ጅቡቲ ኢትዮጵያን ተማምና ከአቅሟ 9 ጊዜ በላይ ወጭ አድርጋ በ$9.8 ቢሊዮን (ሚሊዮን አይደለም) አዲስ ወደብ ልትሰራ ነው።

ጅቡቲ ኢትዮጵያን ተማምና ከአቅሟ 9 ጊዜ በላይ ወጭ አድርጋ በ$9.8 ቢሊዮን (ሚሊዮን አይደለም) አዲስ ወደብ ልትሰራ ነው።

Djibouti has announced embarking on several mega infrastructure projects with a total investment of $9.8 billion.

The cost of the projects is six times more than the tiny eastern Africa country's Gross Domestic Products (GDP).

Djibouti is currently constructing $804 million multi-purpose and three specialized ports to be dedicated for export of livestock, and 4 million tons of potash export per year from Ethiopia and 6 million tons of industrial salt annually from Djibouti.

"Out of the $9 billion total investments for the 14 mega projects, we have already secured 58 per cent funding," Mr Abubaker Mohamed Hadi, the Chairman of the Djibouti Ports and Free Trade Zone Authority (DPFTZA), told visiting journalists from Ethiopia.

The funds, he explained, are from China Exim Bank and the 23.5 shareholder of DPFTZA, China Merchants and other financers.

New airports

Currently, most of Ethiopia's $13 billion import and $3 billion export goods come and exit through Djibouti port.

In addition to Ethiopia, which has become a major client of the Djibouti port following the 1998 Ethiopia-Eritrea War, Djibouti also plans to expand its services to South Sudan.

"...Of the 17 landlocked countries in Africa, 10 are in our region," Mr Hadi said, explaining the prudence of investing in the mega infrastructure projects.

The other mega projects in the country with less than one million people, include new airports, national shipping company and an airline, crude oil terminal, development of business districts and $3 billion natural gas refinery.

The $525 million Doraleh Multipurpose Port is expected to be completed in the two years.

When complete, the old Port of Djibouti will be converted to a business district, according to Mr Hadi.

Mr Hadi further noted that the investment also took into considerations the connectivity plan of Africa and integration of the continent. 

He indicated that Ethiopia's fast economic growth in recent years had helped Djibouti to grow by 5 per cent on average annually for the past five years.

Ethiopia: Ethiopian Started Flying to Qatar’s Capital

Ethiopian Airlines began three weekly flights to the capital of Qatar, Doha, starting from December 2, 2014.
The press release by the Airline noted the flight is going to enable travelers to and from Doha to enjoy convenient and seamless connectivity options, with minimum layover in Addis Ababa, thanks to Ethiopian extensive network in Africa covering 49 destinations. Convenient connections will be available to and from cities such as Johannesburg, Nairobi, Kinshasa, Lagos, Accra, Dakar, Dar-es-Salaam and Entebbet, it furthered.

The Korea UN body, Ethiopian Airlines sign accord for library project

By Lee Min-hyung

To ensure continued support for African countries, a United Nations organization signed an agreement with Ethiopian Airlines at the headquarters of the Korea Tourism Organization (KTO), central Seoul, on Monday.

The agreement is part of efforts by the United Nations World Tourism Organization (UNWTO)'s Sustainable Tourism for Eliminating Poverty (ST-EP) Foundation to help African countries suffering from the Ebola virus. Most of those countries are now in desperate need of aid.

The agreement means the library construction project, "Thank You Small Library," will continue for the foreseeable future. The ST-EP Foundation has built 153 libraries in 19 countries as of September, and is now extending its aid project to other countries outside of Africa such as Moldova and Cambodia. The organization was established in Korea a decade ago to provide financial and humanitarian aid to underdeveloped countries.

