Ethiopia Sip One Billion Dollar from Coffee Export

Ethiopia Sip One Billion Dollar from Coffee Export Oumer Hussein, Ethiopia’s Minister of Agriculture, said in a congratulatory tweet that Ethiopian coffee exports had reached a new high of $1 billion in income. The export of around 300,000 tonnes of coffee to the global market contributed to the record-breaking revenue. Once again, China is Ethiopia’s top customer. In 2021, China’s imports of Ethiopian coffee increased by 196 percent over the previous fiscal year. Tags ethiopia coffee export

The Bank of Abyssinia Future Head Quarters Construction Project has been formally initiated

The Bank of Abyssinia Future Head Quarters Construction Project has been formally initiated The Bank of Abyssinia Future Head Quarters Construction Project has been formally initiated by an International Competitive bid floated in December 2020 and awarded to China State Construction Engineering Company after in-depth negotiation on the contract terms. Today’s signing sets a significant milestone in the history of the Bank of Abyssinia. Bank of Abyssinia, which is named after the pioneer bank of the land, is one of the few private banks, established in 1996. The name Abyssinia, which is also the name of ancient Ethiopia, reminds us of Ethiopia’s age-old civilization and cultural heritage. Our bank has chosen to be associated with this name, thus, reaping wider acceptance by the public. Bank of Abyssinia stands second-largest bank among the 20 private banks operating in the Ethiopian Banking Industry in parameters of Assets, Deposits, and Profitability. The bank is stepping up to reach its vision of becoming the leading commercial bank in East Africa; with enablers like the growth of the Ethiopian economy, untapped market potentials for financial services, and the latest positive trend in new innovations and digital transformation. The bank also leverages the value discipline of “Operational Excellence” bringing about efficiency and effectiveness in reaching out to the mass market. Operating in the banking business for 26 successful years, Bank of Abyssinia owns a total asset of USD 2.7 billion and an average yearly profit of USD 100 million. Bank of Abyssinia has more than 700 branches all over the country and avails 24/7 services through digital channels and Self-Service branches. China State Construction and Engineering Corporation builds skyscrapers all over the world successfully handling more than six thousand projects in the international market and expanding its construction services in different countries. China State Construction and Engineering Corporation is also well remembered for constructing the African Union Conference center, NOC Headquarters, and the new Head Quarters of the Commercial Bank of Ethiopia in Addis Ababa. Bank of Abyssinia Future Headquarters buildings project is like a vertical city that fully meets the demands of all functions and gives visitors an extraordinary experience. The tower building will be standing the tallest building in East Africa with a height of 270 meters above ground residing on a plot of 9700 meters square of land near Mexico square. The total built-up area of the Bank of Abyssinia headquarter complex is 174 thousand meter square. The main tower comprises a total of 60 floors (56 floors above ground and four floors underground). The underground functions mainly include a mechanical parking area, vault and equipment rooms, and vehicle lobby area. The sky garden is at the top of the tower building. The top of the tower building is also catering to the bank’s logo with a hollow glass curtain wall of diamond structure. The building complex mainly includes an office, a podium which has nine floors above ground, lobby area, mall, cinema, and lecture hall. The building complex has also another block of 20 stories building above ground and two stories underground. Bank of Abyssinia headquarters building will become a landmark in Ethiopia, a new gathering and a focal point in Addis Ababa, and the most eye-catching night scene in the capital city. Today, we have concluded a historic contract on a historic project. The landmark, Bank of Abyssinia headquarter project will infuse additional vitality into Addis Ababa and bring tangible benefits to the bank stakeholders. It is our conviction, that with expertise and experience of China state Construction Engineering Company and unreserved support of Bank of Abyssinia management and project team, the Bank of Abyssinia headquarters will be built according to the contract and schedule.

Ethiopia’s Addis Alemayehou Named in 100 Global Tech’s Changemakers List

Ethiopia’s Addis Alemayehou Named in 100 Global Tech’s Changemakers List Ethiopia’s serial entrepreneur and investor Addis Alemayehou was recognized in the Rest of World (RoW)’s 100 Global Tech’s Changemakers’ list for his contribution to the tech sector amid challenges. Earlier this year, RoW set out to find 100 of the most influential, innovative, and trailblazing personalities in fintech, e-commerce, policy, digital infrastructure, and a range of other sectors that intersects with and influence technology for its inaugural RoW100: Global Tech’s Changemakers. Mr. Addis, the Chairman of Kazana Group, a holding company that currently holds a portfolio of more than 16 companies operating in a diverse array of industries and sectors, notably in marketing, communications, advertisement, fintech, telecom, manufacturing, logistics, technologies, investment management & advisory, and many more was recognized by Rest of World (RoW) among 100 individuals for his outsized contribution to a range of sectors while facing logistical, financial, and other challenges for more than an decade.

