Addis Standard
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An independent Ethiopia based online media focusing on current affairs. Original content+daily gist of media monitoring
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News: #Ethiopian Capital Market Authority grants first foreign investment banking license to #Nigerian firm United Capital

Addis Abeba – The Ethiopian Capital Market Authority (#ECMA) has granted the country's first foreign investment banking license to United Capital Financial Services PLC, a subsidiary of Nigeria-based #United_Capital Group.

In a statement, ECMA said the newly issued capital market services provider license authorizes the company to operate as an investment bank in Ethiopia. The Authority also approved the appointment of five board directors and licensed four designated representatives.

The license, issued on 05 June 2026, brings the total number of licensed capital market service providers in Ethiopia to 18, including seven investment banks, according to the Authority. ECMA said the development reflects the continued expansion and implementation of the country's capital market reforms.

Speaking during the licensing ,.....

https://x.com/addisstandard/status/2064257447473078779?s=20
#Iran warns of new ‘resistance security belt’ across #Hormuz, #Bab_al_Mandeb and #Red_Sea

Addis Abeba- Iran’s Quds Force commander Esmail Qaani has warned that a new “security belt” formed by Tehran-aligned forces will extend across some of the Middle East’s most strategically important maritime corridors, linking the Strait of Hormuz with the Bab al-Mandeb Strait and the Red Sea.

According to Iran’s state-run IRNA news agency, Qaani said on 8 June that the emerging network of allied groups would respond collectively to what he described as continued Israeli and U.S. military actions in the region.

“From the Strait of Hormuz to Bab al-Mandeb, from the Persian Gulf to the Red Sea, there will be a new security belt of resistance,” Qaani said, adding that “the attacks by Israel and the United States in the region will be met with a response from the united front of resistance, per IRNA.

https://www.facebook.com/AddisstandardEng/posts/pfbid0hpFoEfbpWNH67RUTdSQXQ3imjYcWzf2vjJ7v2A4FpdRfXYZAAE4TNzhxP6YXde5Yl
#Op_ed: From Hope to Hegemony: Unmasking structural deficits in #Ethiopia’s 2026 election
 
In this op-ed, Seife Tadelle Kidane argues that the optimism surrounding Ethiopia’s 2018 political transition has largely faded, as promises of democratic reform, institutional independence, and expanded civic freedoms remain unfulfilled. While acknowledging progress in urban development, he contends that “deeper structural problems have persisted or worsened.”
 
Seife notes that “the June 2026 election cannot be viewed as a competitive democratic exercise” but as a mechanism for preserving ruling-party dominance. He cites limited opposition participation, weakened institutions, shrinking civic space, and ongoing conflicts as factors undermining electoral credibility.
 
The author calls for “rigorous and uncompromising discourse” and “a real national conversation” to address Ethiopia’s deepening political and governance challenges.
 
https://addisstandard.com/?p=57506
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News: Draft #Tigray proclamation proposes compulsory mobilization, severe penalties for media activity deemed to undermine recruitment efforts

A draft proclamation reportedly prepared by the Legal Standing Committee of the region’s pre-war council, which has recently been reinstated by the #TPLF, is drawing scrutiny over provisions that would make military mobilization a legal obligation while imposing harsh penalties on individuals and media organizations accused of discouraging recruitment, criticizing mobilization efforts, or disseminating information deemed harmful to security interests.

The proposed legislation, which seeks to establish a legal framework for national mobilization and wartime administration, contains a series of provisions granting authorities extensive powers over civilian, institutional, and media activities during periods of mobilization.


https://addisstandard.com/?p=57516
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News: Rights group raises Alarm over data privacy, sovereignty risks in #US#Africa health pact including #Ethiopia

Addis Abeba – Human Rights Watch (#HRW) has raised concerns over provisions contained in a new bilateral health assistance agreement between Ethiopia and the #United_States, warning that conditions attached to aid could affect health rights, data privacy, and national control over biological resources.

In an assessment examining health agreements signed between the United States and seven African countries, including Ethiopia, HRW said the deals were negotiated under the U.S. government's “America First” Global Health Strategy following the dissolution of the U.S. Agency for International Development (#USAID) in early 2025.

It was previously reported that #Ghana, #Zambia, and #Zimbabwe rejected a proposed U.S. health cooperation deal over concerns related to data privacy and sovereignty.

https://addisstandard.com/?p=57518
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Western nations, global bodies back #Sudan civilian dialogue preparations

The United States, Western nations, and continental blocs on Monday backed consultations by the five-party mechanism aimed at launching a Sudanese dialogue in the coming weeks to prepare for a civilian government.

