The Reporter (Ethiopian Reporter English)


Гео и язык канала: Эфиопия, Английский
Категория: Новости и СМИ


“The Reporter” is weekly English newspaper published by MCC with the motto “Free Press, Free Speech, Free Spirit”. Facebook: https://www.facebook.com/TheReporterET Twitter: @TheReporterET LinkedIn: linkedin.com/in/the-reporter-ethiopia-601657142

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Гео и язык канала
Эфиопия, Английский
Категория
Новости и СМИ
Статистика
Фильтр публикаций


#News_Alert

Foreign Ministry denies Ethiopian involvement in Doolow attack

The Ministry of Foreign Affairs said it is “dismayed” by a statement from the Somali government incriminating Ethiopian forces in a deadly attack on Somali security personnel on the morning of December 23, 2024.

A statement released by the Somali Foreign Ministry yesterday blamed Ethiopian forces for an “unprovoked and unexpected” attack on the border town of Doolow, which it says resulted in numerous injuries and fatalities, including civilians, at three different security bases.

The development comes less than two weeks after Prime Minister Abiy Ahmed and Somali President Hassan Sheikh Mohamud agreed to put an end to the tensions that have marred relations between the two countries for the past year. The terms of the ‘Ankara Declaration’ will reportedly grant Ethiopia maritime access under the “sovereign authority” of Somalia...

https://www.thereporterethiopia.com/43081/


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https://www.thereporterethiopia.com/43065/


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#NEWS_ALERT

Ethiopian expands into DRC with Air Congo

The Ethiopian Airlines Group has finalized an agreement with the government of the Democratic Republic of Congo that will grant the carrier a 49 percent stake in Air Congo.

Ethiopian will control Air Congo’s management, according to a statement released today.

The agreement also includes terms for an aircraft lease arrangement, technical and systems support, and training for pilots, cabin crew, and sales staff, reads the statement.

Air Congo joins the likes of ASKY, Malawi Airlines, and Zambia Airways under Ethiopian’s acquisitions and partnerships in Africa under its Vision 2035 strategy.

“The launch of Air Congo is a significant step in our strategic plan to collaborate with African governments and enhance air transport across the continent,” said CEO Mesfin Tasew. “The partnership will provide greater connectivity for the DRC and central Africa, facilitating investment, trade, and tourism.”


#NEWS_ALERT

Banking industry opens to foreign business

The Ethiopian banking industry is open to foreign investment for the first time in half a century as lawmakers finally ratify the amended Banking Business Proclamation.

The bill was passed today with only three MPs voting in opposition following a lengthy discussion in Parliament today.

Among those who opposed the bill was Desalegn Chane (PhD), who argued the National Bank of Ethiopia (NBE) lacks the capacity to regulate foreign banks.

He fears liberalizing the industry would crowd out domestic banks and hurt small and medium businesses by funneling finance towards large conglomerates.

Desalegn also questioned what the move would mean for industry shareholders, particularly those who own stakes in recently formed third generation banks.

Central bank Governor Mamo Mihretu, however, brushed aside the concerns and stated the bill would enable the NBE to scale up its regulatory prowess.


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NEWS ALERT

Ethiopia, Somalia to reach maritime agreement by June 2025

A Türkiye-facilitated meeting between Prime Minister Abiy Ahmed (PhD) and Somali President Hassan Sheikh Mohamud ended yesterday with promises to reach a commercial maritime arrangement between the two Horn countries by June next year.
The deal, negotiations for which are set to start in February, would allow Ethiopia sea access under the “sovereign authority” of Somalia, according to a statement released yesterday.
The ‘Ankara Declaration’ signed by both leaders states intentions to “leave behind differences and contentious issues and forge ahead in a cooperative manner.”
Although the third round of talks in Ankara could mark an end to the tensions that have defined relations between Addis Ababa and Mogadishu for the past year, the Declaration fails to mention the fate of the sea access deal signed with breakaway Somaliland in January.
The development also comes amid reports that the incoming Trump administration is prepared to recognize the sovereignty of Somaliland.
What the Ankara Declaration will mean for Ethiopia’s participation in an upcoming African Union-led peacekeeping mission in Somalia is also unclear. Over the past few months, Mogadishu has vehemently spoken out against the inclusion of Ethiopian troops in AUSSOM.
However, the Declaration hints the position might change.
“Somalia recognizes the sacrifices of Ethiopian soldiers within the African Union Missions,” it reads.




NEWS ALERT

Stock Exchange Receives License

Officials at the Ethiopian Capital Market Authority have granted the Ethiopian Securities Exchange (ESX) an operational license.

The Exchange is also licensed to operate as an Over the Counter (OTC) market, according to a statement released today.

The Exchange is expected to debut the coming weeks after raising more than 1.5 billion birr from 48 investors, including 16 of the country’s commercial banks and 12 insurers.

Three foreign investors – the Trade and Development Bank (TDB), FSD Africa, and the Nigeria Exchange Group (NGX) – have also acquired stakes in the upcoming capital market.

“ESX has deployed a cutting-edge electronic trading platform, a shared broker back office, and order management systems, ensuring secure, efficient, and accessible trading,” reads the statement.


This Week's The Reporter Print Edition is Now Out!
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Stay connected and informed with The Reporter Magazine's December issue, delving into the latest political, economic, social, and cultural trends.

Visit our Website: www.TheReporterMagazines.com

E-Print : https://thereportermagazines.com/e-print-december-3/

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Ethiopian Airlines Leading Africa’s Entry into the Space Industry?

Why Major African Tech Companies Should Invest in Small Satellite (SmallSat) Production and Internet-Related Services
https://thereportermagazines.com/3404


Want an unbiased, non-political look at the current state of Amhara Region?

Hear firsthand accounts from ordinary citizens sharing the raw reality of what they are living through.

The Reporter Magazine has been on the ground. Find our special report here https://thereportermagazines.com/3399/


This Week's The Reporter Print Edition is Now Out!
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Digital Edition available online via www.thereporterethiopia.com

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This Week's The Reporter Print Edition is Now Out!
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Digital Edition available online via www.thereporterethiopia.com

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