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Global shipping giant Maersk has announced changes to its Blue Nile Express service route and a temporary suspension of bookings to and from Djibouti and Berbera due to the volatile security situation in the Red Sea and Gulf of Aden region. In an update notice on January 19, 2024, Maersk said the Blue Nile Express […]

All international staff of the African Development Bank (AfDB) will now return to Ethiopia following a resolution of a serious diplomatic incident, according to a statement released by the Bank on January 19, 2024. “Productive meetings” between AfDB President Dr. Akinwumi Adesina and Ethiopian Prime Minister Abiy Ahmed from December 29-31, 2023 yielded “positive results

Ethiopian Airlines flight ET106/18 today had a runway excursion after landing at Mekelle Alula Aba Nega International Airport in northern Ethiopia. The flight, which originated from Addis Ababa at 12:30 local time, touched down at Mekelle airport at 14:10 local time. However, upon landing, the aircraft continued rolling and exited the runway surface. In a

In a major escalation of regional tensions, Somali authorities decided to refuse entry to an Ethiopian Airlines flight on Wednesday. The flight was carrying a delegation whose purpose was to introduce a high-ranking Ethiopian leader to Somaliland. This incident further complicates the already strained relationship between Somalia and its eastern neighbor. The Somali Civil Aviation

The National Bank of Ethiopia (NBE) have launched an ambitious project to modernize Ethiopia’s securities infrastructure with the implementation of a Central Securities Depository (CSD). NBE has contracted Montran, a US-based financial technology solutions provider, to assist the regulatory body design and build the new CSD system. A Central Securities Depository acts as the official

Pepsi products have made a return to store shelves in Ethiopia after facing a four-month closure due to severe foreign exchange shortages. The situation has now taken a positive turn for local Pepsi producer Moha Soft Drinks. Residents of Addis Ababa can once again find a wide range of Moha Soft Drinks products, including the

Ethiopia has become Kenya’s largest source of electricity imports, supplanting Uganda in a major shift for the region’s cross-border power trade. According to figures released by the Kenya National Bureau of Statistics, the country imported over 706 million kilowatt-hours of electricity from neighboring nations between January and November 2023. The bulk of these imports –

Beijing has waded into the territorial tensions between Somalia and Ethiopia over a strategic port deal. In a statement, China voiced support for Somalia’s sovereignty and territorial integrity. Speaking at a press briefing, Foreign Ministry spokesperson Mao Ning emphasized Somalia’s sovereign claim over the breakaway region of Somaliland. She said “China upholds the UN Charter’s