Things You Should Know About 5G

Things You Should Know About 5G 5G is the 5th generation mobile network. It is a new global wireless standard after 4G networks. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices. 5G wireless technology is meant to deliver higher multi-Gbps peak data speeds, ultra-low latency, more reliability, massive network capacity, increased availability, and agility. These have the potential to deliver new user experiences and connects new industries. 5G vs. 4G The high reliability and ultra-fast speed of 5G networks enhance the current capabilities of 4G networks, which themselves built on 3G’s application and data technology. However, there are significant differences between 5G and 4G, including: 5G technology capabilities: 5G technology offers a massive step forward in terms of mobile technology capabilities. Current 4G Long-Term Evolution (LTE) technology can only use lower frequency bands, which operate up to 6 GHz. However, 5G’s radio bands are able to handle between 30 GHz and 300 GHz. This high frequency enables 5G to offer significant speed increases, support huge data transfers, and free up bandwidth. Significant speed: The key difference between 5G vs. 4G is the significant additional speed that 5G networks offer. 4G networks have a peak speed of around 1 GB per second, while 5G can offer 20x that level. That means much faster mobile downloads without having to connect to Wi-Fi. Greater capacity: 4G networks struggle to handle multiple devices connecting in the same location, such as at busy concerts or sports events. 5G solves this problem by providing high-precision transmissions to each individual device, which allows it to handle up to 1 million devices in a square kilometer. That precision is crucial as mobile device usage continues to increase exponentially. Innovative mobile traffic usage: 4G networks’ radio waves can carry limited amounts of information, which is problematic because Ericsson’s Mobility Report shows data traffic growing by 60% every year. 5G enables more people to use networks. It meets the demand for increased usage of social media, online gaming, and video streaming. It also enables crucial data-intensive use cases in the healthcare and industrial sectors, such as ambulance teams streaming an incident response directly to a hospital. More than a mobile network: The processing power of 5G takes it far beyond current network capabilities. It can become a distributed data center that performs processing tasks and brings edge computing closer to users. This allows the network to handle processing-intense tasks, such as games and augmented reality filters, instead of users’ phones, which improves performance and saves phone batteries. This could result in new innovations such as lightweight AR glasses and fleets of delivery drones. How Does 5G Work? Explaining 5G relies on understanding the following core components of the technology: 5G New Radio (NR) which defines the air interface upon which user, machines, and devices connect and send and receive data. 5G NR includes several low and mid-frequency bands in the sub-7 GHz range, defined as FR1, as well as higher frequency bands above 24 GHz, defined as FR2/mmWave. 5G frequency includes all previous cellular spectrum and additional spectrum in the sub-7 GHz frequency range and beyond. A key reason that additional spectrum is being made available is to overcome the physical limitations associated with throughput and bandwidth 5G Next Generation Core (5G NGC) is the “brain” of the 5G network, providing control and management for the network, its services, and the connected devices. The new 5G core, as defined by 3GPP, utilizes cloud-aligned, service-based architecture (SBA) that spans across all 5G functions and interactions, including authentication, security, session management and aggregation of traffic from end devices. The 5G core further emphasizes Network Function Virtualization (NFV) as an integral design concept with virtualized software functions capable of being deployed in an agile and distributed manner Multi-access Edge Computing (MEC) is one of the key pillars for meeting the demanding KPIs of 5G, especially as far as low latency and bandwidth efficiency are concerned.  MEC is also expected to play an essential role in the transformation of mobile networks into versatile service platforms for industry and other specific customer segments. IP Multimedia Subsystem (IMS) delivers IP based multimedia services, IMS offers access to IP based services independent of the access network. 5G delivers the following main enhanced and new capabilities: Enhanced Mobile Broadband Communications (eMBB) that delivers up to Gbps speeds. Massive Machine to Machine Communications (mMMC) that supports high density (up to 1 million devices per square kilometer) and unique IoT requirements. Ultra-high Reliability and Low Latency Communications (uRLLC) enables the high reliability and very low latency that are critical for many industrial use cases. Network Slicing allows the delivery of isolated and customized “network slices” to meet specific traffic requirements and use cases. These may include KPIs such as QoS, capacity, latency, and security. 5G is the most secure commercial mobile generation and wireless technology, with enhanced authentication, encryption, and overall integrity. 5G is a critical enabler for enterprises’ real objectives, which is the deployment and enablement of a great number of use cases that bring value and innovation in products, services, operations, safety, and agility. These may include such things as closed-loop process automation, real-time logistic management, augmented reality, predictive maintenance, and more. Delivery of such use cases requires the creation, deployment, and management of an interconnected 5G industrial ecosystem, including all related OT/IIoT devices and vendors, industrial applications and tools—both on-site and on public/partner clouds, and the 5G network itself. Therefore, the 5G native security capabilities are only part of the story. The 5G ecosystem that interlocks enterprises, providers, and the partners serving their unique business interests creates a distributed attack surface that 5G on its own is unable to defend. The rise of the sophisticated attacks—ranging from Advanced Swarm-Attacks that will leverage 5G-enabled devices to overwhelm defenses, to increasingly sophisticated IoT/IIoT and API-based attacks that can leverage AI to speed delivery and outwit traditional and isolated security systems—warrants a defense-in-depth approach to security. One that builds on the foundation of native 5G security with additional security layers to protect the entire 5G ecosystem end-to-end to deliver business-critical enterprise use cases Why is 5G so important? 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices. How does 5G work? 5G is composed from the following main components: 5G New Radio (NR), 5G Next-Generation Core (5G NGC), Multi-access Edge Computing (MEC), and IP Multimedia Subsystem (IMS).

