Djibouti and Egypt have signed a solar power production agreement. According to the agreement, Egypt will build a solar power plant in Djibouti. The proposed power plant will have the production capacity of 278.5 kilowatt. The project will be funded and built by the government of Egypt. Energy Ministers of the two countries signed the…
Somalia has reportedly requested Eritrea for the deployment of Eritrean soldiers in Somalia. The request was made recently when Hassan Sheikh, the President of Somalia, visited Eritrea. In Somalia, starting from January 2025, African Union’s new peacekeeping mission will take charge. The current mission has troops from Ethiopia, Uganda, Kenya, Burundi and Djibouti. Somalia does…
Ethiopian Banks on Tuesday lowered selling price of US Dollar and other foreign currencies after the National Bank of Ethiopia (NBE) issued new guidelines about foreign exchange rates. The National Bank of Ethiopia last night reminded commercial banks that the difference between the buying and selling price of foreign currency cannot be more than 2%….
How to buy Ethio Telecom Shares on Telebirr? This questions is being asked by the Ethiopian investors who are showing interest in buying the shares of Ethiopia’s state owned telecommunication company. Following information will be helpful for those who are interested in buying and selling Ethio Telecom Stocks. Price of Ethio Telecom Shares – The…
Ethiopian Air Force has reportedly intensified the air campaign against Fano militias. For the past one week, the air force has been trying to hit Fano fighters in various zones of the Amhara region. The new offensive on Fano militias by the Ethiopian military was launched around a week ago. One of the main weapons…
Somaliland authorities have announced that they have arrested a female spy sent by the government of Somalia. Somaliland is internationally recognized part of Somalia. But existing as a separate entity, it has been trying to get international recognition as a country. The self declared country is due to hold presidential election on November 13. The…
Ethiopia’s state owned telecommunication company, Ethio Telecom, will sell its shares on Wednesday. The company will sell its shares on Telebirr. Ethio Telecom is one of profitable Ethiopian entities. Earlier this year, the Ethiopian Prime Minister Abiy Ahmed announced that Ethio Telecom will sell its shares on the Ethiopian Stock Exchange. The stock market is…
Co Operative Framework Agreement (CFA) today came into force despite criticism by two downstream river Nile countries. CFA was opened for signing and ratification by river Nile countries in 2010. The agreement aims at fair use of river Nile by the 11 countries through which the river passes. River Nile passes through Tanzania, Uganda, Rwanda,…
News: Tigray People’s Liberation Front (TPLF), on Saturday, denied rumors that it had proposed a new name to replace the current Tigray Interim President. TPLF Debretsion Gebremichael group has removed Tigray interim president Getachew Reda from party and the Tigray interim administration after the worst internal party divisions. But Getachew Reda is refusing to step…
Kenya airways has announced suspension of passenger flights to Mogadishu. According to a statement issued by the airline, it will suspend passenger flights to Mogadishu from Oct 14. The airline cited “operational challenges” behind this decision. “Careful analysis and consideration in the best interest of the airline in the prevailing business environment” led to this…