Somaliland, on Wednesday, warned Turkey against potential deployment of Turkish naval forces in Somaliland’s territorial waters. “The Government of the Republic of Somaliland vehemently rejects any potential deployment of Turkish naval forces within Somaliland’s recognized maritime zones. These zones are delineated clearly under international law and are essential to the sovereignty and territorial integrity of…
Eritrea today announced a ban on Ethiopian airlines flights. Eritrean Civil Aviation Authority issued a statement in this regard. The Authority accused Ethiopian airlines of providing poor customer service to Eritrean passengers. “Cognizant of the consistent and persistent malicious trade practices pursued by Ethiopian airline in general and systematic and organizers passengers’ luggage theft, pilferage,…
Ethiopian Prime Minister this week warned Tigray People’s Liberation Front (TPLF) against holding party congress. The Prime Minister spoke about that while meeting with representatives of political parties. On Monday, some Ethiopian political parties met with the Prime Minister. The Prime Minister termed it as an engagement between government and opposition parties. However, major opposition…
Major Ethiopian opposition parties again boycotted a meeting called by the Ethiopian Prime Minister Abiy Ahmed. The meeting began on Sunday in Sululta town near Addis Ababa. Adem Farah, Prosperity Party Vice Chairman, opened the meeting. On Monday, Prime Minister Abiy Ahmed joined. “Earlier in April, I met with political party representatives to discuss cooperation…
Eritrean festival in Sweden is set to kick off on Thursday amid tight security. Last year, the the festival turned into a scene of deadly fighting between Eritrean rival groups. Eritrean festival in Stockholm Sweden is one of the largest Eritrean festivals organized in Europe. Eritrean Cultural Association organizes this program. Alem Teklegiorgis is leading…
Over 50 people were killed on Monday in landslides in the Gofa zone in southern Ethiopia. The death toll is expected to rise. It rose to over 200, according to latest reports. Dozens of people lost their lives in sudden landslide accidents that occurred in Gofa Zone, Southern Ethiopia, at around 4:00 am on Monday….
Fano Commander Asegid Mekonnen was arrested by the Ethiopian security forces in an operation launched today. Aseged Mekonnen is one of the three main Fano militia commanders in the North Shewa zone of the Amhara region. Mekataw and Aseged are two leading Fano commanders in Shewa. Eskinder Nega, politician-turned-Fano commander, is the third one. The…
The Board of Directors of the National Bank of Ethiopia has issued a directive allowing banks to invest in the Ethiopian Stock Exchange (ESX). The banks can invest in and establish subsidiary capital market service providers, including investment banks. According to the directive, a bank may hold equity shares in a single Insurance company not…
Turkey is going to deploy its naval forces in Somalia to protect Somalia’s territorial waters. On Friday, a motion was submitted by the government of Türkiye at the Turkish parliament to authorize Turkish President to deploy Turkish naval forces in Somalia’s territorial waters. In February, Türkiye and Somalia signed a defense agreement. The motion submitted…
The Ethiopian Stock Exchange (ESX) is about to be launched. A new directive has been issued to establish Ethiopia’s first licensed stock exchange. The directive was issued this week by The Ethiopian Capital Market Authority (ECMA). The ECMA was established in 2021, tasked with regulating the capital market through directives. The newly issued “Directive on…