Djibouti has rejected a London Court of International Arbitration ruling that has ordered the country restore the rights of DP World to administer Doraleh Container Terminal.

The court has ordered Djibouti to restore the rights and benefits under the 2006 concession agreement to DP World and Doraleh Container Terminal within two months, or pay damages.

Ethiopia has not withdrawn from Badme, the village that triggered the 1998 war with its neighbor, Eritrea, Human Rights Watch says. Despite the 2018 rapprochement between Eritrea and Ethiopia, the disputed border has not been demarcated, said HRW, in its latest report about the human right status Eritrea.

The Federal government in Ethiopia says owners of factories operating inside industrial parks should construct houses for their employees. Industrial Parks Development Corporation announced it is attempting to persuade factory owners construct houses for their workers inside industrial parks.

The illicit tobacco market share rises to 90Pct of overall consumption in eastern parts of Ethiopia, posing a significant threat on tax revenues and the safety and health of individuals, Customs Commission says. While calling for targeted action at a local level to reduce the impact of the illicit trade, the Commission said about 40Pct of the country’s tobacco trade is illicit.

Authorities in Ethiopia announced that the filling of Grand Ethiopian Renaissance dam on Nile will be finalized within a period of 4-7 years.

The National Electoral Board of Ethiopia proposed August 16, 2020 as Election Day. In a draft timetable released today, the Board disclosed that election results are going to be announced between August 17 and August 24, 2020.

The policy bank, Development Bank of Ethiopia, disclosed that it recovers four billion Birr loans from defaulters in the past five months. This is a big improvement for the Bank that was not able to collect more than ETB18 billion loans it provided to different investors until the end of last fiscal year.

Almost three-fourth of Ethiopians has an access to potable water, Ministry of Water, Irrigation and Energy says.

Despite the persistence of shortage of water both in urban and rural parts of Ethiopia, the Ministry, in its latest report, reported that the proportion of people having an access to clear water is improving.

Commercial Bank of Ethiopia inaugurates a new branch that provides full-fledged banking services in Djibouti. Launched by President of Djibouti, Ismaïl Omar Guelleh in the presence of CBE’s President, Bacha Gina, the new branch is expected to enable Ethiopian investors get all types of domestic and international banking services at ease.

The real Gross Domestic Product (GDP) of Ethiopia, a parameter employed to measure the size of an economy, has reached ETB1.8 trillion (USD60 billion), National Bank of Ethiopia (NBE) reveals. The Bank, in its latest report published last week, disclosed that Ethiopia’s economy has recorded a nine percent growth in 2018/19, faster than the 7.7Pct expansion in the previous financial year. An improvement in industrial output, coupled with the growth of the service sector, has largely contributed for the growth registered in the past fiscal year.