Dr. Rediet Abebe becomes a member of the 2022 class of Andrew Carnegie Fellows and receives $200,000

Dr. Rediet Abebe becomes a member of the 2022 class of Andrew Carnegie Fellows and receives $200,000 Dr. Rediet Abebe becomes a member of the 2022 class of Andrew Carnegie Fellows and receives $200,000. She is one of the 28 scholars, journalists, and authors selected for the fellowship who received funding to support their work ranging from climate change to political polarization. Dr. Rediet is the first black female Computer Scientist in the Harvard Society of Fellows history. She is the co-founder of Black in Al Workshop, a technology research organization aiming to create an inclusive environment supporting black people in artificial intelligence. Dr. Rediet will partner with Rebecca Wexler, working at Berkeley School of Law, to lead a team to audit forensic software widely used in criminal cases. New York, NY, April 26 — To help address important and enduring issues confronting our society, Carnegie Corporation of New York today announces the 2022 Class of Andrew Carnegie Fellows. The program recognizes 28 exceptional scholars, journalists, and authors with $200,000 stipends, making it possible for the fellows to devote their time to significant research and writing in the social sciences and humanities. This year’s commitment totals $5.6 million in philanthropic support. The Andrew Carnegie Fellows Program, founded in 2015, involves a competitive nomination and selection process. It is the most generous stipend of its kind, and to date, the program has named 244 fellows, representing a philanthropic investment of $48.8 million. This year’s research proposals focus on U.S. democracy, the environment, polarization and inequality, technological and cultural evolution, and international relations, among other subjects. Selection criteria prioritize the originality and promise of the research, its potential impact on the field, and the scholar’s plans for communicating the findings to a broad audience. “In recent years, as we have looked to respond to our world’s most complex problems, the Carnegie Fellows have provided important contributions through their exceptional research, pursuit of knowledge, and creative approaches,” said John J. DeGioia, chair of the Andrew Carnegie Fellows Program jury and president of Georgetown University. “Our panel of jurors were gratified and inspired by the caliber of the research proposals. We believe that this year’s fellows show extraordinary potential for lasting impact.” Among the winning research topics: Criminal justice: analyzing software tools used by the criminal legal system to gather forensic evidence and creating a platform to assist public defenders in determining admissibility of findings. Climate change and wildfires: creating a public database of property damage caused by wildfires to assess the impact, identify loss-prevention policies, and develop methods for recovery and adaption. Environment: producing multimedia artwork and performances based on the lives of Indigenous people in the Arctic to show the impact of humans on the environment and the urgency of climate change. Global markets and China: developing data collection and analysis for real-time estimates of China’s international financial role and its impact on the country’s relationship with the U.S. and the dollar. Infant mortality: tracing the history of Black infant mortality from the 19th century to the present to understand the high death rates, health inequality, and debates over which deaths deserve attention. Political polarization: analyzing how local newsrooms can earn trust and help reduce polarization; looking at ways to engage conservatives on climate change; and analyzing how housing segregation contributes to polarization. Public safety and policing: improving the way first responders work with communities to design equitable and effective public safety policies; developing policy solutions to racial disparities in police killings. U.S. defense industry: reviewing the business and politics of the modern defense sector from 1950 to the present to understand declining public oversight and growing privatization and globalization. Other topics include a history of food security in Africa; a study of a public university built on the site of a former slave plantation in the American South; efforts by Indigenous groups to remove dams and/or restore rivers; a review of humanity’s impact on the rest of life on Earth; and oral histories conducted in communities affected by climate change. “The winning proposals represent a wealth of knowledge and expertise, reinforcing our conviction that the humanities and social sciences are essential tools in helping to foster a deeper understanding of the world around us,” said Louise Richardson, vice-chancellor of the University of Oxford, president-elect of Carnegie Corporation of New York, and a member of the jury panel. “We were especially impressed with the breadth of approaches to issues such as climate change, political polarization, migrant populations, and racism, as well as the variety of research locations and historical