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Ashebir Woldegiorgis, Charged with Human Trafficking in Olympics Scandal

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Four leaders of the Ethiopian Olympic Committee, including President Ashebir Woldegiorgis, have been charged with human trafficking and related offenses. The Ethiopian Olympic Committee itself is also among the defendants.

The lawsuit, filed by athlete Haile Gebreslase, athlete Gezahgn Abera, the Ethiopian Boxing Federation, and the Ethiopian Tennis Federation, names the Ethiopian Olympic Committee and its key figures: President Ashebir Woldegiorgis, prosecutor Eden Ashenafi, General Secretary Dawit Asfau, and Deputy Secretary Ghezahegn Wolde.

The Arada Division of the Federal Court of First Instance, where the case was filed, issued a ruling on May 5 and June 4, 2024, suspending the general meetings and resolutions passed by the committee. The court also ordered the suspension of the Ethiopian Olympic Committee’s executive election, which took place on the 4th of June.

It was revealed that despite requests from the Ministry of Culture and Sports and the Federal Auditor General’s Office, the Olympic Committee has refused to undergo an audit, adding that the defendants’ accountability will be determined based on the findings of an independent audit.

It was also highlighted several other irregularities, including the illegal third-term election of Ashebir, Eden, and Dawit in a secret assembly, as well as the participation of individuals who did not have the legal right to vote.

The lawsuit comes amidst criticism of the Ethiopian Olympic Committee following the poor performance of the Ethiopian athletics team at the 2024 Paris Olympics. Despite the mounting pressure, President Ashebir recently stated on state television that he has no intention of resigning.

Seyoum Kebede named Ethiopian U-20 national side

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Ethiopian national team former assistant coach Seyoum Kebede has appointed national U-20 Juniors team head coach ahead of the coming East African U-20 championship cup final. The cup finalists would book a place in African U-20 Championship representing the region.

Despite having number of Junior side coaches currently engaged in national tournaments, the appointment of Seyoum who had been unemployed since his sacking from Wolayta two seasons back left critics by sheer surprise. “Why Seyoum who had been far from Juniors’ soccer came out of the blue to take the mantle?” Remarked one critic. “Since he never been in the follow-ups of the Juniors’ tournament how could he be in a position to select the squad?” sugested another.

Nevertheless following his appointment by Ethiopian Football Federation, the former Ethiopan national team assistant Seyoum immediately named his two assistants. Ethiopia Bunna Junior team coach Abiy Kassahun and little known Amsalu Esmelealem are Seyoum’s lieutenants whereas a goalkeeper coach has not yet named.

It took no time for Seyoum to announce a 38 players short list to report at Kaleb Hotel where preparation to kick-started for the tournament that brings together nine East and Central African countries.

Ethiopian premier league newly crowned champion Ethiopia NegedBank contributed the highest number of players five while Ethiopia Bunna represented by four players. Three players each from Ethio-Electric and Diredawa whereas Welwalo, Kidus Giorgis and Mechal represented each by two players.

The Ethiopian U-20 national side drawn in Group “B” along with Uganda, Burundi and South Sudan while the host nation Tanzania, Kenya, Djibouti, Sudan and Rwanda are in Group ” A”. Uganda is the hottest favourite to win the championship title while Tanzania is much expected to claim the runners-up spot.

African Leaders Meet to Combat Land Degradation and Desertification at African Ministerial Conference on the Environment (AMCEN) Special Session

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The African Development Bank (www.AfDB.org), the African Union Commission, the United Nations Environment Programme (UNEP), and the United Nations Convention to Combat Desertification (UNCCD) brought together African ministers of environment in Abidjan to adopt the Abidjan Declaration (https://apo-opa.co/3BnJ6GN), a commitment to jointly tackle land degradation, desertification, and drought across Africa.

The 10th Special Session of the African Ministerial Conference on the Environment (AMCEN), held from 3-6 September, served as a platform to generate political momentum and secure essential financing and partnerships to address these urgent environmental challenges. Key discussions focused on four critical policy areas: mitigating droughts in Africa; enhancing ambition to achieve land degradation neutrality targets; promoting ecosystem restoration opportunities; and strengthening partnerships for implementation and resource mobilisation.

The dialogue is expected to shape Africa’s strategies on finance, natural capital, and addressing marine and coastal challenges ahead of the UNCCD COP 16 to be held in Riyadh, Saudi Arabia, from December 2 to 13, 2024. 

