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  • The New Google Doodle Honors Ethiopia’s Lucy

    Despite her short statuThe New Google Doodle Honors Ethiopia’s Lucy re and hirsute frame, Lucy the Australopithecus afarensis, whose discovery is today commemorated with a Google Doodle, was from a species that could be a forerunner to modern humans. As her named suggests, Lucy came from the Australopithecus genus, and was a member of the Hominini tribe, just like us.

    Lucy was one of the later Australopiths, and is believed to have lived in what is now Ethiopia around 3.2 million years ago - roughly 800,000 years after her species first evolved. Although the remains of Lucy are currently held in the National Museum in Addis Ababa, not far from where she was found, other members of her species were much better-travelled - animals from the same genus spread throughout Africa, before becoming extinct around 2 million years ago.

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    Image:The Most Notable Archaeological Finding Lucy from Ethiopia.

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  • The Government of Ethiopia Granted US $50 mln from the Green Climate Fund (GCF) for Climate-Resilience Projects (Press Release)

    Deputy Minister of Forestry, Environment and Climate Changes, Kare Chawicha, said the country will receive the money after independent GCF experts decidedThe Government of Ethiopia Granted US $50 mln from the Green Climate Fund (GCF) for Climate-Resilience Projects (Press Release) on the US $ 50 mln ceiling. Ethiopia launched its ambitious five-year economic Growth and Transformation Plan GTP II (2015-2020) in July and it had hoped to unlock up to US $ 250 mln from the fund through its ministry of finance and economic co-operation (MoFEC) to meet its ambitious green development strategy.

    Negash Teklu, Executive Director of Population, Health, Environment (PHE), a consortium of dozens of local and international NGOs, says unlocking funds for projects in Ethiopia is not just about helping Ethiopia achieve its CRGE goal of becoming carbon neutral by 2025 but about collective growth and security.GCF, based in South Korea, is a mechanism to redistribute money from the developed to the developing world, founded within the United Nations Framework Convention for Climate Change (UNFCCC), the organization which is organizing COP21

    Dire Tube News

    Image: GCF Logo.

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  • All banks to use one ATM card

    The National Bank of Ethiopia (NBE) said it will put in place a system that enable clients to use one ATM card and cheque in all banks of the country.

    All banks to use one ATM card Majority of works have been finalized to implement the scheme this Ethiopian fiscal year, said Teklewold Atnafu, Governor of NEB.

    The new system allows clients to withdraw money from ATM machines using VISA card from any banks, he said.

    According to the Governor, the system saves time and money as well as helps banks to expand their reach and increase their benefit.

    Source: FBC

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  • Saudi Investors Accused Ethiopian Government Officials

    Saudi investors have accused some Ethiopian government officials of robbing them of their land and equipment. Mohammed Al-Shehri, who leads a body of investors in the African country, claimed that certain Ethiopian officials falsely accused him and others of criminal activities so that they could confiscate their property.

    Al-Shehri said that 50 percent of Saudi investors in Ethiopia have left the country, some leaving behind their farms and others selling them. He said many do not want to return there because they fear being framed for crimes they did not commit.
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    Saudi Investors Accused Ethiopian Government Officials

    Image:Ethiopian worker argues with a member of the Saudi security forces as he waits with his countrymen to be repatriated in Manfouha, southern Riyadh, Nov. 11, 2013. (photo by REUTERS/Faisal Al Nasser)



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  • WFP Call for More Aid is Needed to Tackle Drought in Ethiopia

    The World Food Programme says that hunger has risen dramatically in Ethopia because of a severe drought.WFP is planning to feed around 6 million EthiopiWFP Call for More Aid is Needed to Tackle Drought in Ethiopia ans in 2016, making it one of their largest country operations. The drought is so severe that WFP food aid is needed to prevent a famine.

    Sweden was one of the first to respond to the plea for help. John Aylieff, WFP Representative and Country Director in Ethiopia, says, "Families across the Somali region, whose lives have been turned upside down by what is said to be one of the worst El Niño events in recorded history, will feed themselves and their children for the next month thanks to the generosity of Sweden."

    Canada,Norway, Switzerland, and the United States have also made recent donations to Ethiopia. But WFP is now having to gear up for a huge emergency along with others including the wars in Syria, Iraq and Yemen.
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    Image:The World Food Programme says that hunger has risen dramatically in Ethopia because of a severe drought.
    WFP/Rose Ogola

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  • Ethiopia, Sudan to establish free trade zone

    Works are underway to establish free trade zone that benefits people both in Ethiopia and Sudan.

    Dr Debretsion Gebremichael, Deputy Prime Minister for Finance and Economic Cluster and Minister of Communication and Information Technology, made the remark during a press conference here today.

    The two countries have agreed to establish a free trade zone, he said.

    A Joint Committee drawn from both countries has been formed to conduct a study on ways of implementing the agreement within the next three months.

    The Committee is also tasked to carry out a study on how the Commercial Bank of Ethiopia (CBE) will open its office in Sudan and the Sudanese banks in Ethiopia.

    Moreover, the Joint Committee is responsible to undertake a study on ways of filling the gap on the use of currency.

    Hassabo Mohamed Abdelrahman, Vice President of the Sudan, said the trade zone will further cement the longstanding historical and economic ties of the two countries.

    Public passenger transport service has been launched between the two countries in April last year. Ethiopian Airlines flies to Sudan three times a day.

    Previously, the two countries signed 12 agreements to cooperate in trade, investment, federal and regional levels, sale of electricity, customs, youth, sport, banks and other areas.

    The trade, investment and people-to-people relation between the two countries is growing from time to time. Sudan stands 7th, next to USA, China, UK, Kenya, Italy and France in sending tourists to Ethiopia.

    About 513 Sudanese companies with a combined capita of 37 billion birr capital are currently engaged in various investment sectors in Ethiopia.

    Source: FBC

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