Teddy Afro's Helsinki, Finland concert for Dec 6, 2014 cancellation was confirmed by his promoter

Teddy Afro's Helsinki, Finland  concert  for Dec 6, 2014 cancellation was confirmed by his promoter. The Amharic and English press release was given by Teddy Afro's  Helsinki promoter.  The reason for  Teddy Afro's travel ban is still unknown.  Abugeda Band and his  manager  from US had arrived in Finland as scheduled but Teddy Afro's passport was confiscated at the last minute and forced the promoter to canceled the show. This is not the first time Teddy Afro is head to head to Ethiopian authorities, in the past Teddy was accused of  hit-and-run and was sentenced few months in jail and later released. Later Teddy cleared his  name. Recently there were rumors Teddy Afro once avian head on with Ethiopian laws for tax related issues. At this time there is no a clear news for the main reason for his travel ban from Ethiopia. Most fans suspect it could be poetically motivated because there will be a general election in few months.   

70 Ethiopian migrants drown in shipwreck off Yemen coast

Ethiopian migrants sleep out in the open near a transit centre where they wait to be repatriated, in the western Yemeni town of Haradh, on the border with Saudi Arabia. (File photo: Reuters)

AFP, Sanaa
Monday, 8 December 2014

Seventy Ethiopian migrants have drowned after their boat sank near the entrance to the Red Sea off the coast of Yemen, the Yemeni Interior Ministry said.

The boat capsized in bad weather off the port city of al-Makha, near the Strait of Bab el-Mandeb, the ministry said in a statement posted on its website Sunday. It did not clarify when the boat sank.

"All those who were on board died," the statement said, adding that all were from Ethiopia.

Thousands of people fleeing troubled countries in the Horn of Africa try to reach Yemen every year in the hope of making their way on to Saudi Arabia and the Gulf.

On May 31, 60 migrants from Ethiopia and Somalia along with two Yemeni crew members drowned in the worst such tragedy off the coast of Yemen this year, according to the UNHCR.

In the past five years, more than 500,000 people -- mostly Eritreans, Ethiopians and Somalis -- have reached Yemen via the Gulf of Aden and the Red Sea following treacherous journeys on vessels that are often overloaded.


The country is home to up to two million migrants, mostly illegals who entered from other countries of the Arabian Peninsula, according to unofficial estimates commonly cited by experts and humanitarian organizations.

In October, the U.N.'s refugee agency said the number of migrants and asylum seekers from the region losing their lives in an attempt to reach Yemen in 2014 was the highest in years, exceeding the combined total for 2011, 2012 and 2013.

Yemen is the only country in the Arabian Peninsula that is signatory to two international accords dating back to 1951 and 1967 governing the protection of refugees.

It currently hosts 246,000 refugees, of whom more than 230,000 are from Somalia and a smaller number from Ethiopia, Eritrea, Iraq and Syria, according to UNHCR figures.

Africa 101 Watch & Share!

Post by Africlandpost.

Not Just for Export: Ethiopia's Coffee Culture

My first trip to a coffee-producing country was in 2008. I was traveling to Costa Rica, and right up there with surfing in Tamarindo and seeing the Volcan Arenal was what I considered a culinary must: sampling some fabled Costa Rican roast.

Imagine my dismay when, upon settling into a cozy local restaurant, and requesting a coffee, I received... Nescafe.

As I continued to travel to countries famous for their coffee - Peru, Tanzania, Rwanda - I realized that my experience in Costa Rica was no aberration. As many frustrated travelers come to find, the countries richest in coffee often produce almost exclusively for export, resigning themselves to drinking instant.

Not so in Ethiopia.

Coffee culture in Ethiopia - considered to be the drink's birthplace - dates back centuries, and continues to this day. In fact, according to the International Coffee Organization (ICO), domestic coffee consumption accounts for more than half of the country's production; unheard of in Africa.