timeframes, including a project based in the Arctic and one that starts with the origins of humankind. The Andrew Carnegie Fellows are setting a scholarly standard for excellence, and we are delighted to support their endeavors.” This year’s panel of 13 jurors includes the addition of Martha Minow, the 300th Anniversary University Professor at Harvard Law School. Two jurors, both with the program since its start seven years ago, have accepted new positions and have stepped down from the jury: Amy Gutman, president emerita of the University of Pennsylvania, has been named U.S. ambassador to Germany; and Robbert Dijkgraaf, past director and Leon Levy Professor of the Institute for Advanced Study, has been sworn in as minister of education, culture, and science of the Netherlands. The 2022 class of 28 fellows, representing 15 men and 13 women, was selected from nearly 300 nominations. The nationwide program includes emerging (13) and established scholars (13), public institutions of higher education (18) and private colleges or universities (7), think tanks (2), and the media (1). As part of the nomination process, more than 600 individuals — including heads of independent research institutes, societies, and think tanks; university presidents; directors of major university presses; and editors of leading newspapers and magazines — were invited to recommend up to two individuals for consideration. All proposals undergo a preliminary, anonymous evaluation by leading authorities in the relevant fields. The top proposals are then forwarded to the jury for a final review and selection. The Andrew Carnegie Fellows Program is a continuation of the mission of Carnegie Corporation of New York, as founded by Andrew Carnegie in 1911, to promote the advancement and diffusion of knowledge and understanding. The award is for a period of up to two years, and while the anticipated result is generally a book or major study, the Class of 2022 will also result in an art installation, software applications, and digital platforms. Read more about the Class of 2022, the Andrew Carnegie Fellows Program, the work of past honorees, the criteria for proposals, and a historical timeline of scholarly research supported by the Corporation. Celebrate the Class of 2022 with our social media and press kit, and join the conversation online at #CarnegieFellows and via Twitter, Instagram, Facebook and LinkedIn. Class of 2022 Rediet Abebe University of California, BerkeleyKeisha N. Blain University of PittsburghAura Bogado The Center for Investigative ReportingJudson Boomhower University of California, San DiegoSarah Cameron University of Maryland, College ParkJoshua P. DarrLouisiana State UniversityKyle Harper University of Oklahoma–Norman CampusJustene Hill Edwards University of VirginiaTamara G. J. Leech Montclair State UniversitySarah Elizabeth Lewis Harvard UniversityBeili Liu The University of Texas at AustinAmanda Logan Northwestern UniversityMatteo MaggioriStanford Graduate School of BusinessMichael Méndez University of California, IrvineBeth Rose Middleton Manning University of California, DavisWangui Muigai Brandeis UniversityGeorge Derek Musgrove University of Maryland, Baltimore CountyVann R. Newkirk II New AmericaJonathan Corpus Ong University of Massachusetts AmherstPatrick Phillips Stanford UniversityRashawn Ray The Brookings InstitutionAndrew Sluyter Louisiana State UniversityJohannes Stroebel New York University Stern School of BusinessDaniel Treisman University of California, Los AngelesJessica Trounstine University of California, MercedMichael Vandenbergh Vanderbilt Law SchoolMonica M. White University of Wisconsin–MadisonMark Wilson University of North Carolina at Charlotte Andrew Carnegie Fellows Program Jurors Chair: John J. DeGioiaPresident, Georgetown UniversityJoseph E. Aoun President, Northeastern UniversityJared L. Cohon President Emeritus and University Professor of Engineering, Carnegie Mellon UniversityJonathan F. Fanton President Emeritus, American Academy of Arts and SciencesRush D. Holt CEO Emeritus, American Association for the Advancement of ScienceAlberto Ibargüen President and CEO, John S. and James L. Knight FoundationIra Katznelson Ruggles Professor of Political Science and History, Columbia UniversityArthur Levine President Emeritus, The Woodrow Wilson National Fellowship FoundationEarl Lewis Founding Director, Center for Social Solutions, University of Michigan; Former President, The Andrew W. Mellon FoundationMarcia McNuttPresident, National Academy of SciencesMartha Minow 300th Anniversary University Professor, Harvard UniversityLouise Richardson Vice-Chancellor, University of Oxford; President-Elect, Carnegie Corporation of New YorkPauline Yu President Emerita, American Council of Learned Societies About Carnegie Corporation of New YorkCarnegie Corporation of New York was established by Andrew Carnegie in 1911 to promote the advancement and diffusion of knowledge and understanding. In keeping with this mandate, the Corporation’s work focuses on the issues that Carnegie considered of paramount importance: education, international peace, and a strong democracy. @CarnegieCorp

