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Things to Know About the IMF’s Financial Assistance for Ethiopia

A year ago, the International Monetary Fund released a report called “Article IV Consultation for 2018,” which states that Ethiopia should contract new debts at concessional terms only. These kinds of debts are soft loans that have terms either with low-interest rates, extended return periods, or both combined.   The executive board of the International

December 26, 2019 • By Eldad Damte

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Ethiopian Satellite Has Reached its Orbit

Ethiopia has launched a satellite this morning for the first time in the history of the country. State television EBC announced that the spacecraft reached its intended orbit traveling 700 Kilometers after it was launched from the space station in Shanxi, China.   The spacecraft named ETRSS1 was built in cooperation with Ethiopia and China

December 20, 2019 • By Eldad Damte

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Ethiopia to Implement The YouthConnekt Programme to Empower the Youth

Ethiopia prepared to start “YouthConnekt Ethiopia,” which benefits the youth population. Ministry of Women, Children, and Youth announced that it had completed preparations for the official launch of the program.   YouthConnekt program is a model that intends to empower the youth for employment, entrepreneurship, and civic engagement. The program also helps to Progressively influence

December 19, 2019 • By Eldad Damte

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Lost Ancient Town of the Axum Empire Discovered in Ethiopia

Archaeologists have found the ancient city of the lost empire of Axum recently. According to a magazine of the archaeologists who had been digging the area for five years, the city is called ‘Bete Samati.’ also they revealed that it was the central city of Axumite Civilization for 1,400 years.   The Axumite Empire was

December 13, 2019 • By Eldad Damte

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Lawyer Ameha Mekonnen wins Franco-German Prize for Human Rights and the Rule of Law

Ethiopian lawyer Ameha Mekonnen wins the Franco-German Prize for Human Rights and the Rule of Law. The former Human Rights Council chair and human rights advocate received the 2019 Franco-German Prize for Human Rights and the Rule of Law on December 10, Fana Broadcasting Corporate reports. Lawyer Ameha awarded for his crucial role in defense

December 11, 2019 • By Eldad Damte

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Ethiopia and the United States to Strengthen Security Partnership

A delegate led by the Ethiopian Minister of Defense Lemma Megersa visited the U.S defense officials in Washington, D.C this week. The minister co-chaired the 9th annual U.S-Ethiopia Bilateral Defence Committee along with Pete Marocco, the U.S Deputy Assistant Secretary of Defense for African Affairs on December, 4. According to the release of the U.S

December 5, 2019 • By Eldad Damte

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Debre-Berhan: A City Drooling Investors

Debre Berhan, a city, located 130kms northeast of the Ethiopian capital Addis Ababa, has recently been an attractive place for local and international investors. According to the city administration, more than 200 investors had invested in the past three months, which is 80 percent of the plan for this Ethiopian calendar year.   Debre Berhan

November 28, 2019 • By Eldad Damte

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TPLF Withdraws From EPRDF Council Meeting

Tigrayan People’s Liberation Front (TPLF) is not attending today’s council meeting for the first time in the history of the Ethiopian People’s Revolutionary Democratic Front (EPRDF). The office of TPLF wrote a letter of withdrawal a day before the council meeting.   “We don’t have legal status to dissolve TPLF with a pretext of ‘merging’,”

November 21, 2019 • By Eldad Damte

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Ethiopia to Have the Tenth Semi-Autonomous State This Week

The National Electoral Board of Ethiopia (ENEB) announced the end of voters’ registration for the Sidama referendum on Monday. According to Birtukan Mideksa, the chairperson of the board, more than 2.3 million voters registered in all districts of Sidama to the referendum scheduled on Wednesday, Nov 20.   Sidama, one of the 13 zones in

November 19, 2019 • By Addis Insight

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Ethiopian Government may Closedown Universities

Ethiopian government warned to close down universities where violence happens. The prime minister said this during a meeting with high government officials, heads of regions, and university presidents on Friday. The government called this meeting to discuss the current security issues in universities all over the country.   Ethiopian universities have become battlegrounds for ethnic

November 16, 2019 • By Eldad Damte