After decades of enforcement, the Council of Ministers (CoM) has endorsed a new draft bill to amend the Commercial Code of Ethiopia which proposes some sections of the Code to be governed under a separate legislation.
The COVID-19 pandemic has affected various tasks and activities across the globe, with Ethiopia being forced to postpone the general election, which initially was planned to be conducted in August 29, 2020. Apart from postponing the election, some constitutional issues have surfaced forcing Prime Minister Abiy Ahmed (PhD) and Opposition Political Parties into discussions, in an effort to find solutions to the existing deadlock.
The renowned business and entrepreneur, Ermias Amelga, was released from prison yesterday, days after the government announced that charges against 63 defendants were going to be dropped for sake of peace and reconciliation.
Inaugurating the delayed Genale Dawa (GD-III) hydroelectric power project on Tuesday Prime Minister Abiy Ahmed (PhD) made an appeal to local investors to build the next phase of the hydroelectric project GD-6, in the same river basin that requires an estimated financial outlay of USD one billion.
With a successful re-election under wraps, Canadian Prime Minister Justin Trudeau is set to visit Addis Ababa. This would be a belated visit having been paused when the Prime Minister became embroiled in a political crisis at home that ultimately reduced his majority status to that of a minority.
In what seems to be a big upset to Prime Minister Abiy Ahmed and his administration, his closest ally and friend, Lemma Megerssa, who is currently the Minister of Defense and deputy chairman of the Oromo Democratic Party (ODP), has openly expressed his difference with the PM’s ‘philosophy’ known as medemer or synergy as well as the “hurried” steps taken to merge the incumbent EPRDF and its affiliate parties into a single unified party—Prosperity Party.
The ruling Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF), a coalition of four parties,announced its long-debated merge into a single party this week —dubbed Ethiopian Prosperity Party— ina process that is marred by controversy involving the founder of the front; Tigray People’s Liberation Front (TPLF), which finally decided to boycott the merger meeting claiming the illegality of the process.
The Norwegian Nobel Committee has given the 2019 Nobel Peace Prize to Ethiopian Prime Minister, Abiy Ahmed (PhD). The historic win places the 43-year old among 99 candidates who won one of the most prestigious honors since it was founded in 1901.
Unity Park, built at a cost of five-billion-birr grant from various sources and initiated by Prime Minister Abiy Ahmed (PhD, Nobel Laureate), was inaugurated and opened for visitors as of October 10, 2019.
Prime Minister Abiy Ahmed (PhD) has approved the appointments of three new vice governors for the National Bank of Ethiopia (NBE), Ethiopia’s central banking institution. However, the top picks for the positions has been met with mixed reaction from finance and economic experts.