Ethiopia today finally launched Securities Exchange but with 1 listing only. Prime Minister Abiy Ahmed officially launched the Ethiopian Securities Exchange (ESX) today. “We have officially rung the bell to launch the Ethiopian Securities Exchange – the first stock exchange for our country. Invest in Ethiopia — a fast-growing economy with immense potential and a…
Fiery objects seen in parts of Southern and South Western Ethiopia lead to speculations. The objects were seen on Thursday night. The Ethiopian Space Science Society in a statement said that it was conducting investigation. It added that the objects looked like space debris or meteor rocks. It asked people to wait calmly until the…
Ethiopian Stock Exchange ESX is going to formally begin operations on Friday January 10. The bourse was initially due to be launched in November last year but technical issues delayed the launch. The newest stock exchange in Africa is hoping to list around 50 companies. Business entities from Kenya, South Africa and Nigeria have shown…
Ethiopian Parliament today passed a draft law to punish those who hoard and sell fuel at unauthorized locations. The House of People’s Representatives (HoPR) approved the regulation to ensure uninterrupted supply of petroleum products. Earlier this week, Ethiopian security forces recovered dozens of fuel tankers hidden in the Afar region of Ethiopia. The oil tankers…
Azerbaijan has issued a diplomatic note to Eritrea about detention of its 3 ships by Eritrean navy. Eritrea has no embassy in Azerbaijan. The notes were issued to the Eritrean embassies in Ethiopia and the Russian Federation. On November 7, 2024, the vessels CMS Pahlavan, CMS Igid, and CMS-3, operated by the Azerbaijani branch of Caspian Marine Services B.V….
Fuel prices were increased in Ethiopia by over 11% today. The Federal Ministry of Trade and Regional Cooperation announced new prices this evening. The rising fuel prices are linked to recent financing agreements between the Ethiopian government and International Monetary Fund & World Bank. The fuel price increase is due to gradual reduction of costly…
Fano militia on Sunday kidnapped Dangila district administrator. Gojjam Fano released a statement in this regard. According to the statement released by Gojjam Fano, 7 government officials, including the chief administrator of Dangla district, had been captured on Sunday, for allegedly insulting the name of the orthodox church. Fano militias are armed groups fighting in…
A 2-day ban on transport in Guji Oromia was lifted on Monday evening. Since 2023, protests have been ongoing in East and West parts of Guji. In 2023, Oromia regional government restructured the Oromia region. East Borena zone was created with part from East Guji, Bale and Borena included in the new zone. Negele town…
Tigray: Talks between rival TPLF groups have failed. It was announced by the Vice President and Head of the Cabinet Secretariat for Peace and Security Tigray General Tadesse Worede. The General briefed journalists in Mekelle today. Tigray People’s Liberation Front (TPLF) is split in two. The two groups accuse each other of working against Tigray…
Experts are warning about the possibility of a deadly earthquake in Ethiopia. In a series of several, another strong earthquake struck Ethiopia last night at 9:52 PM. Measuring 5.8 on the Richter scale, it occurred 56 kilometers from Abomsa. The tremors were felt strongly in Addis Ababa, Dessie, Kombolcha, Debre Berhan, Burayu, Adama etc. Many…