Ethiopia’s first investment bank Wegagen Capital has formally launched operations. The launching ceremony of Wegagen Capital Investment Bank S.C. was held at Hilton hotel in Addis Ababa last night. In March this year, Ethiopian Capital Market Authority (ECMA) granted licenses to two investment banks. CBE Capital S.C, affiliated with the Commercial Bank of Ethiopia (CBE),…
The chief of Sudan’s RSF has warned Eritrean President Isaias Afwerki. Rapid Support Forces (RSF) led by Hamdan Dagalo have been fighting the Sudanese military led by General Abdul Fattah al Burhan since 2023. RSF chief, in a public speech on Monday, accused Eritrean President Isaias Afwerki. “Isaias Afwerki has been involved in war by…
Ethiopian Politician Taye Dendea has been arrested again. He has been arrested twice in the last 18 months. Taye Dandea is a senior leader of ruling Prosperity Party. He is from the Oromia region. He is very critical of Ethiopian Prime Minister Abiy Ahmed and Prosperity Party Oromia branch. He was initially arrested in December…
Keria Ibrahim has joined newly formed Solidarity Party. The party is led by Getahew Reda, State Minister and Advisor to Prime Minister on East Africa Affairs. Both Keria Ibrahim and Getachew Reda were expelled from Tigray People’s Liberation Front (TPLF). Keria,who served as Speaker of House of Federation (2018-2020), was removed from TPLF in February…
American Citibank is in talks to enter the banking sector in Ethiopia. Citibank was founded in 1812 as City Bank of New York. Now it has branches in 19 countries. Citibank has no physical presence in Ethiopia until now. However it has been financing deals with Ethiopian Airlines. It has been a major player in…
Somalia’s cabinet has reappointed Mahad Mohamed Salad as head of the National Intelligence and Security Agency (NISA), replacing Abdullahi Sanbaloolshe, who took over the post on April 9, 2024. Hamza Abdi Bare, the Prime Minister of Somalia, on Saturday, chaired an emergency meeting of the Council of Ministers. According to state media, the reappointment came…
The blockade of Tigray region of Ethiopia has been partially lifted. It was lifted after talks between Tigray President & Ethiopian Federal Police Chief. For several days, the movement of trucks was being restricted from the Amhara and Afar regions towards Tigray. Federal Police had set up checkpoints in the two regional states bordering Tigray….
Solidarity Party formed by Getachew Reda, the former President of Tigray, has announced to hold a party congress in the Tigray region within the next 45 days. The party held its first press conference in Addis Ababa today. Redai Halefom, the party spokesperson, briefed the media about the new party. National Election Board of Ethiopia…
General Tsadkan Gebretensae has returned to Ethiopia after staying abroad for several months. The General joined Tigray People’s Liberation Front in 1976. After the removal of Derg in 1991, he worked as the Chief of Staff of the Ethiopian National Defense Force. During Ethiopia Eritrea 1998 war, he developed differences with Prime Minister Meles Zenawi…
Solidarity party led by ex TPLF leader Getachew Reda has announced to hold party congress in Tigray. Tigray Democratic Solidarity, the new political party, was registered by National Election Board of Ethiopia (NEBE) this week. After the preliminary registration, NEBE directed the new party to meet other requirements including holding of party congress. Redai Halefom,…