The Reporter

24/12/2024

EHRC report sheds light on appalling, widespread rights abuses under police custody

Beatings, torture, extortion, prolonged detention among alleged crimes Victims of rights abuses committed while in government custody have come forward with their horrifying accounts in a first-of-its-kind report on deprivations of liberty compiled by the Ethiopian Human Rights Commission (EHRC). The report covers a five-year period beginning April 2018 and features testimony from close to […]

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Beatings, torture, extortion, prolonged detention among alleged crimes

24/12/2024

Foreign Ministry denies Ethiopian involvement in Doolow attack

The Ministry of Foreign Affairs said it is “dismayed” by a statement from the Somali government incriminating Ethiopian forces in a deadly attack on Somali security personnel on the morning of December 23, 2024.

A statement released by the Somali Foreign Ministry yesterday blamed Ethiopian forces for an “unprovoked and unexpected” attack on the border town of Doolow, which it says resulted in numerous injuries and fatalities, including civilians, at three different security bases.

The development comes less than two weeks after Prime Minister Abiy Ahmed and Somali President Hassan Sheikh Mohamud agreed to put an end to the tensions that have marred relations between the two countries for the past year. The terms of the ‘Ankara Declaration’ will reportedly grant Ethiopia maritime access under the “sovereign authority” of Somalia...

https://www.thereporterethiopia.com/43081/

23/12/2024

Tecno recently unveiled its groundbreaking Tecno AI Assistant application and its latest AI-powered technological products in a grand event held at the Skylight Hotel.
https://www.thereporterethiopia.com/43065/

21/12/2024

This Week's The Reporter Print Edition is Now Out!
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19/12/2024

Ethiopia’s Digital Finance Successes and the Shadow of Risks
https://thereportermagazines.com/3436

Digital transactions in Ethiopia are experiencing unprecedented growth, a trend that, while not yet receiving the global recognition of initiatives

17/12/2024

Fractured Horn, Rising Threat

The Horn of Africa is facing a dramatic resurgence of terrorist activity, as tensions between Ethiopia and Somalia continue to

17/12/2024

Ethiopian expands into DRC with Air Congo

The Group has finalized an agreement with the government of the Democratic Republic of Congo that will grant the carrier a 49 percent stake in Air Congo.

Ethiopian will control Air Congo’s management, according to a statement released today.

The agreement also includes terms for an aircraft lease arrangement, technical and systems support, and training for pilots, cabin crew, and sales staff, reads the statement.

Air Congo joins the likes of ASKY, Malawi Airlines, and Zambia Airways under Ethiopian’s acquisitions and partnerships in Africa under its Vision 2035 strategy.

“The launch of Air Congo is a significant step in our strategic plan to collaborate with African governments and enhance air transport across the continent,” said CEO Mesfin Tasew. “The partnership will provide greater connectivity for the DRC and central Africa, facilitating investment, trade, and tourism.”

17/12/2024

Banking industry opens to foreign business

The Ethiopian banking industry is open to foreign investment for the first time in half a century as lawmakers finally ratify the amended Banking Business Proclamation.

The bill was passed today with only three MPs voting in opposition following a lengthy discussion in Parliament today.

Among those who opposed the bill was Desalegn Chane (PhD), who argued the National Bank of Ethiopia (NBE) lacks the capacity to regulate foreign banks.

He fears liberalizing the industry would crowd out domestic banks and hurt small and medium businesses by funneling finance towards large conglomerates.

Desalegn also questioned what the move would mean for industry shareholders, particularly those who own stakes in recently formed third generation banks.

Central bank Governor Mamo Mihretu, however, brushed aside the concerns and stated the bill would enable the NBE to scale up its regulatory prowess.

13/12/2024

Ethiopians Joining the Future: A Local Startup in AI

Ethiopia is said to have implemented a National AI policy in June 2024 in an effort to succeed in its

12/12/2024

NEWS ALERT

Ethiopia, Somalia to reach maritime agreement by June 2025

A Türkiye-facilitated meeting between Prime Minister Abiy Ahmed (PhD) and Somali President Hassan Sheikh Mohamud ended yesterday with promises to reach a commercial maritime arrangement between the two Horn countries by June next year.

The deal, negotiations for which are set to start in February, would allow Ethiopia sea access under the “sovereign authority” of Somalia, according to a statement released yesterday.

The ‘Ankara Declaration’ signed by both leaders states intentions to “leave behind differences and contentious issues and forge ahead in a cooperative manner.”

Although the third round of talks in Ankara could mark an end to the tensions that have defined relations between Addis Ababa and Mogadishu for the past year, the Declaration fails to mention the fate of the sea access deal signed with breakaway Somaliland in January.

The development also comes amid reports that the incoming Trump administration is prepared to recognize the sovereignty of Somaliland.

What the Ankara Declaration will mean for Ethiopia’s participation in an upcoming African Union-led peacekeeping mission in Somalia is also unclear. Over the past few months, Mogadishu has vehemently spoken out against the inclusion of Ethiopian troops in AUSSOM.

However, the Declaration hints the position might change.
“Somalia recognizes the sacrifices of Ethiopian soldiers within the African Union Missions,” it reads.

10/12/2024

A Bitter Pill to Swallow: The Cost of Survival

Kebede Melaku’s frail voice carries the weight of resignation. “There is no other option but to calmly accept the inevitable

07/12/2024

NEWS ALERT

Stock Exchange Receives License

Officials at the Ethiopian Capital Market Authority have granted the Ethiopian Securities Exchange (ESX) an operational license.

The Exchange is also licensed to operate as an Over the Counter (OTC) market, according to a statement released today.

The Exchange is expected to debut the coming weeks after raising more than 1.5 billion birr from 48 investors, including 16 of the country’s commercial banks and 12 insurers.

Three foreign investors – the Trade and Development Bank (TDB), FSD Africa, and the Nigeria Exchange Group (NGX) – have also acquired stakes in the upcoming capital market.

“ESX has deployed a cutting-edge electronic trading platform, a shared broker back office, and order management systems, ensuring secure, efficient, and accessible trading,” reads the statement.

05/12/2024

Stay connected and informed with The Reporter Magazine's December issue, delving into the latest political, economic, social, and cultural trends.

Visit our Website: www.TheReporterMagazines.com

E-Print : https://thereportermagazines.com/e-print-december-3/

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03/12/2024

Ethiopian Airlines Leading Africa’s Entry into the Space Industry?

Why Major African Tech Companies Should Invest in Small Satellite (SmallSat) Production and Internet-Related Services

In my opinion Africa’s leading companies with technology expertise stand at a pivotal moment in history—a rare window of opportunity

01/12/2024

Want an unbiased, non-political look at the current state of Amhara Region?

Hear firsthand accounts from ordinary citizens sharing the raw reality of what they are living through.

The Reporter Magazine has been on the ground. Find our special report here https://thereportermagazines.com/3399/