Africa Business Headlines International Morocco

Phosphates: Morocco’s OCP Group makes $400 Mln Intra-African trade transactions via blockchain

Morocco’s state-owned OCP Group, the world’s largest phosphate mining and leading fertilizer company, and the Eastern & Southern African Trade and Development Bank (TDB) announced on Tuesday $400 million fertilizer trade finance transactions sealed via blockchain technology. Some $270 million of this deal have already been completed, while the remaining sum will be finalized in […]

Africa Europe Headlines International

Tigray conflict: EU sanctions Addis Ababa, suspends €90 million budget aid

The European Union has decided to sanction Addis Ababa over the crisis in the Tigray region by suspending the payment of a €90 million budget aid. The decision is part of the 27 European countries’ call for a cessation of hostilities. Concerned about the deteriorating humanitarian situation caused by the conflict in the Tigray region, […]

Africa Headlines International

Ethiopia: Tigray finally opened to humanitarian aid workers

It took a month of conflict before Tigray finally opened to humanitarian aid workers, yet, the whole province will not be accessible.   UN Secretary General’s Spokesperson Stéphane Dujarric confirmed Wednesday the details of the agreement reached last Friday with the Ethiopian Government to allow “unimpeded, sustained and secure access” for humanitarian supplies to reach […]

Africa Headlines International

Sudan, Ethiopia set to reach a deal over Nile Dam

Sudan and Ethiopia said they are determined to reach a deal over the giant hydropower Renaissance dam, which started to be filled by Addis Ababa. The dam has been at the heart of a rife disagreement between Addis Ababa, Khartum and Cairo as downstream countries fear the dam will cut water levels at a time […]

Africa International

Attorney General Dismisses Amnesty International Report as Fundamentally Flawed

The Federal Attorney General dismissed the Amnesty International report issued in May 2020 under the title “Beyond Law Enforcement: Human Rights Violations by Ethiopian Security Forces in Amhara and Oromia” as fundamentally flawed. In a statement it sent to ENA today, the Attorney General said it had formed a committee drawn from the attorney bureaus […]

Africa Headlines International

Ethiopia: Prime Minister’s term extended till end of pandemic

Ethiopian Prime Minister’s term has been extended until Covid-19 is no longer considered a crisis situation by the health authorities. The House of Federation, which represents the nine federated states, voted in favor of this solution despite much criticism from the political opposition as well as from jurists and human rights activists. Abiy Ahmed, who […]

Africa Headlines International

Ethiopia: Speaker of Upper House of Parliament steps down

The Speaker of the Upper House of the Ethiopian Parliament, Keria Ibrahim, resigned from her post on Monday June 8. The resignation is an apparent protest at the postponement of planned elections in the Horn of Africa country over the coronavirus. Keria Ibrahim accuses the Prime Minister and his government of breaking the law and […]

Business Emerging Markets Energy

Rabat & Addis Ababa Want to Speed up Access to Sustainable Energy

Morocco and Ethiopia are looking into ways of speeding up the implementation of the “Coalition for Access to Sustainable Energy”, an initiative launched by the two African countries during the Climate Action summit convened last year in New York. The initiative, which aims to ensure full access to energy for the least developed and other […]

Africa Headlines International

COVID-19: Ethiopia postpones landmark August election

Ethiopia has postponed its parliamentary elections scheduled for August due to the coronavirus outbreak, the electoral commission said on Tuesday.   “Due to the pandemic we were forced to suspend our activities,” said an Amharic-language statement from the National Electoral Commission.   Ethiopia has as of April 1, confirmed 29 coronavirus cases. Infections have so […]

Africa Headlines International Morocco

Ethiopia names new envoy to Morocco

Ethiopia has appointed head of the Commercial Bank of Ethiopia (CBE) as its new ambassador to Morocco. President Sahle-Work Zewde appointed Bacha Gina, CEO and President of the CBE, for the job earlier this month. Gina, led the CBE for 20 months and earned the financial institution the award of The Best Commercial Bank for […]