave a Reply

Ethiopian authorities have announced plans to raise 1.8 billion Birr (about $58 million) for the construction of the Ethiopian Grand Renaissance Dam (GERD).
The Office…

Cashier Robs $530,000 from Somalia’s Central Bank and Flees

Cashier Robs $530,000 from Somalia’s Central Bank and Flees

Posted on August 25, 2016August 25, 2016Author Kofi SaaPosted in Africa, Economy, Security, Top StoriesLeave a Reply

Somali authorities on Thursday announced that about $530,000 has been stolen from the country’s central bank. The government confirmed reports of the theft via Twitter.…

Ethiopia Installs Two Turbines in 50 Percent Complete Grand Renaissance Dam

Ethiopia Installs Two Turbines in 50 Percent Complete Grand Renaissance Dam

Posted on August 9, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

Ethiopian officials announced on Tuesday that two turbines have been installed at the Grand Renaissance Dam (GERD). The turbines would allow the dam to generate…

Winning Numbers of Ethiopian Grand Renaissance Dam Lottery Announced in Addis Ababa

Winning Numbers of Ethiopian Grand Renaissance Dam Lottery Announced in Addis Ababa

Posted on June 28, 2016Author Kofi SaaPosted in Africa, Economy, Technology, Top StoriesLeave a Reply

Ethiopian officials have announced the winners of the Grand Renaissance Dam Lottery, which was created to allow Ethiopian nationals to contribute to the construction of…

Eritreans in Europe Protest in Support of UN Report Accusing Eritrean Leaders of Committing Crimes Against Humanity

Eritreans in Europe Protest in Support of UN Report Accusing Eritrean Leaders of Committing Crimes Against Humanity

Posted on June 24, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

Eritreans in Europe have gathered in Switzerland to protest in support a new United Nations Commission of Inquiry (COI) report that accuses Asmara of committing…

14 Charged With Defrauding Ethiopian Shipping Lines & Logistics Services Enterprise of 19 Million Birr

14 Charged With Defrauding Ethiopian Shipping Lines & Logistics Services Enterprise of 19 Million Birr

Posted on June 23, 2016June 23, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

A former employee of the Ethiopian Shipping Lines & Logistics Services Enterprise (ESLSE) has been charged with masterminding a scheme to defraud the company of…

Congo Border Guards Intercept Zambian Truck Smuggling 95 Ethiopians, Find 19 Dead of Suffocation

Congo Border Guards Intercept Zambian Truck Smuggling 95 Ethiopians, Find 19 Dead of Suffocation

Posted on June 18, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

Authorities in Congo have discovered the bodies of 19 Ethiopian migrants who died of suffocation in the back of a Zambian registered truck used for…

Kenyan Politicians Exchange Punches During Inquiry Into Misappropriation of Funds

Kenyan Politicians Exchange Punches During Inquiry Into Misappropriation of Funds

Posted on June 15, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

The Governor and the Senator of Kenya’s capital, Nairobi, engaged in a fist fight after a heated argument during a Senate Public Accounts Committee session…

Eritrean Refugee Wrongly Arrested and Extradited to Europe on Mass Human Trafficking Charges

Posted on June 9, 2016Author Kofi SaaPosted in Africa, Economy, Security, Top StoriesLeave a Reply

Medhanie Yehdego MeredPolice in Britain and Italy are currently investigating the possibility that a suspected Eritrean human smuggler, who was extradited to Europe this week from Sudan,…

Uber Launches Operations in Uganda’s Erratic Transport Market

Posted on June 3, 2016Author Kofi SaaPosted in Africa, Economy, Technology, Top Stories, TourismLeave a Reply

MG_3003Uber has launched its online transport network service in Uganda following its success in other African countries.
Kampala is the 10th city in Africa where…

Eritrea Blames International Conspiracy for Mass Migration of Citizens

Posted on May 31, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

osman_sergeyEritrea’s government has blamed the mass migration of its citizens on a politically-sponsored conspiracy designed to destabilize and isolate the country by tarnishing its image.…

Ethiopian Maid Sues Former U.S. Diplomat for Sexual Abuse and Human Trafficking

Posted on May 26, 2016May 26, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

2C04479900000578-3223986-image-a-2_1441576730402An Ethiopian woman in Washington, D.C. is suing a former U.S. diplomat and her late husband’s estate for sexual abuses suffered while she worked for…

Eritreans, Ethiopian and Sudanese Among 28 Illegal Immigrants Arrested Hiding in Refrigerated Truck in Britain

Posted on May 24, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

98701437_Portsmouth-large_trans++eo_i_u9APj8RuoebjoAHt0k9u7HhRJvuo-ZLenGRumAOfficials in Britain have arrested 28 illegal African immigrants who were found hiding in the back of a refrigerated lorry.
Police reportedly discovered the truck…

Eritrea Celebrates 25th Independence Anniversary Amid Immigration Crisis

Posted on May 23, 2016Author Kofi SaaPosted in Africa, Economy, Security, Top StoriesLeave a Reply

