Bank of Africa s’associe à dltledgers afin d’accompagner la digitalisation des opérations de commerce international au travers de la Blockchain.

SINGAPOUR and CASABLANCA19 décembre 2022 /PRNewswire/ — BANK OF AFRICA franchit une nouvelle étape dans l’accompagnement de ses clients dans la digitalisation des flux commerciaux internationaux à l’aide de la technologie blockchain de #dltledgers. La technologie est un facteur différenciateur dans l’environnement concurrentiel actuel, autant pour les entreprises que pour les banques. #dltledgers permettra à BANK OF AFRICA d’offrir à ses clients un nouveau canal digital pour le traitement des opérations de Trade Finance. Ce partenariat stratégique permettra au groupe bancaire de faciliter les échanges internationaux, d’améliorer la visibilité des flux sous-jacents et d’améliorer l’expérience client. En effet, la création de réseaux privés et sécurisés sur la blockchain permettra une collaboration et une confiance plus étroites entre la banque et ses clients. BANK OF AFRICA s’engage résolument à offrir une expérience client de pointe et à digitaliser les échanges documentaires des opérations de commerce international en utilisant la technologie blockchain de #dltledger ; la banque ouvre ainsi cette nouvelle voix en Afrique.

À propos de BANK OF AFRICA

Fondée en 1959, BANK OF AFRICA est un groupe panafricain de services financiers de premier plan. Capitalisant sur son appartenance au groupe O Capital, leader régional impliqué dans divers secteurs d’activité à fort potentiel de croissance, BANK OF AFRICA est une banque universelle dont les activités sont très diversifiées : banque de détail, commerciale, d’investissement et services financiers spécialisés tels que le leasing, l’affacturage, le crédit à la consommation et le recouvrement de créances. Présent dans 32 pays dont 21 en Afrique, le groupe se développe à travers une stratégie continentale tout en conservant une vocation internationale puisqu’il est bien positionné en Afrique, en Europe, en Asie et en Amérique du Nord.

À propos des dltledgers

dltledgers est une société technologique internationale dont le Siège social est basée à Singapour. Nous sommes une plate-forme centrée sur le client pour l’exécution des transactions transfrontalières. Plusieurs banques régionales et mondiales se sont inscrites et opèrent en tant que partenaires du réseau en offrant des services de financement du commerce sur la plateforme. Outre l’affectation de contrepartie dans la blockchain, nous mettons en réseau l’expédition, la logistique, les ports et d’autres partenaires de réseau dans un réseau commercial de confiance pour nos clients. Avec la digitalisation et la blockchain, le commerce transfrontalier se transforme comme jamais auparavant. La plateforme de blockchain #dltledgers est en tête du peloton avec plus de 4 milliards USD d’échanges exécutés dans le monde.”

A Graphenea lança a subsidiária de produtos químicos especiais KIVORO

Quality Control

Analysis of a specialty chemical

SAN SEBASTIAN, Espanha, Dec. 18, 2022 (GLOBE NEWSWIRE) — A Graphenea S.A., líder mundial na produção de grafeno, lançou uma empresa subsidiária. A KIVORO é uma empresa química especializada, focada na criação de soluções para desafios industriais.

Vamos mais rápido! O slogan da KIVORO refere-se à agilidade e rapidez na colaboração com a empresa e, em conjunto com sua abordagem “keep-it-simple”, eles estão dando nova vida ao setor de produtos químicos especializados. Jeremey Shipp, Diretor de Vendas da KIVORO salienta: “Estamos trabalhando em desafios industriais complicados, mas não temos dificuldades para lidar com eles. Entendemos que nossos clientes estão em busca de soluções, não de problemas, e somos uma organização direta e ágil”.

Quality Control

Conducting quality control analysis

A KIVORO vai além do grafeno, comenta o CEO Jesús de la Fuente: “A KIVORO foi criada para podermos comercializar nossas soluções industriais atuais e irmos além do grafeno”. Naturalmente manteremos nossa experiência líder em carbono e nanomateriais, mas estamos firmemente focados no desenvolvimento das especialidades químicas corretas para os desafios industriais de nossos clientes, a fim de trazer eficiências operacionais e reduzir as emissões”.

