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Capitalethiopia
@capitalethiopia
Capitalethiopia (English)
Capitalethiopia is a Telegram channel dedicated to providing the latest news, updates, and insights on Ethiopian capital city, Addis Ababa. From business developments to cultural events, this channel covers a wide range of topics that are relevant to the vibrant and dynamic city of Addis Ababa. Whether you are a resident, visitor, or simply interested in learning more about the Ethiopian capital, Capitalethiopia is your go-to source for all things related to Addis Ababa. Stay informed and connected with the pulse of the city through this informative and engaging channel. Join today and be part of the conversation!
Capitalethiopia
20 Nov, 10:41
#Society China is a development partner of Ethiopia
Ethiopian Prime Minister Abiy Ahmed on 14th August 2024 launched the construction of the Chinese-contracted “Addis Tomorrow Special Economic Zone” at the heart of Addis Ababa, the country’s capital. This development project aimed at significantly enhancing the city’s economic and social infrastructure.
The Addis Ababa City Administration and China’s China Communications Construction Company (CCCC) inked an agreement a year before to build the economic zone, that covers an area of 35 hectares, at an estimated cost of 700 million U.S. dollars.
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Ethiopian Prime Minister Abiy Ahmed on 14th August 2024 launched the construction of the Chinese-contracted “Addis Tomorrow Special Economic Zone” at the heart of Addis Ababa, the country’s capital. This development project aimed at significantly enhancing the city’s economic and social infrastructure.
The Addis Ababa City Administration and China’s China Communications Construction Company (CCCC) inked an agreement a year before to build the economic zone, that covers an area of 35 hectares, at an estimated cost of 700 million U.S. dollars.
Read More
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Capitalethiopia
20 Nov, 10:40
#Interview The role of seed banks in global food security
In an era where global food security is increasingly under threat from climate change, environmental degradation, and geopolitical instability, the preservation of agricultural biodiversity has never been more critical. Luis Salazar, Communications Manager at the Crop Trust, sheds light on the vital role of seed banks, particularly the Svalbard Global Seed Vault, in safeguarding the future of our food systems. In this interview, Salazar discusses the importance of storing diverse seed samples, the impact of these efforts on resilience against climate challenges, and the cultural significance of indigenous seed varieties. He also emphasizes the need for international cooperation and private sector involvement in conservation initiatives, while outlining the challenges and opportunities ahead.
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In an era where global food security is increasingly under threat from climate change, environmental degradation, and geopolitical instability, the preservation of agricultural biodiversity has never been more critical. Luis Salazar, Communications Manager at the Crop Trust, sheds light on the vital role of seed banks, particularly the Svalbard Global Seed Vault, in safeguarding the future of our food systems. In this interview, Salazar discusses the importance of storing diverse seed samples, the impact of these efforts on resilience against climate challenges, and the cultural significance of indigenous seed varieties. He also emphasizes the need for international cooperation and private sector involvement in conservation initiatives, while outlining the challenges and opportunities ahead.
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Capitalethiopia
20 Nov, 10:39
#Editorial A dangerous gamble
As tensions rise in the Horn of Africa, particularly between Ethiopia and Somalia, the implications for Ethiopia could be dire if these tensions escalate further. The recent memorandum of understanding (MoU) between Ethiopia and Somaliland—an autonomous region that has declared independence from Somalia—has already sparked significant diplomatic fallout. This agreement, which grants Ethiopia access to the strategic Berbera port in exchange for recognizing Somaliland’s sovereignty, threatens to destabilize an already fragile regional balance and could lead to broader conflict.
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As tensions rise in the Horn of Africa, particularly between Ethiopia and Somalia, the implications for Ethiopia could be dire if these tensions escalate further. The recent memorandum of understanding (MoU) between Ethiopia and Somaliland—an autonomous region that has declared independence from Somalia—has already sparked significant diplomatic fallout. This agreement, which grants Ethiopia access to the strategic Berbera port in exchange for recognizing Somaliland’s sovereignty, threatens to destabilize an already fragile regional balance and could lead to broader conflict.
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Capitalethiopia
19 Nov, 15:03
#CapitalNew | Opposition Leader Wins Somaliland Presidential Contest
The Somaliland electoral commission announced Tuesday that opposition leader Abdirahman Mohamed Abdullahi “Irro” defeated incumbent Muse Bihi Abdi for the presidency of the breakaway region located on the Horn of Africa. Independent observers described the election as peaceful. Irro, candidate for the Waddani (National) party captured 63.92% of the vote, compared with Bihi’s 34.81%. A third candidate, Faysal Ali Warabe, received 0.74% of the votes. The election was originally scheduled to take place in 2022 but was delayed due to political differences. Bihi, who defeated Irro in the last election in 2017, promised during the campaign that he would respect the results of the election.