Eritrean Toronto FestivalEritreans across the globe are celebrating 25 years since their country attained independence. Thousands in the diaspora are expected to travel to Asmara for the…

9 Filipino Fishermen Caught Fishing in Eritrean Waters Released After 9 Months in Detention

Posted on May 22, 2016Author Kofi SaaPosted in Africa, Economy, Security, Top StoriesLeave a Reply

Filipino fishermen wave from a fishing boat bound to fish near Scarborough Shoal in MasinlocEritrea has released nine Filipino fishermen who were arrested in February for illegally fishing in the waters of the East African country.
The Filipino fishermen…

Kuwait Seeks to Ban Ethiopian Maids in 2 Years After Report of Premeditated Murders Targeting Employers

Posted on May 20, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

137586309Kuwaiti officials are pursuing a proposal for the government not to renew the work and residence permits of all Ethiopian maids as a short-term approach…

Climate Change and Aggressive Farming Could Cripple Ethiopia’s Coffee Production by 2100, Study Warns

Posted on May 19, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

coffee-cherries_3196092bA new study has revealed that climate change and aggressive farming may make growing coffee impossible by the end of the century.
The study, complied…

Ethiopia Hosts Another Tripartite Meeting Over Grand Renaissance Dam

Posted on May 7, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

 Ethiopia hosted another tripartite meeting over the technical studies of the Grand Ethiopian Renaissance Dam (GERD) in Addis Ababa this week.
The irrigation and foreign…

Ethiopia’s Historical Consumption of Coffee Threatened by Export Ambitions

Posted on May 5, 2016May 5, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

4188485745_ac18ba9290_zEthiopian coffee farmers are in a tug-of-war with the government over the amount and quality of coffee beans to be exported and consumed locally.
The…

Ethiopian Man Shot Dead While Asleep in His Kentucky Home

Posted on April 12, 2016April 12, 2016Author Kofi SaaPosted in Africa, Economy, Security, Top StoriesLeave a Reply

police-tape-crime-sceneAn Ethiopian man in his 30s has been found dead from gunshot wounds in his Chickasaw, West Louisville home on Tuesday morning following an overnight…

Italian Financial Firm to Fund Construction of 2,000 MW Dam in Ethiopia

Posted on April 6, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

126864-004-702CCFBBEthiopia has announced the construction of a 2,000 MW capacity dam, which would be funded by an Italian credit firm.
Ethiopia’s Prime Minister Hailemariam Desalegn…

Egypt Questions Ethiopia Over Construction of New 2000 MW Dam

Posted on March 17, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

Water Resources and Irrigation minister Hossam MoghazyEgypt has questions for Ethiopia regarding the construction of a new 2,000-megawatt dam which was announced by Prime Minister Hailemariam Desalegn during a speech in…

Ethiopian Airlines Nose Gear Collapse Accident Caused by Human Error: Investigations Reveals

Posted on March 11, 2016Author Kofi SaaPosted in Africa, Economy, TechnologyLeave a Reply

Ethiopian_Airlines_Boeing_767-300ERAn investigation to discover why the nose gear of an Ethiopian Airlines Boeing 787-800 aircraft collapsed before takeoff last week, has revealed that the accident…

Ethiopian Maid Suspected of Killing Sleeping Kuwaiti Woman Dies in Police Car After Interrogation

Posted on March 7, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

20151229_20151229101129KuwaitCentralprisonAn Ethiopian maid, who was facing manslaughter charges in Kuwait for killing the daughter of her sponsor while the victim was asleep, died on Friday,…

Eritrea to Maintain Controversial Conscription Policy Despite Mass Migration of Citizens

Posted on February 25, 2016February 25, 2016Author Kofi SaaPosted in Africa, Economy, Security, Top StoriesLeave a Reply

swissleaksEritrea has reiterated its commitment to maintaining its controversial conscription policy, which analysts say is one of the main reasons why Eritreans make up a…

Leaders of Ethiopia, Egypt and Sudan Sign Cooperation Agreement During Meeting on Renaissance Dam

Posted on February 20, 2016February 20, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

nile-three-leaders_3242723bThe Presidents of Egypt, Ethiopia and Sudan agreed to join forces on Saturday after a meeting regarding updates on the construction of the Ethiopia Grand…

Ethiopian Maid Attempts Suicide After Killing Sleeping Kuwaiti Woman

Posted on February 11, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

137586309An Ethiopian maid is facing manslaughter charges in Kuwait for allegedly killing the daughter of her sponsor by slitting her throat while the victim was…

Ethiopia Airlines to Resume Addis Ababa-New York Flight After 12-Year Hiatus

Posted on January 22, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

7976148956_96840c076a_zEthiopian Airlines has announced plans of resuming its operations in New York’s John F. Kennedy International Airport after a 12-year hiatus.
The multi-award winning airliner…

UN Seeks $50 Million to Combat Effects of Worsening Ethiopian Drought

Posted on January 18, 2016Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

eth-640x426The ongoing El-Niño induced drought — the worst Ethiopia has experienced in three decades — is worsening and has left about 400,000 children suffering from…

