Author: Ethiopian Press Digest

By Muluken Yewondwossen In a recently released report by the World Bank, titled Country Climate and Development Report (CCDR), it is stated that Ethiopia’s transition to a market economy has been hindered, and its external competitiveness has been undermined by a state-led growth model that heavily relied on imports and public investments. The growth model was characterized by pervasive price distortions and an overvalued exchange rate. The report emphasizes the need for the government to expedite structural reforms to build a climate resilient economy. Ethiopia has been grappling with significant macroeconomic imbalances, financing challenges, a depletion of external reserve buffers,…

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By our staff reporter In a recent report titled “Scars of War and Deprivation: An Urgent Call to Reverse Tigray’s Humanitarian Crisis,” alarming details have emerged regarding the ongoing crisis in the Tigray region of Ethiopia. The report highlights the dire situation faced by the population, urging immediate action to address the escalating humanitarian crisis. Despite the declaration of peace between the Federal Ethiopia Government and Tigray authorities over a year ago, the region continues to grapple with widespread hunger and displacement. The combination of a two-year-long siege during the war, a severe drought, and a suspension of food aid…

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By our staff reporter The Ethiopian Securities Exchange (ESX) has announced that it has secured over 95 percent of the required capital to officially commence its operations, marking a significant milestone in the development of the country’s capital market. According to the regulations governing the capital market in Ethiopia, ESX revealed that it has successfully raised the necessary capital to establish a centralized stock exchange. With a targeted capitalization of 1 billion birr, ESX is poised to begin operations in the near future. Tilahun Esmael, PhD, CEO of ESX, disclosed that the recent acquisition of a 50 million birr investment…

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In an exclusive interview with Víctor Treviño Escudero, the Ambassador of Mexico, conducted by Capital’s Groum Abate, we delve into the dynamic landscape of diplomatic relations between Mexico and Ethiopia. As two nations with rich histories and vibrant cultures, their collaboration spans a spectrum of domains, from economic endeavors to cultural exchanges and collaborative ventures in agriculture, tourism, and infrastructure development. Against the backdrop of global challenges, including the ramifications of the COVID-19 pandemic, Ambassador Treviño Escudero sheds light on the current state of diplomatic ties, emphasizing the resurgence of momentum in bilateral engagements post-pandemic. As both nations gear up…

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Addis Ababa, March 4, 2024(Addis Walta) Guinness World Records has dismissed a Ghanaian chef’s attempt to break the world record for the longest cooking marathon by an individual, her team says. In January, Failatu Abdul-Razak appeared to have broken the world record after cooking non-stop for more than 227 hours. The coordinator of Abdul-Razak’s challenge, Kafui Dey, on Sunday, said that her attempt at breaking the record “unfortunately fell short of meeting the stringent guidelines set forth by Guinness World Records”. “A statement from the Records Management Team cited a violation of the rest break rules, resulting in an unsuccessful attempt.” Ms…

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For procurement of Reach Stacker Machine Bid No.EDR/MC/NCB/RS/43/2023 Ethio-Djibouti standard gauge railway share company EDR would like to inform for eligible and interested bidders that the bid for the procurement of Reach Stacker Machine with the bid reference no EDR/MC/NCB/RSM/43/23 is extended as follows. A deadline for bid submission date is March 26, 2024 at 10:00 AM and Bids will be opened on March 26, 2024at 10: 30AM. Documents will be issued at Ethio-Djibouti Standard Gauge Railway Share Company EDR/MC, Furi Lebu Railway Station, office Building, Procurement & Purchasing Department. A complete set of bid document in English may be…

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Following recent confrontations between government security forces and the non-state militia known as Fano, Bahir Dar, the capital city of Ethiopia’s Amhara region, has regained its calmness. (Photo: Social Media) Addis Abeba – Bahir Dar, the capital city of Ethiopia’s Amhara region, has restored its usual tranquility following clashes between government security forces and the non-state militia, Fano, which ensued on 29 February, 2024. Tensions heightened within the city on the evening of the previous Thursday, particularly in localities identified as “Abay Mado” and “Kebele 14,” where exchanges of heavy weaponry were audible within the ‘Diaspora’ neighborhood. While intermittent gunshots continued into…

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Applications are invited for the post of Executive Assistant in the Embassy of India, Addis Ababa. The starting salary of Executive Assistant is USD 350.000 per month + 14% of allowances (will be paid in Birr equivalent). The candidate should be of age group 25-35 years and should be holding a graduate degree from a recognized university. Applicant should possess knowledge of English and Amharic; Knowledge of regional languages of Ethiopia will be added advantage. The applicant should have good communication skills and also conversant with computers & social media platforms. Apart from official work, the applicant is expected to…

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Bid No. EDR/NCB/ACMS/06/24 Ethio-Djibouti Standard Gauge Railway Share Company EDR would like to invite interested and qualified bidders for the Air Conditioner Maintenance Service With national open tendering procedures. Bidding will be conducted in accordance with the open national competitive tendering procedures contained in the Public Procurement Proclamation of the Government of the Federal Democratic Republic of Ethiopia and EDR procurement Directives and is open to all bidders from eligible source countries. Interested eligible bidders may obtain further information from EDR and inspect the bid document at the address given below at 9 (a) from 8:30am to 5:30pm. bid document…

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Addis Ababa, March 4, 2024(Addis Walta) Ethiopia Participating at the Doha International Horticultural Expo showcasing its produce. State Minister for Foreign Affairs, Ambassador Birtukan Ayano stated the benefits of the Expo in promoting Ethiopia’s agricultural products and opening international market venues for producers. The ambassador also highlighted the Green Legacy Initiative of the Ethiopian Government. She has also explained about the commendable results registered thus far in wheat harvest and other efforts in the sector that helped boost agricultural produce in the country, according to Foreign Affairs Ministry. Source link

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