Indeed, when I recently visited Addis Ababa, Ethiopia's bustling capital, I was overwhelmed by the abundance of good, strong coffee. And not just at "western" shops and restaurants, but on the street, at work, and in small local cafes. I tried the "macchiato"; not the kind we associate with Starbucks, but a shot of milk topped with ultra-strong espresso, served in a small glass and occasionally drizzled with cocoa.

Tyler Perry's Girlfriend Ethiopian's Gelila Bekele Gives Birth, Couple Welcomes Baby Boy Aman(አማን)

An early holiday gift! Tyler Perry and his model girlfriend Gelila Bekele have welcomed their first child together, sources confirm to Us Weekly. The couple's son Aman Tyler Perry arrived on Sunday, Nov. 30.



"They are totally and completely excited, and really looking forward to their first holiday with their son," a source tells Us. "Everybody is happy and healthy."

Us confirmed back in September that Perry and Bekele, 28, were expecting. The If Loving You Is Wrong creator announced the news to loved ones at his 45th birthday bash at his Atlanta, GA., home on Sept. 22.



"They are overjoyed and really, really happy," an insider told Us at the time. "He was so happy in the moment so he told the guests."



Days later, Perry accidentally revealed that the couple were having a son. "The greatest gift I'm being given right now is the opportunity to give the little boy in me everything I never had, so that's what I'm excited about," the filmmaker-mogul said during an interview with Extra.



"This beautiful human being that God has allowed to come into my life for me to get to know, because they come with their own personalities," he continued, "...to shepherd and usher him."

Read more: http://www.usmagazine.com/celebrity-moms/news/tyler-perrys-girlfriend-gelila-bekele-gives-birth-welcomes-son-2014412#ixzz3L5RwDKoV
Follow us: @usweekly on Twitter | usweekly on Facebook

ሰበር ዜና:ቴዲ አፍሮ ከአገር እንዳይወጣ ታገደ ተባለ

Breaking News. According to ESAT (Ethiopian Satellite TV) Teddy Afro (Tewodros Kasashun) has been banned from leaving his country Ethiopia and his passport has been confiscated by security officials at Addis Ababa  Bole International Airport prior to his departure to his first leg of  European music tour to Helsink . According to ESAT Teddy was heading to Helsinki, Finland for his  live performance on December 6. 2014. Teddy Afro official  Facebook pages shows his band's arrival in Helsinki but no information about Teddy Afro.

Ethiopia Set To Issue First Eurobond As Roadshow Ends

Ethiopia is planning to issue its first Eurobond tomorrow after finishing off an investor road show in New York today, and will become the second-poorest country on record to tap the international debt market.

Ravenous demand for higher-yielding debt has encouraged a slew of countries previously shut out of international bond markets to issue securities for the first time – including Rwanda, Senegal, Azerbaijan and Zambia.

Even countries with (very) patchy history of repaying creditors – like Ecuador and Greece – have been welcomed back.

Ethiopia is one of the poorest countries in the world, with a gross domestic product per capita of just $1,240 (adjusting for PPP) according to the World Bank. A successful issue would make it the second-poorest country ever to tap the international bond market, after the Republic of Congo in 2007.

However, the International Monetary Fund predicts that the country’s economy will be the eighth-fastest growing in the world this year.

The deal will have a 10-year maturity, and orders for the debut are already being placed with the banks, JPMorgan and Deutsche Bank.

The country’s maiden bond has been rated B1 by Moody’s, deep into the “junk” range of ratings,
- See more at: http://afkinsider.com/80601/ethiopia-set-issue-first-eurobond-roadshow-ends/#sthash.Q7REuKQB.dpuf

Love, Family and infidelity ፍቅር፣ ቤተሰብ እና ውስልት::

The Future American President is here (VIDEO)

11 year old speaks on Ferguson and nails it. I hope I can raise a son like this one day.

Post by Derrick Jaxn.

ፕሬዜዳንት ኦባማ በ 3D ማተሚያ የታተመውን የራሱን ምስል/ ሀውልት ሲመለከት

Post by The White House.