Category: Markets
Ethiopia’s Coffee Global Market Share Boom
DEGEHABUR (HAN) August 2, 2022. Public Diplomacy and Regional Stability Initiatives News. Monitoring Regional Issues. – Ethiopia participated in the Coffee Tasting Program organized by the International Trade Centre /ITC/ in Geneva, Switzerland. Zenebe Kebede KORCHO, Ambassador, Extraordinary, Plenipotentiary and Permanent Representative of the Permanent Mission of the Federal Democratic Republic of Ethiopia to the…
ETHIOPIA: Huawei Offers Cyber Security Training To ECA Experts
DEGEHABUR (HAN) JULY 28. 2022. Public Diplomacy and Regional Stability Initiatives News. Monitoring Regional Issues. – Huawei Ethiopia has provided Ethiopian Communications Authority (ECA) with three-day cyber security training from July 25 to 27. Huawei’s top cyber security experts led the training. The Ethiopian Communications Authority Director General Engineer Balcha Reba attended the opening of the…
Cryptocurrency: Binance In Deep Trouble
The Internal Revenue Service and the Department of Justice are investigating Binance, the world’s biggest cryptocurrency exchange company, according to Bloomberg. Officials who investigate money laundering and tax offenses are specifically investigating Binance, according to The Verge. Per Bloomberg, U.S. Commodity Futures Trading Commission is investigating whether or not Binance allowed for Americans to make illegal trades on the platform. The CFTC is…
Fintech startup, payments giant to offer crypto to unbanked
Payments giant, Visa and financial services provider, Tala, have partnered to boost cryptocurrency adoption in emerging markets. The collaboration aims to make it easier for under-banked consumers to convert, store, and use cryptocurrencies as part of everyday spend. The partnership is one of the first deals since Visa’s announcement in March that it will start…
Ethiopia: Qatar’s Al Mondial Company to Invest in Ethiopia
ADDIS ABABA (HAN) May 1. 2021. Public Diplomacy and Regional Stability Initiatives News. Monitoring Regional Issues. Qatar’s leading biscuit manufacturer, Al Mondial Company, expressed interest to invest in Ethiopia. The Ministry of Foreign Affairs noted that Ethiopian Embassy in Qatar hosted a webinar briefing on investment opportunities in Ethiopia between various government sectors and the…
Somalia Economic Outlook 2021
Recent macroeconomic and financial developments Somalia was affected by several shocks during 2019 and 2020—drought, floods, locust invasions, and the COVID–19 pandemic. As a result, real GDP, which grew 2.9% in 2019, shrank by 1.5% in 2020, mainly because of COVID–19 containment measures such as travel restrictions and supply and value chain disruptions. Growth has…
Kenya feels betrayed by Somalia over maritime dispute
NAIROBI, Kenya Kenya Friday affirmed that it has decided not to participate in the Maritime Delimitation Case (Somalia v Kenya) hearing currently ongoing at the International Court of Justice (ICJ). Kenya’s Foreign Ministry said: “It is a decision that was made after deep reflection and extensive consultation on how best to protect the sovereignty and…
Kenya faces revenue, job losses as House ratifies UK trade deal
By DAVID MWERE Kenya is staring at massive losses in revenue following the ratification of the Economic Partnership Agreement with the United Kingdom. The National Assembly ratified the EPA on Tuesday, opening the local market to about 1,934 products from the UK, whose import tariff will either be lowered or zero-rated. The pact, which expires in…
Kenya: The 2nd Visit by Somaliland Leader and UK Connection
Nairobi (HAN) December 21, 2020. Regional diplomatic and security partnership initiatives. The an expected official invitation of the President of the Republic of Somaliland H.E Muse Bihi by his counterpart H.E Uhuru Kenyatta of Kenya, had in-depth discussions in the State House. The two leaders initiated discussions during the meeting on a variety of issues…
Ethiopia: Fake Silver Cattle Arrested by Police in Amhara Region
Amhara (HAN) December 21, 2020. Regional Cattle market and Exchange market. Buyers who bought cattle with fake Ethiopian currency (Bir) are arrested by police in Amhara region. Oromo people zone in Jile Tumuga district, Senbete market, 200 Birr 37,800 (thirty seven thousand eight hundred thousand) false notes. The police have given a suggestion to the…