Viral Amateur Video Shows Plight of Ethiopian Women in Kuwaiti Prison

Posted on December 29, 2015Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

MDG--Ethiopian-worker-rep-008An amateur video showing the plight of a group of Ethiopian women in a Kuwaiti prison has gone viral, leading to calls for their release.…

Ethiopian Woman Beats Kuwaiti Man who Offered Her Money for Sex

Posted on December 2, 2015Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

jail-barsPolice in Kuwait have arrested a 22-year-old man who was beaten by an Ethiopian woman after he offered her money for sex.
According to Kuwait…

Ethiopia Struggles with Frequent Power Cuts After Failed Rains

Posted on December 1, 2015Author Kofi SaaPosted in Africa, Economy, Technology, Top StoriesLeave a Reply

OLYMPUS DIGITAL CAMERAEthiopia is experiencing power cuts and this may become a frequent phenomenon as low rainfall has left dams with depleting water levels.
This week, there…

African Union to Implement Single African Passport by 2020

Posted on November 30, 2015Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

SONY DSCThe African Union (AU) has reiterated its plan of creating a single passport to ease the movement of people and goods across the continent.
AU…

Ethiopians to Use One ATM Card Across all Banks

Posted on November 25, 2015Author Kofi SaaPosted in Africa, EconomyLeave a Reply

8004356579_5993bd57f2_zThe National Bank of Ethiopia (NBE) has announced that by the end of this fiscal year, Ethiopians would be able to use one ATM and…

11 Western Nations Pledge to Help Kenya Fight Widespread Corruption That is Crippling Economy

Posted on November 13, 2015November 13, 2015Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

3802366413_bd5203dc99_oEleven European Union (EU) diplomats including representatives of Britain, the United States and Japan warned on Thursday that widespread corruption is destroying Kenya’s economic growth…

Kenyan Military Denies Financing al-Shabab through Sugar and Charcoal Smuggling

Posted on November 12, 2015Author Kofi SaaPosted in Africa, Economy, Security, Top StoriesLeave a Reply

The Kenyan military has allegedly been smuggling sugar and charcoal from Somalia since 2011 when it invaded the war-thorn country to fight militant Islamist group,…

Emperor Haile Selassie’s 18k Gold Wristwatch Auction Suspended as Family Disputes Ownership

Posted on November 10, 2015Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

5367908655_96cf44941c_mA Swizz judge has suspended the auction of an 18 karat gold wristwatch which allegedly belonged to Ethiopia’s last Emperor Haile Selassie. The judge made…

6 Ethiopians Burned to Death in Latest South Africa Xenophobic Attacks

Posted on November 7, 2015Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

66f64e052d3247361e160fbcda9951a17007ba98In a new spate of violent xenophobic attacks to hit South Africa, six Ethiopian nationals have been killed this past week in separate incidents.
On…

Ethiopia Faces Hunger Crisis as El Nino-Inspired Drought Affects Millions

Posted on October 23, 2015Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

ethEthiopia’s agriculture-dependent rural population has been affected by severe weather patterns. This year, the worst drought in a decade is expected to hit a large…

Ethiopia eager to host Africa’s foremost football tournament

Posted on September 16, 2014September 16, 2014Author Kofi SaaPosted in Africa, Economy, Sports, Top StoriesLeave a Reply

Ethiopian Prime Minister Hailemariam Desalegn has expressed optimism about the country’s chances of winning the bid to host the 2017 Africa Cup of Nations (AFCON).…

President Uhuru signs Finance Bill and Victim Protection Act 2014 into law

Posted on September 15, 2014September 15, 2014Author Zegabi NewsPosted in Africa, Economy, Security, Top StoriesLeave a Reply

By PSCU/O’brien Kimani
 NAIROBI (KBC) – President Uhuru Kenyatta has signed into law the Finance Bill 2014 introducing sweeping changes to the administration of taxes…

Rwanda commissions East Africa’s largest solar plant

Posted on September 13, 2014Author Kofi SaaPosted in Africa, Economy, Top Stories, TourismLeave a Reply

KIGALI – The Rwandan government has commissioned the country’s first utility scale solar plant, which is also the biggest in the region.
The solar photovoltaic…

East African currencies continue to struggle against the US Dollar

Posted on September 13, 2014September 16, 2014Author Zegabi NewsPosted in Africa, Economy, Top Stories, TourismLeave a Reply

(The East African) – East African economies are feeling the pinch of inflation as their currencies continues to weaken against the dollar.

By Allan Olingo…

AU holds emergency meeting on Ebola in Addis Ababa

Posted on September 8, 2014Author Zegabi NewsPosted in Africa, Economy, Health, Security, Top Stories, TourismLeave a Reply

 Standard Digital-(Addis Ababa)-African Union chiefs held an emergency meeting Monday to hammer out a continent-wide strategy to deal with the Ebola epidemic, which has killed…

Kenya secures $113m to build 1,550km road connecting Burundi

Posted on September 6, 2014Author Zegabi NewsPosted in Africa, Economy, Top Stories, TourismLeave a Reply

By Christabel Ligami and Adam Ihucha
 Kenya has secured $113 million from the African Development Bank for the construction of a transit route from the…

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