Specialty Chemical Production

Head of Production, Xabier Ulacia overseeing production

A KIVORO trabalha com muitas indústrias de construção, revestimentos, filtragem, compósitos e outras. Eles desenvolveram vários aditivos de alto desempenho que vão desde seu aditivo para cimento até o armazenamento de energia, compósitos, adesivos, látex de borracha, revestimentos e muito mais. Uma das realizações de que eles mais se orgulham é seu status de emissões líquidas zero, comentou o CEO Jesús de la Fuente: “Somos implacáveis em nossa busca de melhorias para alcançar grandes resultados com um impacto positivo no desempenho e no planeta. Todos os nossos produtos são neutros em carbono e, na maioria dos casos, nossos produtos permitem que nossos clientes melhorem sua pegada de carbono e economizem dinheiro”.

Kivoro Plant

Specialty chemical production plant

Sobre a Graphenea
A Graphenea é uma empresa de tecnologia criada em 2010 especializada na produção de grafeno, tem clientes em mais de 60 países e escritórios em San Sebastián (Espanha) e Boston (EUA). A Graphenea auxilia seus clientes produzindo novas formas de grafeno, desde transistores de efeito de campo de grafeno até óxidos de grafeno, e mantendo sua liderança no setor de produção de grafeno em expansão.

Sobre a KIVORO
A KIVORO é uma subsidiária da Graphenea e é o resultado de muitos anos de trabalho no setor de aditivos e nanotecnologia, onde eles acumularam um extenso know-how e conhecimento intersetorial na área de produtos químicos especializados. A KIVORO foi criada para melhorar e agregar valor aos produtos dos clientes, projetando o melhor aditivo químico para sua aplicação.

Entre em contato
info@kivoro.com
www.kivoro.com

Kivoro Plant

Specialty chemical production plant

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Graphenea lance KIVORO, sa compagnie dérivée spécialisée dans les produits chimiques

Quality Control

Analysis of a specialty chemical

SAINT-SÉBASTIEN, Espagne, 18 déc. 2022 (GLOBE NEWSWIRE) — Graphenea S.A., un des leaders dans la production mondiale de graphène, vient de lancer une entreprise dérivée. KIVORO est une société spécialisée dans les produits chimiques qui se concentre sur la création de solutions pour les défis de niveau industriel.

Let’s go faster! (Avançons plus vite !) Le slogan de KIVORO fait référence à la flexibilité et à la rapidité des collaborations que propose l’entreprise. Avec son slogan et son approche « de simplicité », KIVORO donne un nouveau souffle au secteur des produits chimiques spécialisés. Jeremey Shipp, directeur commercial chez KIVORO, mentionne : « Nous travaillons sur des défis industriels complexes, mais nous ne sommes pas un partenaire compliqué. Nous comprenons que nos clients sont à la recherche de solutions, pas de problèmes, et nous sommes une organisation directe et flexible. »

Quality Control

Conducting quality control analysis

KIVORO ne se confine pas au graphène, commente Jesús de la Fuente, PDG : « KIVORO a été conçue pour nous permettre de commercialiser nos solutions industrielles actuelles et de proposer plus que du graphène. Nous maintiendrons naturellement notre expertise de premier plan dans le domaine du carbone et des nanomatériaux, mais nous nous concentrons résolument sur le développement de produits chimiques spécialisés adaptés aux défis industriels de nos clients permettant d’obtenir des gains d’efficacité opérationnelle et de réduire les émissions. »

KIVORO travaille avec de nombreuses industries telles que la construction, les revêtements, la filtration, les composites, et bien d’autres encore. La compagnie a développé plusieurs additifs de haute performance, de leur exhausteur de ciment au stockage d’énergie, en passant par les composites, les adhésifs, les latex de caoutchouc, ou encore les revêtements, et plus encore. L’une des réussites de la compagnie dont KIVORO est la plus fière est son statut net zéro, et Jesús de la Fuente, PDG, a commenté « Nous sommes infatigables dans notre quête d’améliorations permettant d’obtenir d’excellents résultats présentant un impact positif sur les performances et la planète. Tous nos produits sont neutres en carbone. Dans la plupart des cas, nos produits permettent même à nos clients d’améliorer leur empreinte carbone tout en économisant de l’argent. »

Specialty Chemical Production

Head of Production, Xabier Ulacia overseeing production

À propos de Graphenea
Graphenea est une entreprise de technologie créée en 2010 et spécialisée dans la production de graphène. La compagnie compte des clients dans plus de 60 pays et a des bureaux à San Sebastián (Espagne) et Boston (États-Unis). Graphenea accompagne ses clients par la production de nouvelles formes de graphène, que ce soit des transistors à effet de champ en graphène ou des oxydes de graphène, et conserve son leadership dans le secteur en expansion de la production de graphène.

