Subex instills hypersense for digital trust in Ethio Telecom | The journalist
Ethiopia’s flagship telecom operator, ethio telecom, commissioned Subex to protect it with Hypersense, a form of artificial intelligence (AI) that fights fraud by tracking the digital trust rating of each of its 50 million subscribers.
The Ethiopian telecom operator recently launched a pre-commercial 5G network and wants to maintain its market leadership by delivering high-quality and inventive offerings, it says.
Subex’s artificially intelligent hypersense attacks multiple sneaky devices such as SIM Boxes, Spoofs and SMS. They can spot fraudulent activity in roaming, subscriptions and handset usage. It can quickly assess mobile money and credit management risk and will provide revenue assurance and fraud management. It should also reduce telecom operating costs and reduce its carbon footprint, Roddam said.
Ethiopia’s creditors recommit to debt relief
A group of creditor nations recommitted on Wednesday to providing debt relief to cash-strapped Ethiopia in the face of glacial progress.
Ethiopia sought debt relief from its creditor governments in early 2021 under a new G20 framework for debt restructuring, but progress has been complicated by a 21-month civil war that has started in the northern Tigray region.
In a statement on Wednesday, the creditors’ committee said members discussed the latest macroeconomic developments at its last meeting on July 19.
“Ethiopia’s creditors’ committee will continue its work to find an appropriate solution to Ethiopia’s external debt vulnerabilities in a timely, orderly and coordinated manner,” the committee said.
Ethiopia’s finance ministry said in a statement that it appreciates the IMF’s engagement and has shared all relevant data on its debt stock and its long-term debt management strategy during four meetings with the creditors’ committee.
“The Ethiopian government thanks the Creditors’ Committee for its commitment and looks forward to a speedy conclusion of the debt treatment discussions,” he added.
The China-built Ethiopia-Djibouti Railway began shipping vehicles from ports in Djibouti to Addis Ababa, the Ethiopian capital, on Thursday.
The first shipment of vehicles has arrived at the Indode freight station on the outskirts of Addis Ababa. A special ceremony was held at the station to mark the arrival of the first shipment.
Abdi Zenebe, Chief Executive Officer (CEO) of Ethiopian-Djibouti Railway Share Company (EDR), welcomed the move, stressing that it will help achieve the major aspirations of the railway in terms of facilitating Ethiopia’s transport system.
The 752 km Ethiopia-Djibouti Standard Gauge Railway, also known as the Addis Ababa-Djibouti Railway, under contract with China Rail Engineering Corporation (CREC) and China Civil Engineering Construction Corporation (CCECC), is the first cross-border railway on the African continent. .
As the Ethiopia-Djibouti Electrified Railway significantly improves the freight market, EDR said the railway is enriching its services to realize the ambition of the two countries to build an industrial and economic belt boosting the economic and social development of the two countries.
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Ethiopian Airlines, a CHAMP customer for 30 years, has extended its partnership agreement with the cargo IT solutions provider for another five years.
Under the agreement, Ethiopian will continue to benefit from its use of the popular Cargospot suite of applications to manage the airline’s day-to-day sales and business activities and to support its handling operations at the Addis Ababa hub. Addis Ababa Cargo Terminal is the largest, most advanced and most automated cargo terminal in Africa.
In addition to the Cargospot suite, Ethiopian will continue to leverage other CHAMP solutions to manage its business, including ULD Manager – to control the airline’s ULD assets, Weight & Balance – to ensure safe and efficient load planning of the airline’s large and growing fleet. cargo plane.
By extending the relationship with CHAMP, Ethiopian Airlines will benefit from a range of new IT services and opportunities, including CHAMP’s end-to-end air mail solution and Cargo spot portal, to complement the excellent tracking application and localization of Ethiopian.
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Horn in brief
Somali authorities yesterday ended an attack by Islamic extremists that left 21 dead and more than 110 injured when gunmen stormed a hotel in the capital, Mogadishu.
It took more than 30 hours for Somali forces to contain the fighters who stormed the Hayat hotel on Friday night in an assault that began with loud explosions. The attack is the first major terror attack in Mogadishu since new Somali leader Hassan Sheikh Mohamud took power in May.
The siege ended around midnight, police commissioner Abdi Hassan Hijar told reporters. “During the attack, security forces rescued many civilians trapped in the hotel, including women and children.”
Health Minister Ali Haji Adam reported 21 dead and 117 injured, including at least 15 in critical condition. He noted that some victims may not have been taken to hospital.
The extremist Islamist group al-Shabab, which has links to al-Qaeda, claimed responsibility for the attack, the latest of its frequent attempts to hit locations visited by government officials.
First US envoy to Sudan in 25 years arrives in Khartoum
The first US ambassador to Sudan in nearly a quarter century has arrived in Khartoum to take up his post.
John Godfrey landed in the Sudanese capital on Wednesday, the local US Embassy said in a statement, marking the end of more than two decades of Washington DC underrepresentation in the East African country.
In 1993, the United States listed Sudan as an official sponsor of terrorism, accusing Khartoum of supporting al-Qaeda, whose founder Osama bin Laden lived on its soil from 1992 to 1996. In December 2019, Washington declared announced its intention to increase its diplomatic representation with Khartoum to the rank of ambassador.
In May 2020, Sudan appointed Nureldin Satti as its first ambassador to the United States in 23 years, with Washington removing Khartoum from the list of sponsors of terrorism in December of the same year.
His deployment could mean that Washington does not roll back its improved ties with Khartoum. It comes at a time when Sudan faces a transitional challenge, meant to ensure it regains civilian leadership and recovers its crippled economy and must convince armed groups to lay down their arms.
The expensive fuel has nearly tripled Kenya Airways’ losses in the first half of this year, exposing the risky side of the airline’s decision not to hedge jet fuel.
KQ said its pre-tax loss of 9.86 billion shillings for the first half would have been less than 3.32 billion shillings at last year’s fuel prices.
Highlighting the fuel cost factor, Allan Kilavuka, managing director of KQ, said: “Our loss for the half year would have been 3.3 billion shillings. This is probably comparable to our best year in 2018.”
In June alone, he added, KQ fuel prices were up 200% from a similar month last year. It is feared that the trend will continue in the coming months.
Fuel accounts for 20% of the airline’s costs and KQ said it had no fuel hedge position this year. The war in Ukraine, over the past six months, has caused a significant increase in fuel prices, having caught the carrier off guard.
The Bank of Uganda said it could be forced in the short term to tighten monetary policy further if inflationary pressures continue.
According to the Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, this is the only way to bring inflation back to the 5% target.
” Ahead, [we] consider that monetary policy will need to be tightened further if inflationary pressures persist to ensure that inflation returns to its medium-term target of 5%,” Atingi-Ego said in a statement over the weekend.
The Bank of Uganda also noted over the weekend that it had raised the central bank rate to nine percent.
This is the third month that the Bank of Uganda has raised the central bank interest rate as the economy continues to face strong inflationary pressures from the external environment, dry weather conditions and exchange rate depreciations in a context of weak domestic demand.
Headline inflation, which measures the cost of living charges, rose to 7.9% in July from 6.8% in June.