Horn faces its worst locust invasion in 25 years
East Africa is on the verge of another locust invasion, the worst in 25 years, says the United Nations’ Food and Agriculture Organization (FAO). The latest report says more swarms…
Ethiopia – Eritrea Planning Economic Union
Needless to say, the rapid thawing of relations between Ethiopia and Eritrea in the last couple of years has triggered a landslide of speculation as to how this improved relationship…
Djibouti is Maximizing its Strategic Position in Maritime Trade
One of the stark distinctions between Djibouti and other African nations is its characteristic barrenness. Its natural resources are limited, and a tiny proportion of its land is arable. Coupled…
Ethiopia suspends privatization of Ethiopian Airlines
Ethiopia has suspended plans to privatize the country’s national carrier, the country’s finance minister told a press conference on Tuesday October 12th. The privatization of Ethiopian Airlines, the continent’s most…
Ethiopia opens up sectors to diaspora
Members of the Ethiopian diaspora, the largest outside of Ethiopia, respond to Ethiopia’s Prime Minister Abiy Ahmed, calling on them to return, invest in and support their native land in…
World First Covid-Era, Contactless Terminal Opened at Ethiopian Airport
From government bailouts to layoffs, commercial airlines have taken drastic measures to stay afloat since Covid-19. Not Ethiopian – now operating out of the second largest capacity airport in Africa,…
Suspected arms dealers moved millions in Somali money transfers
Somali money transfer companies moved more than $3.7 million in cash between suspected weapons traffickers in recent years, including to a Yemeni under U.S. sanctions for alleged militant links, according…
Ethiopian government unveils new currency notes
Ethiopians have a three-month window within which they will be able to exchange old currency notes for new ones from the banks after the government demonetized its currency. Ethiopia on…
Investigation: East African migrants ‘left to die’ in Saudi Arabia’s hellish Covid detention centres
‘The guards just throw the bodies out back as if it was trash,’
Juba Express and WorldRemit launch international payments to Somalia
The money transfer service will empower Somalis at home and abroad. 3 September 2020: London: Juba Express, one of the fastest growing money transfer services and WorldRemit, a leading global…
The Next Steps for the Ethiopian Dam
Prime Minister Abiy Ahmed (PhD) vows to proceed with the second impoundment of the reservoir behind the Grand Ethiopian Renaissance Dam (GERD), pledging that nothing would stop the filling when…
Ethiopia warns Egypt: This is a red line for us
Proposed Egyptian military base in self-declared breakaway territory Somaliland causes regional tension. ADDIS ABABA, Ethiopia—Ethiopia said Friday the relations Egypt wants to establish with territories in the East Africa region…
Hajj Wreaks Havoc on Somalia’s Camel Exports
The coronavirus pandemic has wreaked havoc on trade and supply chains around the world. Not even the niche market in camels is immune. Somalia usually ships millions of camels, goats,…
Ethiopia Plans New Key Rate, Floating Currency to Boost Economy
Ethiopia plans to start setting a central bank benchmark interest rate and to introduce a floating exchange rate, according to National Bank of Ethiopia Governor Yinager Dessie. The central bank’s…
Ethiopia: First assembled electric car in the Horn of Africa
Ethiopia has unveiled the first electric vehicle which is fabricated in the country despite experiencing power outages. It is the second country in Africa to do so besides South Africa.…