Swiss Leaks, ICIJ By: Gerard Ryle, Will Fitzgibbon, Mar Cabra, Rigoberto Carvajal, Marina Walker Guevara, Martha M Hamilton and Tom Stites Secret documents reveal that global banking giant HSBC profited from doing business with arms dealers who channelled mortar bombs to child soldiers in Africa, bag-men for Third World dictators, traffickers in blood diamonds and
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By Niyi Aderibigbe – Africa has had its fair share of crisis, but its current developmental strides are shifting focus from the continent’s troubles to the abundant potentials and opportunities. These positive changes have been reinforced by continuing regional integration in the Eastern, Southern and Western parts of the continent. However, the countries in the
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By Aaron Maasho ADDIS ABABA (Reuters) – Ethiopia will complete expansion work on the capital’s airport in 2018 to triple the number of passengers it handles from 7 million a year now and will soon pick a site for a new hub to deal with 10 times the number in future, a senior official said.
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The family of the late Ethiopian marathon champion Abebe Bikila is suing Vibram for allegedly using his name without permission, according to the Associated Press. The lawsuit, filed in federal court in Tacoma, Wash., claims that Vibram didn’t seek permission for trademarking the name “Bikila” and naming several of its minimally designed FiveFingers footwear running
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The United States Federal Aviation Authority (FAA) has removed the prohibition that it placed on US carriers and commercial operators from overflying some parts of Ethiopia. The ban was placed in 2000 for north of 12 degrees north latitude during the Ethiopia and Eritrea border conflict, the FAA says. The removal of the ban was
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Djibouti (HAN) February 7, 2015 – Public diplomacy and Press Release from Press Office of the President of Djibouti. Republic of Djibouti to Receive Ethiopian Prime Minister in Historic State Visit. State visit to Djibouti by an Ethiopian Prime Minister, Visit aimed at formalising economic integration The President of the Republic of Djibouti, Ismaïl Omar Guelleh, will
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ADDIS ABABA (Reuters) – Ethiopia’s inflation rose to 7.7 percent year-on-year in January from 7.1 percent in the previous month, the statistics office said on Friday. The Central Statistics Agency attributed the jump to higher prices of food and non-food items. Prices for such items as meat, dairy products, vegetables and fruit increased 7.1 percent
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By Edmund Blair ADDIS ABABA, Feb 4 (Reuters) – Ethiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services, the mobile technology providers and banks said. The launch of the services, which allow customers to make payments or receive money
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ADDIS ABABA- Reuters: Ethiopia’s ambition to become a manufacturing hub may hinge on Khalid Bomba’s ability to transform small-scale farming just as much as it relies on new railways, roads and other more obvious signs of change in a nation once brought to its knees by famine. The 46-year-old one-time investment banker is now chief
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Marthe van der Wolf, VOA ADDIS ABABA, ETHIOPIA—More than $60 billion leaves the African continent every year through illicit financial flows, and the amount keeps on growing. A report with recommendations for African countries was presented Sunday. A new report says African countries need to take concrete measures to stop billions of dollars from illegally
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