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United States Extends Residence Permits for Ethiopian Migrants

United States Extends Residence Permits for Ethiopian Migrants

Amidst the ongoing conflict in northern Ethiopia, the United States has taken a significant step by extending residence permits to Ethiopian migrants who have sought refuge within its borders. This move comes as a response to the dire situation faced by Ethiopians who had initially entered the United States on temporary visas, facing uncertainty and challenges in returning to their homeland. Initially, during the escalation of conflict in northern Ethiopia, the United States provided temporary residency permits for 18 months to Ethiopians.  This decision was motivated by the acknowledgment of the difficulties these individuals would encounter should they return to…
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Britain Cuts Off Tariffs to Ethiopian Flowers

Britain Cuts Off Tariffs to Ethiopian Flowers

Britain has announced a significant policy change regarding the importation of Ethiopian flowers, allowing them to enter the country duty-free. The British Trade Commission issued a statement lifting the 8 percent tax previously imposed on traders importing flower products into the UK, effective from April 11, 2024. This decision marks a pivotal moment for both British and East African economies. John Humphrey, the British Trade Commissioner, highlighted the positive implications of this move, emphasizing that tax-free imports will not only benefit flower producers and traders in East African countries but also stimulate flower production in Britain. Humphrey emphasized the mutual…
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Oromo Liberation Front Spokesperson Killed in Meki

Oromo Liberation Front Spokesperson Killed in Meki

Mr. Bete Urgesa, a spokesperson for the opposition Oromo Liberation Front Party (OLF), was tragically killed in Meki city, located 150 kilometers away from Addis Ababa, last night. According to his party's statement, he was taken from the hotel where he was staying and later found dead on the road. The OLF party unequivocally declared Mr. Bete Urgesa's death as an extrajudicial killing, asserting that it was a deliberate attempt to suppress the Oromo question and leave them leaderless. This incident adds to the distressing pattern of violence targeting prominent figures within the Oromo community, such as the renowned Oromo…
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Ethiopia Nears to the East African Community Membership

Ethiopia Nears to the East African Community Membership

Ethiopia is on the verge of becoming the newest member of the East African Community (EAC), marking the culmination of its efforts to strengthen economic ties within the region. Established 24 years ago, the EAC Alliance has consistently expanded its membership base, serving as a pivotal platform for fostering economic cooperation among East African nations. Another East African Country, Somalia, recently joined the alliance in November 2023, following a formal request made a year prior. The decision to accept Somalia as the eighth member country came after thorough evaluations conducted by the coalition's experts. With its headquarters located in Arusha,…
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Ethiopia Suffers $1.6 Billion Loss Due to Internet Shutdown

Ethiopia Suffers $1.6 Billion Loss Due to Internet Shutdown

NetBlocks, a renowned organization monitoring international internet services and issuing reports, has recently unveiled its 2023 report. According to this report, Ethiopia ranks second in terms of income loss after Russia following a significant internet shutdown. Russia incurred a staggering $4 billion loss in revenue due to disconnecting 113 million citizens from the internet, while Ethiopia, with approximately 30 million citizens affected, faced a substantial loss of $1.6 billion. The deliberate internet shutdown by the government is believed to have multifaceted motivations, including suppressing protests, restricting freedom of expression, and safeguarding election processes. Notably, Ethiopia is among the 25 countries…
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Commercial Bank of Ethiopia Suspends Loans

Commercial Bank of Ethiopia Suspends Loans

One of Ethiopia's oldest and wealthiest commercial banks has halted its lending operations, marking a significant development in the country's financial landscape. The decision comes amidst various procedures undertaken by the bank for loan disbursement, with reports indicating that even those already approved for loans are affected by the suspension. According to sources, customers who had been granted loan approval and were awaiting disbursement have been informed of the temporary suspension. Expressing their frustration, one such customer, preferring anonymity, recounted their experience of having their loan put on hold just as they were anticipating its release. Another customer shared a…
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Ethiopian Airlines Marks 78 Years of Trailblazing in African Skies

Ethiopian Airlines Marks 78 Years of Trailblazing in African Skies

Ethiopian Airlines Group, Africa's largest airline group, has marked its 78th anniversary, highlighting a legacy of resilience and innovation since 1946. Group Chief Executive Officer Mr. Mesfin Tassew and Chief Commercial Officer Mr. Lemma Yadecha accompanied the crew on a flight to Cairo, marking the airline's inaugural international service. Their involvement extended beyond in-flight duties, as they also provided assistance to passengers during check-in and boarding processes, ensuring a seamless travel experience. Regarding the occasion Ethiopian Airlines Group CEO Mr. Mesfin Tasew said, “This event symbolizes our unwavering commitment to our passengers and our belief that true leadership lies in…
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Ethiopia Grants Tax Exemption for Start-Ups

Ethiopia Grants Tax Exemption for Start-Ups

The Ethiopian Startups Exhibition Fair is currently underway at the Addis Ababa Science Museum, showcasing the burgeoning entrepreneurial spirit in the country. Prime Minister Abiy Ahmed, speaking at the Exhibition opening ceremony, highlighted the government's efforts to foster a conducive environment for start-ups, including the provision of various incentives. Among the reforms introduced to support start-ups are tax-free opportunities, allowing them to retain full foreign currency earnings from international transactions. Additionally, the requirement for a physical office space to obtain a business license has been eliminated, streamlining the registration process for aspiring entrepreneurs. Furthermore, the government is facilitating access to…
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Somaliland and Puntland Reject Closure of Ethiopian Consulates

Somaliland and Puntland Reject Closure of Ethiopian Consulates

Four months ago, Ethiopian Prime Minister Abiy Ahmed and the President of the self-declared independent Somaliland, Muse Bihi Abdi, inked a memorandum of understanding in Addis Ababa. This agreement, among other things, granted Ethiopia ownership of a port and recognized Somaliland as a sovereign state. However, this move has sparked significant outrage and opposition in Somalia, which considers Somaliland as part of its own territory. Last Thursday, Somalia declared that the Ethiopian ambassador must vacate Mogadishu within 72 hours, and the consular offices in Hargeisa and Garowe would be shuttered, with their staff required to depart Somalia within two weeks.…
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OSC and AFLAX  signed A New Partnership Agreement

OSC and AFLAX  signed A New Partnership Agreement

An imperative requirement of South-South cooperation and solidarity for a just, prosperous, and sustainable Third Way of Development was concluded yesterday following the signing of a Memorandum of Understanding (MoU) between the Secretary-General of the Organisation of Southern Cooperation (OSC), Manssour Bin Mussallam, and the Chief of Academy of the African Leadership Excellence Academy (AFLEX), Mr. Zadig Abreha, at the Headquarters of the intergovernmental organisation in Addis Ababa.  The forging of this MOU will open up a new way of development for the OSC and AFLEX to build sustainable partnership in the areas of capacity building and research undertaking initiatives. …
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