The Prime Minister of Côte d’Ivoire, Robert Beugré Mambé attended. In opening remarks, he said: “There is a very concerning imbalance. We must stay informed in order to provide responses to our concerns, particularly to the global community, which is worried about the highly negative impact of climate change on our economic, human, and social activities. Some examples show that climate change affects more than 100 million hectares of land each year.”

Dr. Osama Ibrahim Faqiha, Deputy Minister at Saudi Arabia’s Ministry of Environment, Water and Agriculture and Advisor to the COP16 Riyadh Presidency also attended the ministerial dialogue. He said, “Elevating Africa’s ambitions to combat land degradation aligns with the message we wish to convey at COP16. It is crucial that land is prioritised in global efforts against drought, famine, rising carbon emissions, and forced migration—issues that have too often been sidelined.”

The Abidjan Declaration, adopted on September 6, 2024, during the conference, reflects the commitment of African governments to addressing the challenges of desertification and land degradation. Over 65 percent of the continent’s land is affected by degradation, impacting 400 million people.

Kevin Kariuki, African Development Bank Vice President for Power, Energy, Climate and Green Growth, underscored the significance of these discussions. “Today’s session is an opportunity to review Africa’s progress since COP 15 in May 2022. The challenges of land degradation and drought are pressing, and we are committed to finding urgent solutions as we implement our Ten-Year Strategy for 2024-2033,” he said.

Anthony Nyong, Climate Change and Growth Director at the African Development Bank, called for a shift in narrative regarding Africa’s challenges. “Partnership is essential in tackling the complex issues of land degradation, drought, and desertification. We must adopt an integrated, sustainable approach, prioritizing investments in sustainable land practices and climate resilience. However, the prevailing narrative of vulnerability and underdevelopment obscures the climate opportunities and deters private investment.”

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

About the African Development Bank Group:
The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

Zemen Bank mobilizes over $500 million in Forex

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Zemen Bank has announced a significant achievement in its financial operations, successfully mobilizing over $500 million in foreign currency during the last fiscal year. This milestone marks a notable accomplishment for the bank, which has been operational for 16 years and has consistently demonstrated strong performance in the Ethiopian banking sector.

In the 2023/24 fiscal year, Zemen Bank reported that it mobilized a total of $566 million in foreign exchange. Tewahido Tafesse, Chief Strategy and Marketing Officer of Zemen Bank, highlighted this achievement during a recent report on the bank’s operations. He noted that the bank’s capital has reached 12 billion 262 million birr, while its total assets have grown to 59 billion birr. The paid-up capital stands at 7.5 billion birr.

At a forum held last week, Zemen Bank also announced an increase in its legal reserves to 1.7 billion birr. The event recognized more than 200 long-standing customers and partners of the bank, showcasing its commitment to fostering relationships within the business community.

Dereje Zebene, CEO of Zemen Bank, expressed gratitude for the support received from customers and partners, stating, “We are fortunate to be able to work with our customers and partners at a time when the financial sector and services are becoming free.” This sentiment reflects the bank’s dedication to enhancing its services and expanding its reach within Ethiopia’s evolving financial landscape.

Among those recognized at the forum were investors engaged in various sectors including trade and investment, flower farm development, technology, air transport, hotel management, and tourism. These sectors are vital to Ethiopia’s economic growth and development.

Currently, Zemen Bank operates with a network of 127 branches, 293 ATMs, and 801 point-of-sale (POS) machines. The bank’s signed capital has increased to 15 billion birr, with a paid-up capital of 7.5 billion birr and legal reserves of 1.7 billion birr. This robust infrastructure positions Zemen Bank as a key player in providing financial services across Ethiopia.

The successful mobilization of foreign currency is particularly significant given the ongoing challenges faced by many financial institutions in Ethiopia. As the country navigates economic reforms and seeks to stabilize its currency, Zemen Bank’s ability to attract foreign exchange demonstrates its resilience and commitment to supporting both local businesses and the broader economy.

Zemen Bank’s achievement of mobilizing over $500 million in foreign currency underscores its role as a leading financial institution in Ethiopia. With its strong capital base and extensive network, the bank is well-positioned to continue contributing to the country’s economic growth while supporting its customers and partners across various sectors. As Ethiopia’s financial landscape evolves, Zemen Bank remains committed to fostering innovation and resilience within the banking sector.