Monday, November 4, 2024
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VITA Food Industry raises...

Vita Food Industry, a Turkish company that began production in Ethiopia in 2018, has...

Ethiotelecom Launches 5G Services...

Ethiotelecom has officially launched its 5G services in Hawassa, marking a significant milestone in...

Unilever to reduce workforce amid profit concerns

British-Dutch multinational Unilever, a leading player in the consumer goods sector, has announced plans to reduce its workforce starting next month as part of a strategy to maximize profits. The company, which operates in over 190 countries including Ethiopia, currently employs more than 128,000 people globally. The decision to downsize comes in response to declining profits and an oversaturated employee base. Unilever has been a prominent provider of food, home, and personal care products in Ethiopia since 2015. Sources indicate that the company had signaled its intention to cut staff six months ago, with the reductions set to take effect in December 2024. This workforce reduction is not limited to Ethiopia; it is part of a broader initiative that will impact employees worldwide. In Ethiopia, the company plans to streamline operations by reducing the number of...

Ethiopia ranks 7th in...

Ethiopia has emerged as the 7th largest country in Africa for social media users,...

Ethiopia Contributes to Global...

Ethiopia has made a significant contribution to global food security by depositing 1,750 seed...
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PM addresses Franco-Valuta policy

Prime Minister Abiy Ahmed addressed the business community's and experts' concerns over Franco-Valuta's openness policy. Ethiopia will triple Egypt's...

Ethiopia among targeted countries in growing...

Ethiopia is among the countries now targeted by the Grandoreiro banking trojan, a significant cyber threat that has expanded...

BLOCKCHAIN

Blockchain or Block Chain was introduced to facilitate the transaction of the now popular crypto-currency ‘bitcoin.’ It is a...

The Washington...

For decades, the Washington Consensus has been heralded by the IMF and the World Bank as the magic formula...

DÉTENTE NOW

Détente is a French word that roughly translates to ‘relaxation’. It is used to denote the easing of strained...

The cost...

Ethiopia is now a land where fear is currency and silence is the anthem. In an environment where dissent...

Portugal strengthening ties with...

Nuno Samopio, Secretary of State for Foreign Affairs and Cooperation of Portugal, shared insights on the historical significance of Portugal's relationship with Africa and its evolving diplomatic efforts. As Portugal continues to strengthen ties with African nations, particularly those in the Portuguese-speaking community, Samopio emphasized the importance of cultural events and collaborative initiatives aimed at fostering mutual understanding and addressing shared challenges. During the conversation, he discussed key areas of collaboration outlined in a Memorandum of Understanding with the Economic Commission for Africa, focusing on the blue economy and climate action. Samopio highlighted Portugal's commitment to supporting African nations through innovative financing mechanisms and capacity-building programs, particularly in maritime governance...

Championing food sovereignty and...

In a world increasingly defined by its challenges, the conversation around food sovereignty and sustainable agriculture in Africa has never been more critical. Fassil Gebeyehu, a prominent conservationist and social anthropologist, has dedicated his career to addressing these issues through his role as the General Coordinator of the African Biodiversity Network and as a board member of the Alliance for Food Sovereignty in Africa (AFSA). With a rich academic background, Fassil combines extensive research skills with a deep understanding of the socio-economic dynamics at play in Ethiopia and beyond. In this interview, we explore the initiatives AFSA is undertaking to promote food sovereignty across the continent, particularly in Ethiopia. We...
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INVITATION TO BIDSALE OF...

The United Nations Economic Commission for Africa (UNECA) invites interested bidders to participate in a closed bid exercise for the sale of Vehicles, IT equipment, Electronics and Accessories. The bid will be sold “as is, where is” without recourse to warranties. A bid with information will be available from 14 October 2024 – 05 November 2024 on UN working hours and days From Monday to Thursday morning time between 9:00 AM to 12:30 PM and 14:00 PM to 17:00 PM and on Friday 9:00AM to 13:00 PM.

