(Photo: Konso Zone Government Communications/Facebook) Addis Abeba – A deadly assault in the Segen district of Konso Zone, located in the South Ethiopia region, claimed the lives of eight police officers and five civilians. In an interview with Addis Standard, Urmale Ugande, the administrator of the Segen district, disclosed that the attack on 18, August, 2024, was …

The local currency value fell by 100% two weeks into the forex regime reform (Illustration: Addis Standard) By Adunya Zerihun Addis Abeba – On 29 July 2024, the National Bank of Ethiopia announced a reform of the Foreign Exchange Regime, introducing a floating exchange rate – a system where the value of a country’s currency …

Lieutenant General Tadesse Werede, deputy president of Tigray’s interim administration and head of the cabinet secretariat for peace and security (Photo: Dimtsi Weyane) Addis Abeba – Lieutenant General Tadesse Werede, deputy president of Tigray’s interim administration and head of the cabinet secretariat for peace and security, has reassured the public that concerted efforts are being undertaken …

Adem Farah. Photo: Prosperity Party Addis Abeba – Adem Farah, Head of the Coordination Center for the Development of Democracy with the rank of Deputy Prime Minister, and Vice President of Ethiopia’s ruling Prosperity Party (PP), said that President of Somalia Hassan Sheikh Mohamud’s recent statements and speeches “deny the reality on the ground, go …

(Photo: Tigray TV) Addis Abeba – Getachew Reda, president of the Tigray Interim Administration, has issued a directive mandating that zonal and district administration units obtain prior approval from his office before convening any meetings. In a formal communication addressed to all zonal and district administrations, President Getachew underscored the importance of centralized decision-making. He emphasized …

The business community held a public consultation on 20 August, 2024, with officials and experts from the Ministry of Finance. The focus of the consultation was on the draft regulation implementing the recently approved Value Added Tax (VAT) proclamation (Photo: Ministry of Finance) Addis Abeba – Officials and experts from the Ministry of Finance have initiated public …

The Tulu Kapi gold project is located 28 kilometers east of Ayra-Gulliso town in the West Wollega zone of the Oromia region (Photo: mining-technology.com) Addis Abeba – Kefi Gold & Copper PLC has initiated the construction of essential infrastructure at its 95%-owned Tulu Kapi gold project in western Ethiopia.  The company has initiated the construction of worker …

( Photo: Dassenech District Government Communication Affairs) Addis Abeba – Heavy rains have led to the overflow of the Omo River, causing widespread flooding and the displacement of 79,000 residents in the Dassenech Woreda of South Omo Zone, according to local authorities. Tadese Hate, the administrator of the Dassenech Woreda, reported that the river deviated …