Tigray Conflict
Ethiopia’s Government Postpones Ethio Telecom Privatisation Process
Image sourced from FurtherAfrica. The government of Ethiopia has announced today that it will be postponing the ongoing privatisation process of the state-owned Ethio Telecom, and did not set a timeframe for when the process will continue. In an announcement posted to Twitter by the official account of the Ethiopian Ministry of Finance, the Ethiopian federal government says that due to “recent developments” and “fast-moving macroeconomic changes both globally and from a country perspective, the government of Ethiopia has decided to postpone the privatisation process” of Ethio Telecom. pic.twitter.com/rNLYAijWnX — Ministry of Finance – Ethiopia (@MoF_Ethiopia) March 18, 2022 “The government of Ethiopia believes that taking time to accommodate the improved macroeconomic situation as well as ...
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Orange Submits Interest for Stake in Ethio Telecom
Sourced from MSNBC. French telecom firm Orange has submitted an expression of interest to participate in the ongoing partial privatisation of Ethiopia’s Ethio Telecom. This is according to Ethiopia’s ambassador to Paris, sharing the news on Twitter. Fruitful discussions with team of @orange which has formally submitted interest to participate in the partial privatization of @ethiotelecom! 🇪🇹 with fast growing economy & income of +100 mln people remains very attractive to foreign investors. @MoF_Ethiopia @mfaethiopia pic.twitter.com/vXJxTnYHas — Henok Teferra Shawl (@_HenokTeferra) July 20, 2021 Henok Teferra Shawl said in the tweet that Orange had “formally submitted interest to participate in the partial privatisation of Ethio Telecom.” Saying that discussions with Ora...
Safaricom’s Plans in Ethiopia Hit Snag Due to Possible US Payment Ban
Image sourced from Techweez Safaricom’s plans to expand into Ethiopia have hit a complication as a US State financier is threatening to recall its loans to a Safaricom-led consortium following an escalation of armed conflict in the horn of Africa. The US International Development Finance Corporation (DFC) says that acts of violence against civilians in Ethiopia’s Tigray region could affect the release of $500-million in loans to the consortium. If the conflict deepens, it could push the DFC to forgo the investments altogether and pressure the telecoms in the consortium to seek finances from elsewhere. War in Tigray DFC’s financing of the consortium had previously been thrown into doubt over US economic sanctions against Ethiopia related to the ongoing conflict in Tigray, which has killed t...
Red Cross condemns ‘horrific’ sexual violence in Ethiopia’s Tigray
The Red Cross voiced alarm Thursday over “horrific” accounts of sexual violence in Ethiopia’s conflict-hit Tigray region, amid fears that rape was being used as a weapon of war. Robert Mardini, director-general of the Geneva-based International Committee of the Red Cross, said the organisation’s staff in hospitals and clinics in the region were hearing first-hand of extreme sexual violence. “Those reports are extremely horrific, very shocking,” he told AFP in an interview, adding that this was a “matter of grave concern”. “I haven’t heard such terrible accounts for more than two decades in the humanitarian sector,” said Mardini, who among other things closely followed the civil wars in Syria and Yemen when he headed ICRC’s Near and Middle East division from 2012 to 2018. “Many of my humani...
Tigray unrest: Sudan needs $150 million to help Ethiopian refugees – UN
UNHCR Sudan needs $150 million in aid to cope with the flood of Ethiopian refugees crossing its border from conflict-stricken Tigray, the UN refugee agency chief said Saturday during a visit to a camp. The Tigray conflict broke out on November 4 between Ethiopia’s federal forces and leaders of the region’s ruling party. Sudan has since hosted more than 43,000 Ethiopian refugees fleeing from the intense fighting into one of its most impoverished regions. “Sudan needs $150 million for six months to provide these refugees water, shelter and health services,” said UN High Commissioner for Refugees Filippo Grandi at Um Raquba camp, some 80 kilometres (50 miles) from the border. Grandi called on “donors to provide Sudan with these resources as soon as they can”. Between 500 and 600 refugees are ...
