Ethiopia: ONLF has suspended its participation in the Ethiopian National Dialogue. The announcement came from the Ogaden National Liberation Front through an official statement. ONLF was established in 1984 to fight for the Somalis in the Ogaden for their right of self-determination. They demanded autonomy of this region and began an insurgency in 1994 aimed…
Ethiopian military today announced that Fano fighters surrendered to military command post in Gondar. Fano militias have been fighting in Amhara region since last year. Fano groups say that they are fighting for Amhara people. They accuse the government of Ethiopian PM Abiy Ahmed of massacring Amhara people. The government, on the other hand, says…
Egypt has threatened to put Somaliland under a naval blockade. The remarks about the naval blockade around Somaliland were made by the Egyptian Foreign Minister in an interview. Badar Abdelttay the FM, in an interview, said Egypt will impose Somalia’s will over the sovereign territories of Somalia. He added that Egypt can impose a naval…
The International Monetary Fund (IMF) on Friday appreciated the Ethiopian govt for macro economic reforms. The lending institution, in its executive board’s meeting, allowed disbursement of $340.7 million to Ethiopia while approving the first review of Ethiopia’s $3.4 billion lending program. “The implementation of the authorities’ economic program, including the transition to the new exchange…
Somaliland President Muse Bihi Abdi, on Friday, issued 3 decrees about the upcoming Presidential Election. The election will be held on the 13th November 2024. Ruling Kulmiye party led by President Muse Bihi Abdi is one of the 3 main parties contesting the election. Waddi Party led by Abri Rahman is main challenger to Kulmiye….
Ethiopian Securities Exchange (ESX) has signed a Memorandum of Understanding (MoU) with the Nairobi Securities Exchange (NSE) and the i-Capital Africa Institute. The MoU is aimed at promoting cross-border investments, knowledge exchange, and capacity building. The Nairobi Securities Exchange (NSE) is the third oldest securities exchange in Africa. Ethiopian securities exchange hopes to learn from the Nairobi…
Gedion Timotheos has been appointed as the new foreign minister of Ethiopia. Abiy Ahmed, the Ethiopian Prime Minister made appoints of 3 ministers today. Gedion Timotheos was working as the Minister of Justice. He was one of the member of the Ethiopian federal government’s team which negotiated Pretoria Peace Deal with the Tigray People’s Liberation…
Ethio Telecom on Wednesday released a document called “Ordinary Share Sale Prospectus” for those interested in buying its shares. You can download the document HERE. The state owned Ethiopian Telecommunication company has offered 100 million shares for sale to Ethiopian investors. With 300 fixed as price of one share, any Ethiopian citizen with Ethio Telecom…
At least 7 people were killed and several injured in a suicide blast at a police academy in Mogadishu, the capital of Somalia. A suicide bomber blew himself up inside General Kahiye Police Academy on Thursday evening. The blast happened at a tea stall in the academy. 7 deaths have been confirmed so far by…
Rumors are going around about Fano Commander Zemene Kassie. It is being rumored that the Fano commander has been killed. The rumors about one of the key Fano commanders began at the end of last week. Zemene Kassie is from the Gojjam zone of the Amhara region. The group of Fano fighters he is leading…