The Somaliland electoral commission announced Tuesday that opposition leader Abdirahman Mohamed Abdullahi “Irro” defeated incumbent Muse Bihi Abdi for the presidency of the breakaway region located on the Horn of Africa. Independent observers described the election as peaceful. Irro, candidate for the Waddani (National) party captured 63.92% of the vote, compared with Bihi’s 34.81%. A third candidate, Faysal Ali Warabe, received 0.74% of the votes. The election was originally scheduled to take place in 2022 but was delayed due to political differences. Bihi, who defeated Irro in the last election in 2017, promised during the campaign that he would respect the results of the election.
Capitalethiopia
19 Nov, 13:03
#CapitalNews COP29: Africa demands urgent climate action, $1 trillion fund
As world leaders gather at COP29 in Baku, Azerbaijan, a powerful message reverberates through the conference halls: “The cost of inaction is far greater than the investment required to build a resilient and prosperous future for Africa.” This urgent call to action, articulated by Claver Gatete, United Nations Under-Secretary-General and Executive Secretary of the Economic Commission for Africa (ECA), underscores the pressing realities faced by a continent that suffers disproportionately from climate change while contributing minimally to global emissions.
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As world leaders gather at COP29 in Baku, Azerbaijan, a powerful message reverberates through the conference halls: “The cost of inaction is far greater than the investment required to build a resilient and prosperous future for Africa.” This urgent call to action, articulated by Claver Gatete, United Nations Under-Secretary-General and Executive Secretary of the Economic Commission for Africa (ECA), underscores the pressing realities faced by a continent that suffers disproportionately from climate change while contributing minimally to global emissions.
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Capitalethiopia
19 Nov, 13:02
#CapitalNews Exploring debt financing through bonds to enhance domestic funding
Ethiopia is set to enhance its domestic funding capabilities through debt financing via bonds in the Ethiopian securities market. This initiative is part of a comprehensive reform program aimed at restoring macroeconomic stability by modernizing monetary and financial systems and strengthening fiscal capacity.
The National Bank of Ethiopia (NBE) has highlighted that this new approach to capital markets will create significant opportunities for the government. Mamo Mihretu, Governor of the NBE, stated,
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Ethiopia is set to enhance its domestic funding capabilities through debt financing via bonds in the Ethiopian securities market. This initiative is part of a comprehensive reform program aimed at restoring macroeconomic stability by modernizing monetary and financial systems and strengthening fiscal capacity.
The National Bank of Ethiopia (NBE) has highlighted that this new approach to capital markets will create significant opportunities for the government. Mamo Mihretu, Governor of the NBE, stated,
Read More
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Capitalethiopia
19 Nov, 13:01
#CapitalNews New UN report highlights potential of carbon markets for LCD’s
The United Nations Conference on Trade and Development (UNCTAD) has released its 2024 report, titled “Leveraging Carbon Markets for Development,” which underscores the significant opportunities carbon markets present for the least developed countries (LDCs). This comprehensive report aims to explore how these nations can utilize carbon markets to foster sustainable development and economic growth.
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The United Nations Conference on Trade and Development (UNCTAD) has released its 2024 report, titled “Leveraging Carbon Markets for Development,” which underscores the significant opportunities carbon markets present for the least developed countries (LDCs). This comprehensive report aims to explore how these nations can utilize carbon markets to foster sustainable development and economic growth.
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Capitalethiopia
19 Nov, 08:23
#CapitalNews EthSwitch fully connects Ethiopian banking industry through digital platform
EthSwitch has successfully integrated the Ethiopian banking industry into a comprehensive digital transaction system, marking a significant advancement in the country’s financial landscape. Established in 2011, EthSwitch announced during the recent fiscal year that it has connected all banks to its digital platform, playing a crucial role in advancing the National Digital Payment Strategy aimed at fostering an inclusive digital payment ecosystem.
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EthSwitch has successfully integrated the Ethiopian banking industry into a comprehensive digital transaction system, marking a significant advancement in the country’s financial landscape. Established in 2011, EthSwitch announced during the recent fiscal year that it has connected all banks to its digital platform, playing a crucial role in advancing the National Digital Payment Strategy aimed at fostering an inclusive digital payment ecosystem.
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Capitalethiopia
19 Nov, 08:18
#CapitalNews Call for policies to protect Ethiopia’s gig workers
The gig economy in Ethiopia is still in its infancy, yet it has become a vital source of income for millions of workers who operate outside the formal employment sector. However, as this sector expands, there is a pressing need for policies specifically designed to protect gig workers, many of whom lack formal contracts and legal protections.
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The gig economy in Ethiopia is still in its infancy, yet it has become a vital source of income for millions of workers who operate outside the formal employment sector. However, as this sector expands, there is a pressing need for policies specifically designed to protect gig workers, many of whom lack formal contracts and legal protections.
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