| Africatime
Sunday 26 March 2017
(Xinhuanet 11/29/16)
Experts in capital markets are advocating the acceleration of the bourses markets across Africa in order to drive economic growth on the continent. Speaking at the opening of Africa securities exchanges conference in the Rwandan capital Kigali on Monday, experts emphasized that capital markets are becoming more important to African economies because they help raise funds for long term investment which will drive Africa into middle income status. Rwanda hosts the 20th African Securities Exchanges Association (ASEA) annual conference from November 27 to 29 dubbed: "The Road to 2030: Making the African Capital Markets Relevant to the Real Economy." The three-day meeting has brought together more than 300 global and regional experts and stakeholders in capital markets, regulators, law firms...
(APA 11/28/16)
The Ethiopian Airlines is set to commence five weekly flights to Oslo, Norway via Stockholm with its ultra - modern Boeing 787 Dream-liner effective March 26, 2017, the airline said on Monday in a statement. Oslo will be the Airlines’ fourteenth European destination. Oslo is the capital, most populous city and governmental centre in Norway, a hub to the Norwegian trade, banking, industry and shipping. Group CEO Ethiopian Airlines, Mr. Tewolde GebreMariam, remarked: “With Africa’s economic boom and its growing trade, investment, business and tourism ties with Europe in general and Norway in particular, Ethiopian is pleased to provide the essential air connectivity that will serve as the engine for the continued growth of these relations. In addition to serving...
(Washington Post 11/28/16)
Following his release after 27 years in prison, Nelson Mandela made sure one of his first trips abroad was to Havana. There, in the Cuban capital in 1991, Mandela lavished his host, Fidel Castro, with appreciation. Castro, said Mandela, was a “source of inspiration to all freedom-loving people.” The scene might seem paradoxical in some corners of the West. How could the global symbol of African liberation and democracy say such a thing about a man whose death last Friday provoked exiles who fled repressive Cuban rule to dance in Miami's streets? How could Mandela — imprisoned by South Africa's apartheid rulers — find common ground with Castro, who cleared his way to absolute power in Cuba by jailing untold...
(AFP (eng) 11/26/16)
Back in the 1970s at the height of the Cold War, the small Caribbean nation of Cuba went to war thousands of miles away in the battlefields of Angola and Ethiopia, leaving thousands dead. Cuban leader Fidel Castro, who died late Friday, was convinced that the global stage for the "world revolution" was happening in Africa -- and thus Cuba became the first Latin American nation to go to war outside its own continent. Angola and Ethiopia soon became symbols of the "regional conflicts" of the Cold War, in which Washington and Moscow battled for ideological supremacy and power through proxy wars. But Havana's involvement in the fighting fields far from home was to cost it dear. Some 4,300 Cubans...
(APA 11/25/16)
The visiting Somali Prime Minister, Omar Abdirashid Ali Sharmarke has received assurance from Ethiopia about the country's commitment to ensure peace and tranquility during elections in Somalia. Ethiopia’s Foreign Affairs Minister Dr. Workneh Gebeyehu on Friday held talks with Prime Minister Shamarke in Addis Ababa covering issues of securing the presidential election in Somalia, scheduled for 30 November, 2016. According to Tewolde Mulgeta, spokesperson for the Ministry of Foreign Affairs, who attended the discussion, Dr. Workineh assured Prime Minister Sharmarke of Ethiopia's readiness to offer capacity building support in addition to ensuring peace during the election period.
(Reuters (Eng) 11/25/16)
Aviators who were detained in Ethiopia while retracing a historic flight route along the length of Africa in 24 vintage planes and support aircraft are now free to continue their journey, the group organizer said on Thursday. The Vintage Air Rally crew, flying aircraft that include biplanes built in the 1920s and 1930s, were held at the airport in Gambela, western Ethiopia, after they landed following their arrival from neighboring Sudan. They have already flown from Europe and through Egypt and plan to end the tour in South Africa. The oldest plane taking part dates to 1928; the oldest pilot is 72. "Just been resolved now," rally organizer Sam Rutherford told Reuters in a brief text message when asked for...
(APA 11/25/16)
Ethio-Telecoms has earned more than $346 million in revenue during the first quarter of the Ethiopian fiscal year that ended in September, the state-owned telecoms services provider disclosed on Friday. The revenue has shown a 20% increase compared to the same period the previous year. The telecom services provider also raised the number of its clients to 48 million, according to three-month performance report presented to the national parliament. The number of internet and mobile data users also reached about 4.7 million, the report indicated, adding that Ethio-Telecoms planned to establish communication centers in 4, 950 rural kebeles (districts) this year.
