The Convention on the Recognition and Enforcement of Foreign Arbitral Awards, commonly referred to as the New York Convention (the NYC), is hailed to be one of the most successful conventions that the United Nations has drafted so far. Signed in New York in 1958, the Convention effectively brought more than 160 nations onboard into ratifying the convention and making it part of their law. With the responsibility of adopting the Convention into their legal framework still left to the states,...

Djibouti, Somalia don’t support Arab league resolution Ethiopian Foreign Minister Gedu Andargachew said this week that the US was obviously biased in the dam negotiations it facilitated and observed with Sudan and Egypt, last month, as it was clearly manifested in the statement the Treasury Department issued on February 28, 2020. In an exclusive interview with The Reporter, Gedu condemned the statement by the US Treasury Secretary Steven Mnuchin regarding the negotiations on the Grand...

At a time when the world is scrambling to find a cure, a vaccine or some sort of viable treatment for the Novel Coronavirus that is rocking the globe, the Ethiopian Ministry of Health (MoH) and the Ministry of Innovation and Technology (MoIT) have disclosed that they have an effective treatment in the pipeline that enhances natural immunity in the fight againt the virus. Although the details of the ingredients as well as the laboratory procedure and testing were not presented in detail, the...

We live in the time of Coronavirus; never before had the world faced such an unprecedented danger, from anything. This uniquely resilient and viral infection is conquering the world at an astonishing speed. How? It is going after the most human thing that one can think of - social life. Seen in the above picture, which was taken on Friday, March 27, 2020, Addis Ababans are seen going about their daily lives, as usual, paying no heed to the warning of government and global health leadership...

The National Bank of Ethiopia (NBE) issued a directive allowing businesses to engage in the electronic payment systems that would extend to various services. The directive dubbed: “Licensing and Authorization of Payment Instrument Issuers”, places a set of rules for businesses to engage in the electronic payment systems. According to the directive issued on April 1, 2020, the central bank said that businesses, termed as payment instrument issuers, may provide services such as cash in, cash...