Thursday, November 6, 2025

News in brief

Security Council extends Sudan sanctions for another year

 The U.N. Security Council unanimously extended sanctions on Sudan for another year on Friday, but the vote revealed deep divisions among members over how...

Safaricom Ethiopia begins fibre deployment

Safaricom Telecommunications Ethiopia has commenced the installation of a new fibre optic network connecting Afdera to Mekelle, a move designed to bolster network resilience...

Climate-Driven Hunger Will Fuel the Next Migration Crisis

 In the first half of 2025, nearly 20,000 people crossed the English Channel to the United Kingdom in small boats – a 48 percent increase from...

Finance Ministers in Africa must navigate the needs of climate resilience and development

Millions of people and communities across Africa are already experiencing the impact of prolonged droughts, floods, and heatwaves caused by climate change, which exacerbate...

Afreximbank Rejects Fitch Downgrade, Defends Financial Strength and Treaty-Based Operations

The African Export-Import Bank (Afreximbank) has issued a formal response to Fitch Ratings’ June 4, 2025, downgrade of its long-term foreign currency issuer default...

Council of Ministers Approves Long-awaited Startup Act

Ehiopia’s Council of Ministers has unanimously approved the long‑delayed Startup Proclamation, signalling a major policy shift towards supporting the country’s nascent technology sector. The draft...

Ethiopia, IMF staff agree programme review that could unlock $260 million

Ethiopia and the International Monetary Fund have reached a staff-level agreement on the third review of the country’s $3.4 billion loan programme from the...

Ethiopia Urged to Abandon IMF Austerity as Report Warns of Crumbling Public Services

A new report from ActionAid International has issued a stark warning to Ethiopia, calling on the government to abandon IMF-prescribed austerity measures amid a...

Ethiopia posts record $1.87 bn in coffee exports as global demand for premium Arabica surges

Ethiopia has reported record earnings from coffee exports, generating USD 1.87 billion over the ten months to April 2025 a historic high for the...

Capital Market Authority investigating real estate pioneer Ermias Amelga for alleged unauthorized securities offerings

The Ethiopian Capital Market Authority (ECMA) has publicly confirmed that business mogul Ermias Amelga and Genesis Investment Services PLC are under official investigation for...
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