(APA 11/25/16)
Ethiopia’s Ministry of Farming and Natural Resource on Friday unveiled its second phase small scale-irrigation development project which will run for the coming seven years. The 145 million US dollars project will benefit 108,000 households with construction of 150 small irrigation schemes across the country. The project will be implemented in 110 food insecure woredas (districts) in Oromia, Amhara, Tigray and Southern Nations, Nationalities and People’s Regional States of the Horn of Africa nation. According to the Ministry, 116 small irrigation schemes were built and 12 hectares of land were developed in the first phase of the project benefiting more than 64,000 households.
(Agence Ecofin 11/25/16)
To conserve biodiversity and enhance socio-economic growth, governments of sub-Saharan Africa must consider a priority the management of their land resources, said environmental experts at the end of the 10th meeting of ministers of natural resources of East and Southern countries in Kigali on November 21 and 22. “The two-day ministerial conference provided a platform for engagement among government officials in the Eastern and Southern African region involved in land administration and spatial planning on challenges and opportunities in land, urban and territorial planning,” Xinhua reported. The forum which focused on identifying means to integrate technologies in land management in order to boost economy, protect the environment and efficiently manage lands in the region, was a wake-up call for officials...
(Daily Nation 11/24/16)
More than 60 Kenyan and Ethiopian delegates on Wednesday held a meeting aimed at maintaining peace, security and stability at the border of the two countries. Speaking to journalists at Reef Hotel in Mombasa when he opened the 31st Kenya-Ethiopia joint boarder administrators meeting, Interior Cabinet Secretary Mr Nkaissery said the summit was meant to touch on security matters at the border. “The two countries have been faced with problems to do with Al-Shabaab attacks, illegal immigration and water conflict at the border and that is what we want to discuss and see what best we can implement to ensure we maintain security,” said Mr Nkaissery. He said there has been a challenge in implementation of decisions in some of...
(Reuters (Eng) 11/24/16)
Women in Ethiopia live under constant fear of violence, illness, hunger and poverty but they are now also facing a new threat - human trafficking, according to veteran women's rights campaigner Bogaletch Gebre. Although a state-led industrial drive has transformed Ethiopia into one of Africa's fastest-growing economies, a third of its 99 million citizens still survive on less than $1.90 a day - the World Bank's measure of extreme poverty. Girls are often regarded as a financial burden on their families in the Horn of Africa country long blighted by cycles of disease, drought, hunger and conflict, and expected to drop out of school to get married or find employment. "When a child is born a girl in Ethiopia .....
(AFP (eng) 11/24/16)
Pilots taking part in a vintage air rally across Africa were being detained on Wednesday by Ethiopian authorities, a spokesman for the trip said. A dozen biplanes dating from the 1920s and 1930s took off on November 12 from the Greek island of Crete, embarking on a 13,000-kilometre (8,000-mile) journey to Cape Town. But less than two weeks into their journey the pilots were grounded at Gambella airport in western Ethiopia, close to the border with South Sudan, a spokesman for Vintage Air Rally told AFP. "They are all in Gambella in Ethiopia and the Ethiopian authorities have decided to locate them at state accommodation for the moment. "We cannot communicate with them because they (the authorities) have taken their...
(Reuters (Eng) 11/24/16)
A mother and her four-year-old daughter who were separated after fleeing the threat of female genital mutilation (FGM) in Ivory Coast may be reunited in Italy before Christmas after a stroke of luck allowed police to trace the woman, authorities said. The girl, identified only as Oumoh, is one of at least 20,000 unaccompanied minors who have reached Italy this year from war-torn and poverty-stricken countries mainly in Africa and the Middle East. She arrived on the southern Italian island of Lampedusa on Nov. 5 after being rescued from a rickety boat by the coastguard, police said. "She was quite traumatized, and initially wouldn't speak or communicate," Marilena Cefala, the head of Lampedusa's reception center, told the Thomson Reuters Foundation...
(APA 11/23/16)
The highway linking Ethiopia and Kenya is now completed and awaiting official commissioning by the Ethiopian Prime Minister Hailemariam and Kenyan President Uhuru Kenyatta, APA learns here on Wednesday. The last mile at Marsabit in Kenya was completed on November 18. The 500 kilometre Kenyan segment of the road was built in four sections, Isiolo to Merille, Merille to Marsabit, Marsabit to Turbi and finally, Turbi to Moyale. The entire corridor runs from Mombasa to Addis Ababa. The final element is to connect the Kenyan and the already completed Ethiopian sections. A One-Stop Border Post on the border between the two countries at Moyale will allow for passport and customs controls at the border crossing, replacing the two previous separate customs points.