À propos de KIVORO
KIVORO est l’entreprise dérivée de Graphenea, et est l’aboutissement de nombreuses années de travail dans le secteur des additifs et des nanotechnologies avec le développement d’un savoir-faire et d’une expertise croisés étendus de l’industrie chimique spécialisée. KIVORO a été créée pour améliorer et valoriser les produits de ses clients, et concevoir le meilleur additif chimique pour leur application.

Kivoro Plant

Specialty chemical production plant

Contactez-nous
info@kivoro.com
www.kivoro.com

Les photos accompagnant ce communiqué sont disponibles aux adresses suivantes:
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Kivoro Plant

Specialty chemical production plant

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Empowerment of Women for a Better Future

The National Union of Eritrean Women (NUEW) recently organized panel discussions and seminars on a broad range of women’s issues. One event that fascinated the audience is the discussion by a panel of young women known as the Young Female Professional’s Team (YFPT). The team is a group of fifty people who are lawyers, political scientists, social workers, marine biologists, engineers, health professionals, journalists, members of NUEW and PFDJ, teachers and workers of other governmental institutions.

The rapid increase in the number of girls going to college is resulting in an increase in the number of young female professionals. That is what led in 2017 to the inception of the idea to form YFPT by a group of five young female professionals with the intention to create a platform that brings together female professionals to share their experiences. Another motive for the formation of YFPT was the realization that it is crucial for the young women professionals to work together to have the desired outcomes in their work. In November 2018 the team of young female professionals submitted a proposal for their formal establishment and in 2019 YFPT was officially established under the umbrella of the NUEW.

The founding members of YFPT were volunteers working on women’s issues in their respective workplaces. They mainly focus on how young female professionals become empowered and transform their communities and contribute to the national development. YFPT’s mission is to amplify women’s role in society, and with the help of the NUEW, it organizes seminars and other activities once or twice a year.

With an increase in its membership YFPT’s activities also increased, leading YFPT to be organized into four teams: training, research, communication and counselling. The training team is responsible for making arrangements to give courses regarding current and women’s issues. The research team engages in research and presents the results for an open discussion. It also brings research papers done by others and uses it for awareness raising and to trigger discussion. The communication team, which mostly comprises media professionals, engages in disseminating the activities of YFPT. The counselling team is responsible for the provision of counselling services both for members of YFPT and others who seek advice and guidance. Members of the counselling team are mostly lawyers, health professionals and social workers.

YFPT’s most important target group is female students at all levels of education. It helps them to be knowledgeable about different aspects of life and share their experiences. It provides space for female students to discuss girls’ issues openly and proposes solutions for social problems and barriers. Students become mentally and socially conscious about their environments and are motivated to focus on their education with the information they get from YFPT. The ultimate goal of the team is to recruit very responsible and resilient young female students who can help in bringing about vibrant change in the development of the nation.

Members of YFPT are also obliged to serve young female workers, the second target group, by organizing seminars and courses at the targeted groups’ workplaces. Young female professionals face challenges at the workplace because of their gender in relation to, particularly, marriage and the bearing of children. These issues are said to prevent women from professional development, and YFPT is expected to serve as a platform for discussion with a view to finding lasting solutions to the challenges and problems.

Stay-at-home mothers are the third target group, and YFPT gives them counselling services and seminars at their administrative areas on issues of women and gender. Enlightened mothers produce an educated community, and their engagement helps consolidate the unity in their communities, which results in having shared visions.

YFPT organizes seminars and awareness raising programs in schools, Sawa and colleges. It also works in partnership with government institutions such as the ministries of Education, Information and Health, the Commission of Sport and Culture and NUEW on capacity building programs.

YFPT receives positive feedback from students and women, and the community generally tends to support their motive. This encourages the team members to carry on as they sense the change they are bringing about.

As women’s issues are not the concern of only women but the whole community, YFPT is open to anyone who is willing to contribute. It plans to continue to work to increase its membership and the capacity building courses for its members. YFPT’s vision is to bring together women in all walks of life and work to end discrimination and harmful practices that prevent them from realizing their dreams and to be able to sustain the already achieved development goals.

Source: Ministry of Information Eritrea

Eritrea participates at UN Convention on Bio-diversity Conference

Eritrea participated at the 15th conference of the UN Convention on Biological Diversity conference that took place from 7 to 19 December in Montreal, Canada, under the theme “Ecological Civilization-Building a Shared Future for All Life on Earth”.

At the conference in which representatives of 19 countries and organizations took part, Eritrea was represented by Mr. Estifanos Bein, director of Bio-Diversity at the Ministry of Land, Water and Environment, and Mr. Samuel Okbu, head of Consular Affairs of Eritrea to Canada.