The joint statement of support was issued by the United States, the United Kingdom, Belgium, France, Germany, Greece, Italy, and Norway. It was also backed by the United Nations, the African Union, the European Union, the Intergovernmental Authority on Development (IGAD), and the Arab League.

The international partners welcomed the outcomes of the April Berlin Conference, including the “Berlin Principles for Sudan” and the “Joint Call to End the War and Advance a Sudanese-Owned Political Process.”

“We stand united in our belief that there can be no military solution to this crisis, and that a sustainable resolution must be rooted in an inclusive, civilian-led political process...
https://sudantribune.com/article/314854
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#Congo’s Ebola outbreak rises to over 100 deaths out of 550 cases as conflict slows response

More than 100 people have died from #Ebola less than a month after authorities declared an outbreak of the disease in eastern Congo, a grim toll as officials intensify efforts to slow the disease discovered weeks late.

Attacks on health workers from angry residents, skepticism among some locals and armed conflict in hot spots continue to challenge efforts to stop the Ebola outbreak declared on May 15, caused by a severe form of the disease.

Out of the 550 cases confirmed as of Sunday, there have been 101 deaths and 19 recoveries, the latest situation report said late Monday. The outbreak is concentrated in Congo’s eastern province of Ituri, which accounts for more than 90% of the cases. Cases have also been recorded in the North Kivu and South Kivu provinces, and has spread across the border to Uganda.

However,.....

https://apnews.com/article/congo-ebola-outbreak-bundibugyo-virus-392dced7e0da091699eeb980a4b54147
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#US-#Iran engage in new strikes after #Apache downing near #Hormuz

Addis Abeba – The United States and Iran exchanged fresh military strikes overnight, marking a renewed escalations between the two countries since a fragile ceasefire, following an incident involving a US Army Apache helicopter near the Strait of Hormuz.

Citing US military statements, Al Jazeera reported that Washington launched what it described as “self-defense” strikes against Iranian military infrastructure after President Donald Trump accused Iran of bringing down a US Apache helicopter that had been patrolling the strategic waterway.

Iran has disputed US claims surrounding the incident.

The helicopter went down near the Strait of Hormuz on June 9. Trump publicly blamed Iran and vowed a response, while US officials said the two crew members were rescued safely.

https://www.facebook.com/share/1EVwTUD5Rw/?mibextid=wwXIfr
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Analysis: ‘#Tsimdo’ and the battle over meaning between #Addis_Abeba, #Asmara, and #Mekelle

As relations between Addis Abeba and Asmara remain strained, implementation of the Pretoria Agreement continues to falter, and the prospect of renewed tensions between Mekelle and Addis Abeba persists, the struggle over the meaning of “Tsimdo” reflects a broader contest over how post-war realities in northern Ethiopia and the Horn of Africa are interpreted: as the emergence of new security threats, or as efforts to rebuild communities fractured by years of conflict.

https://addisstandard.com/?p=57513
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#Commentary: Rich Land, Poor People: The making of poverty in #Ethiopia, anatomy of underdevelopment in #Africa
 
In this commentary, Sidoc Haytu examines Ethiopia’s poverty and Africa’s broader underdevelopment through the lens of Guyanese historian Walter Rodney’s seminal 1972 work, How Europe Underdeveloped Africa. Drawing on Rodney’s analysis, he argues that the economic challenges facing Africa—and Ethiopia in particular—are rooted not only in internal deficiencies but also in a global economic system shaped by Western powers to extract wealth through slavery, colonialism, and, more recently, neoliberal economic policies.
 
He contends that #IMF and #World_Bank-backed reforms, including currency devaluation, privatisation, and market liberalisation, have reinforced economic dependency and debt.
 
Echoing Rodney’s central thesis, Sidoc concludes that “the underdevelopment of Africa is the product of the development of Europe."
 
https://addisstandard.com/?p=57530
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News: #Stanbic_Bank weighs greenfield entry into #Ethiopia, signaling alternative path around foreign ownership limits

Stanbic Bank, a subsidiary of South Africa-based #Standard_Bank Group, says it is prepared to launch operations in Ethiopia through a greenfield investment rather than acquiring an existing lender, becoming the first major African bank to openly consider a route that would allow full ownership under Ethiopia’s newly liberalized banking framework.

https://addisstandard.com/?p=57548
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#FAKE: These videos and the photograph of the June 2026 #Ethiopian election candidate #Mistirsilassie_Tamrat are not real

The original images were taken from an election debate video and from her personal #Facebook page.
These two videos and an image shared on Facebook, purportedly of the #Ethiopia’s June 2026 election candidate #Mistiresilassie Tamrat, are FAKE.

https://addisstandard.com/?p=57541
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News: #Sudanese military launches intensified drone campaign to reclaim key #Ethiopia-border town of #Kurmuk

The Sudanese Armed Forces (#SAF) have intensified drone strikes on the strategic border town of Kurmuk in Sudan’s #Blue_Nile State as part of an effort to regain control of the area from an alliance of the Rapid Support Forces (#RSF) and the Sudan People’s Liberation Movement-North (#SPLM-N), according to a report by Sudan Tribune.