(The Guardian 11/23/16)
Rulers of the DRC, Burundi, Zimbabwe and others say tide has turned after Obama’s efforts to promote democracy abroad. As the sun rose over Kinshasa on 9 November, Martin Fayulu was awoken by a phone call from a relative in the US telling him to switch on his television – Donald Trump appeared set to become the next US president. Fayulu, an opposition politician at the forefront of recent protests calling for elections to be held on time in the Democratic Republic of the Congo, immediately switched on a French channel. “Many Congolese were watching, and a lot had mixed feelings,” he said. Across Africa the interest was equally intense, with the surprise result prompting fierce speculation about the unexpected...
(APA 11/22/16)
The Moroccan banking institution Attijariwafa Bank and the Commercial Bank of Ethiopia (CBE) have signed a partnership in the field of “Trade Finance” and “Project Finance” on the sidelines of King Mohammed VI’s recent visit to Ethiopia. According to the Attijariwafa Bank’s CEO, Mohamed El Kettani and his Ethiopian counterpart Bekalu Zeleke, this is the first step in a long-term partnership. The two CEOs said in a statement that the agreement was also “a real platform which facilitates business between Ethiopian, Moroccan and African companies that intend to invest in both countries.” This Memorandum of Understanding aims to develop a fruitful economic relationship between the two countries, which would enable the two institutions to explore all possibilities for cooperation in...
(Reuters (Eng) 11/22/16)
African states failed on Monday to halt the work of the first U.N. independent investigator appointed to help protect gay and transgender people worldwide from violence and discrimination. The 47-member U.N. Human Rights Council, based in Geneva, created the position in June and in September appointed Vitit Muntarbhorn of Thailand, who has a three-year mandate to investigate abuses against lesbian, gay, bisexual, transgender and intersex (LGBTI) people. In an unusual move, African states put forward a draft resolution in the 193-member U.N. General Assembly third committee, which deals with human rights, calling for consultations on the legality of the creation of the mandate. They said the work of the investigator should be suspended. However, Latin American countries, supported by Western...
(Xinhuanet 11/21/16)
The UN Refugee Agency (UNHCR) and the UN Children's Fund (UNICEF) have agreed to enhance their partnership in responding to needs of refugees and host communities in Ethiopia. Ethiopia currently hosts 783,340 refugees, 58.3 percent of whom are children under 18, including 38,502 unaccompanied and separated children, according to a statement from UNHCR late Friday. As of September, Ethiopia had seen a new influx of South Sudanese refugees fleeing renewed violence and food shortage, it said. More than 39,000 new arrivals have been recorded with 64 percent of them being children, said the statement. Clementine Nkweta-Salami and Gillian Mellsop, representatives of UNHCR and UNICEF respectively, on Friday signed the agreement that outlines key areas of collaboration in child protection, education,...
(Xinhuanet 11/21/16)
A Record number of 42,000 professional and amateur runners from 20 countries on Sunday participated in the 16th edition of the 2016 TOTAL Great Ethiopian Run (GER), Africa's largest road race. The 10-kilometre international race for men and women in Addis Ababa also attracted 500 local and foreign athletes. Ethiopian athletes dominated this year's edition in both the men's and women's categories, with a Kenyan athlete finishing second in the men's category, the best result for a non-Ethiopian athlete in the competition's history. Abbe Gashaw beat Kenya's Jerome L. at the finish line in the men's category, while another Ethiopian athlete Adugna Takele finished third. "It is wonderful to win the competition in my first ever trial at the Great...
(AFP (eng) 11/21/16)
The number of HIV-infected people taking anti-retroviral medicine has doubled in just five years, the UN said Monday, while highlighting high infection rates among young African women. A new report by UNAIDS said it was on course to hit a target of 30 million people on ARV treatment by 2020. "By June 2016, around 18.2 million people had access to the life-saving medicines, including 910,000 children, double the number five years earlier," UNAIDS said in a statement. But the report showed the huge risks that some young women face. Last year more than 7,500 teenagers and young women became infected with HIV every week worldwide, with the bulk of them in southern Africa. "Young women are facing a triple threat,"...

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