Ride Meter Taxi Announced Price Adjustment

Ride Meter Taxi Announced Price Adjustment Ethiopia’s leading car hail system made a price adjustment hours after the fuel price increase. The company made the statement through its official telegram channel & the statement reads as follows “Dear Ride Family – Considering the current fuel increase and general inflation, we would like to inform you that we will increase the starting price of all our service sectors from 75 Birr to 95 Birr starting next Monday, May 9th. We invite you to join our many new services (such as Shipping, RIDE Plus, Ethiotelecom Sim) to expand your business and increase your revenue.”

This Month Fuel Price Surges

This Month Fuel Price Surges There has been an increase in the selling price of petroleum products The retail price of the products has increased following the sharp rise in international oil prices over the past four months. The Ministry of Trade and Regional Co-operation said in a statement to Fana Broadcasting Corporation that it will adjust the price of oil starting tomorrow, April 30. Gasoline rose to $ 1028 per metric and $ 1,388 per metric tonne, up from $ 870 per barrel in December and $ 730 per liter in diesel, the ministry said in a statement. The Ministry stated that the government has decided to sell Benzini for 31 birr per liter and 74 birr per liter for 98 cents per liter without any increase for four months, taking into account the living conditions of the community. However, the decision would reduce the 10 billion birr deficit that should have been transferred to the consumer on a monthly basis and put a lot of pressure on the government. The price of a liter of diesel in Addis Ababa and the price of a liter of petrol would be 66 birr and 78 cents. However, given the current situation in the country, the government has borne 85 percent of the world market pressure and decided to transfer the remaining 15 percent to consumers. Accordingly, retail gasoline in Addis Ababa from 36 birr to 87 cents per liter, 35 birr to 43 cents per liter, kerosene to 35 birr to 43 cents per liter, light black diesel to 52 birr per liter, and heavy black diesel to 51 birr per liter Coins and jet fuel are set at 78 birr per liter and 87 cents per liter. However, the ministry said it will take legal and administrative action against illegal entities that create artificial shortages in goods and services and increase prices on goods and services.

Ethiopia aims to increase electricity export revenue to 400 mln USD in ten years

Ethiopia aims to increase electricity export revenue to 400 mln USD in ten years ADDIS ABABA, May 6 (Xinhua) — The Ethiopian government has announced its plan to increase the country’s export revenue from electric power to 400 million U.S. dollars within the coming ten years. In a statement, the Ethiopian Electric Power Corporate Planning Executive Officer, Andualem Sia, said that the East African country is working to boost electric power export from the already functional and under-construction power plants to its neighboring east African countries, state-run Ethiopian News Agency reported. Ethiopia is presently generating about 50 million U.S. dollars annually from electric power export to its neighbors including Sudan and Djibouti. Ethiopia’s energy exports are part of a broader plan to economically integrate the East African region through electricity. The energy sector is one of the country’s priorities as it envisages becoming a light manufacturing hub in Africa and a middle-income economy by 2025. Ethiopia has identified hydro, wind, geothermal, solar, and biomass for energy generation projects. Enditem Tags GERD Dam

Ethio Telecom to launch fifth generation mobile network (5G) on Monday

Ethio Telecom to launch fifth generation mobile network (5G) on Monday Ethio Telecom has announced that it will launch the world’s fifth generation mobile network (5G) service. He said that he has completed the necessary preparations for this. The company said in a letter to Fana Broadcasting Corporation that it will launch the world’s fifth-generation mobile network (5G) service on Monday, May 9, 2022 at the Sheraton Addis Hotel. The fifth generation mobile network will be launched worldwide in 2019. By 2025, the number of users of this technology is expected to reach 1.7 billion. 1 COMMENT Comments are closed.