Citing military sources, Sudan Tribune reported that the army carried out its second drone attack this week targeting defensive positions held by RSF and SPLM-N fighters in and around Kurmuk, a town near the Ethiopian border that has been under the control of the allied forces since March.

The developments come amid renewed diplomatic engagement over the conflict in Sudan. In a statement posted on his official X account, Massad Boulos, #US Senior Advisor for Arab and #African Affairs, said he held separate phone ......

Read more: https://addisstandard.com/?p=57553
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Feature: #Abbaa_Gadaa_Goobana, in pre-power transfer ceremonies, laments: ‘Though my #Gadaa period saw success, #Oromos’ lack of unity saddens me’

Having completed his eight-year term, Abbaa Gadaa Goobana Hoolaa arrived at Dhakaa Koraa, in Galan district, Shagar City, some 28 km south of Addis Abeba, to transfer the #Baallii, or the Gadaa whip (Alangee), to the incoming Gadaa class. Reflecting on his tenure, he told #Addis_Standard that while his leadership period witnessed numerous successes, the ongoing security crisis across Oromia remains a profound source of grief for him.

https://addisstandard.com/?p=57574
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News: Fed. Court orders #Ethiopian_Media_Authority to respond in #Addis_Standard case; hearing adjourned to 24 June

“Today, we appeared before the Lideta High Court’s Administrative Matters bench on 10 June, where the court formally accepted JAKENN’s suit for judicial review against EMA’s revocation of Addis Standard’s online media license, confirming it meets the legal requirements set forth by Administrative Procedure Proclamation No. 1183/2020,” JAKENN’s defense lawyers said in a written response to #Addis_Standard.

https://addisstandard.com/?p=57581
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#Somali soccer referee denied entry to #US for World Cup is welcomed home as a hero

A leading soccer referee from Somalia who was denied entry to the #United_States for the #World_Cup tournament was warmly received by a crowd of supporters and officials on Wednesday as he arrived home.

Omar Artan, who was named as #Africa’s best male referee in 2025., said he plans to be at the next World Cup and urged Somali youth to be proud of their country.

Artan was set to be the first referee from Somalia to officiate at a World Cup after making FIFA’s final list for the tournament.

He was denied entry to the U.S. at Miami International Airport on Saturday over unspecified “vetting concerns,” U.S. Customs and Border Protection said in a statement, without giving details of the concerns. FIFA subsequently cut him from the tournament’s referee list.

Artan was issued a visa to travel to the U.S. last week,......

https://apnews.com/article/world-cup-referee-somalia-fifa-trump-visa-a73dfeb3a960a3ffa858a419bdb8a8f1
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Two babies from #Congo orphanage die of #Ebola, highlighting risk to children

A devastating Ebola outbreak has claimed the lives of two infants at a church-run orphanage in eastern Congo, highlighting the severe challenges faced by vulnerable children in the Democratic Republic of Congo's Ituri province.

The tragedy began when baby #Buswaza, brought to the orphanage after her mother's death in late May, developed a fever and subsequently died from the deadly virus.

Following Buswaza's death, six other babies at the Bunia orphanage, home to 69 children, were identified as suspected Ebola cases. They were swiftly transferred to the Evangelical Medical Centre (#CME) for urgent care and isolation.

In a moment of relief, five of these infants later tested negative for Ebola and were discharged on Tuesday.

Medics in full protective suits returned the babies to.....

https://www.reuters.com/business/healthcare-pharmaceuticals/newborn-congo-orphanage-dies-ebola-highlighting-risks-faced-by-children-2026-06-10/
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#Iran announces closing #Strait_of_Hormuz after #US-#Iran strikes escalate over night; oil prices jump higher

Addis Abeba – Oil prices surged and fears of wider regional disruption intensified again after Iran announced the “full closure of the Strait of Hormuz” following a fresh round of US military strikes on Iranian targets, marking a an overnight escalation in tensions between Washington and Tehran.

The latest confrontation began after the United States carried out what the US Central Command (#CENTCOM) described as additional “self-defense strikes” against multiple targets in Iran, including military surveillance assets, communications systems, and air defense facilities. According to Reuters and Bloomberg, the strikes were ordered by US President Donald Trump following an earlier incident involving the downing of a US Apache helicopter near the Strait of Hormuz, which Washington attributed to Iran.

https://www.facebook.com/share/p/18vA9uwZ5c/?mibextid=wwXIfr
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