CALL TO CIVIL SOCIETY...

Save the Children works towards giving children a healthy start in life, the opportunityto learn, and protection from harm. Our vision: is a world in which every child attainsthe right to survival, protection, development, and participation and our Mission is toinspire breakthroughs in the way the world treats children and to achieve immediateand lasting change in their lives

kazanchis

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CrowdPen African Voices Fellowship Launches to Empower Emerging Writers

Writers are set to benefit from the newly launched CrowdPen African Voices Fellowship, a prestigious program designed to empower emerging writers of African heritage. This initiative aims to provide a platform for diverse voices, nurturing the next generation of thought leaders who will shape narratives, spark important conversations, and inspire positive change across the continent. The CrowdPen African Voices Fellowship...

Ethiopian Artist Elias Sime gains recognition at Sotheby’s Auction

Elias Sime, a prominent Ethiopian contemporary artist, has garnered attention at the recent Sotheby's auction in London, where his work "Tightrope: Split In Half" was featured among notable pieces by African artists. This auction, held on September 27, showcased a growing interest in African contemporary art, with several works achieving record prices. Elias’ piece, created in 2017 using reclaimed electronic...

GDP Growth Numbers Vs...

Gross Domestic Product (GDP) growth is often heralded as a key indicator of a country’s economic success. In many...

Economic Development with Human...

Economic development is often seen as a positive force, driving progress, raising living standards, and fostering innovation. However, while...

The dilemma of prioritizing...

Urban planning is a delicate balance between various competing interests, among which aesthetics and economic vitality are often at...

How to Bet on...

Football betting in Ethiopia has increased multifold and has been a source of fascination for many people, making good...

The Rising Popularity of...

Casinos have long been a symbol of excitement, luxury, and high-stakes entertainment. Across the globe, these establishments provide a...

Exploring New Blockchain Solutions...

As cryptocurrency continues to revolutionize the global financial landscape, it has also carved out a niche in the online...

Merger and acquisitions is...

Bank mergers are not a new or recent phenomenon. These strategic steps have been taken by bankers during the...

Ethiopia’s strategic focus: Enhancing...

It is necessary to emphasize the importance of developing the livestock export chain and Ethiopia’s cold supply chain to...

Ethiopia’s Budget Amid Birr...

In September 2024, Ethiopia floated its currency, the Birr, in line with an agreement with the International Monetary Fund...

The countdown to the...

Prosperity Party won the 2021 election not on commendable track records but on a postdated check—a promise to deliver....

Why African Ministries of...

As Africa strides towards self-reliance in health security, the Pan African Supply Chain Awards emerge as a crucial platform....

Vocational Education Empowers Future...

—Ethiopia Dayu School Enrollment Initiation In recent years, with the continuous deepening of the Belt and Road initiative, the exchanges...

Mantashe to attend major AOW energy event

South Africa’s Minister of Mineral and Petroleum Resources, Mr Gwede Mantashe has committed to attend the four-day AOW energy event (https://AOWEnergy.com/) in Cape Town from 7 – 10 October. AOW: Investing in African Energy brings together industry leaders to develop policy, share discoveries, secure investment, and shape Africa’s energy future. This year’s event will feature more than 1 600 senior delegates, 80 ministers and officials from 70+ countries and representatives of more than 760 companies. Announcing Mantashe’s confirmed attendance, Chief Executive Officer of Sankofa Events, Paul Sinclair...

The Gambia’s Minister of Petroleum and Energy Joins African...

On the back of major investments from multilateral finance institution the African Development Bank, The Gambia is poised to increase its electrification rate to 70% – 50% in rural areas – by the end of the year. In the wake of the country’s burgeoning energy sector, The Gambia’s Minister of Petroleum and Energy Nani Juwara will participate as a speaker at this year’s African Energy Week (AEW): Invest in African Energy 2024 conference, which takes place in Cape Town from November 4-8. The Gambia represents...