At the conference the Eritrean delegation explained the significant progress Eritrea has registered in soil and water conservation, planting tree seedlings, enhancing instinctive regeneration of bio-diversity by establishing terrestrial and protected areas as well as in promoting traditional community enclosures.

The delegation further expressed Eritrea’s commitment to consolidate and to further advance its achievements in recovering degraded habitat, including threatened species of wild flora and fauna.

Eritrea has ratified a number of environmental treaties and has been a member to the Biodiversity Convention since 1996.

Source: Ministry of Information Eritrea

Ethiopia-Insight.com: Ethiopia’s winner-takes-all politics threatens Tigray peace deal

On 2 November 2022, after two years of catastrophic and brutal conflict, Ethiopian federal authorities and Tigray’s ruling party agreed to a permanent cessation of hostilities.

While Tigray’s leaders signed the agreement owing to difficult battlefield and humanitarian conditions, the Ethiopian government was forced to negotiate primarily because the national economy is under extreme stress, with high inflation, low growth, increasing financial deficits, and foreign exchange shortage among the most prominent macro-economic concerns.

Debt restructuring is one of the cards the US used to push Ethiopia to the negotiating table. The federal government wanted its debt restructured under the G-20’s Common Framework but the World Bank and IMF have delayed Ethiopia’s request in part because of the war.

Even if the Ethiopian army, along with its Eritrean and Amhara allies, had managed to take control of all major towns and cities in the region through military force, this wouldn’t necessarily have allowed them to pacify Tigray. This reality also partly explains why federal authorities decided to enter into negotiations.

Averting suffering

Tigray’s forces have also suffered significant losses to the extent that continuing to confront the joint Ethio-Eritrean forces in a conventional war would be almost impossible since they are vastly outnumbered and outgunned.

The Tigray Defense Forces (TDF) could employ asymmetric war tactics and begin guerilla warfare, which they are proficient in, but they would be exposing their people to the same retaliation and depredations they suffered during the first phase of the war.

In justifying why the Tigray People’s Liberation Front (TPLF) signed such an unfavorable deal, top negotiator Getachew Reda said the human toll on the civilian population would be such if they continued fighting that, even if they won the war militarily, they would have lost hundreds of thousands if not millions more people to famine, atrocities, and displacement.

Faced with this horrific prospect, Tigray’s leaders decided to cut their losses and save their people from further suffering. At the end of the day, the manmade famine created by the almost two-year long blockade of Tigray by the Ethiopian and Eritrean governments forced Tigray’s leaders to forsake some of their key political demands and instead negotiate.

Owing to this fateful decision, people in Tigray will be left at the mercy of the Ethiopian government and its allies. Eyewitnesses and aid workers say that Eritrean forces in particular have continued looting property, killing civilians, and carrying out mass detentions in Tigray.

Humanitarian access

Despite the fact that Ethiopia has agreed to end its blockade, Tigray is still facing a shortfall of humanitarian aid deliveries, though the situation is gradually improving.

The latest round of fighting substantially increased the number of people in need of humanitarian aid as the number of Internally Displaced People (IDPs) has grown significantly. Before fighting re-started on 24 August, there were 2.2 million IDPs within Tigray. However, this latest round of fighting has added more than 1.2 million IDPs.

The bulk of the few medical shipments that initially reached Mekelle after the inland corridors were re-opened on 15 November were full of non-vital items such as gloves and sanitizers. According to Kibrom Gebreselassie, head of the only functioning hospital in Tigray, the Ayder Comprehensive Specialized Hospital, no critical drugs had reached Tigray by 17 November.

The Ethiopian government has since allowed more trucks carrying food and medical supplies into Tigray, and allowed the resumption of humanitarian fight to Mekelle and Shire, in an effort to relieve international pressure.

However, the Ethiopian government’s claim in early December that aid had been delivered “for 95 percent of needy in North Ethiopia,” is a massive exaggeration.

According to the UN agencies coordinating the humanitarian response, “the second round of distribution for 2022 [that] was launched in Tigray in early October… assisted 1,380,350 people (26% of the total planned caseload of 5.4 million people for the region, including Western Zone) with 22,262 MT [metric tons] of food.”

The latest UN data reports that 1,672 trucks carrying aid by the government, the UN, and NGOs arrived in Tigray between 15 November and 8 December. A year ago, however, the UN and its humanitarian partners estimated that “100 trucks of food, non-food items, and fuel need to enter Tigray every day to sustain an adequate response.”

On 14 December, Kibrom tweeted that none of the medication provided to Ayder Hospital since the peace deal was signed could last for more than two days, and that the siege continues.

The shortfall of aid deliveries is particularly stark in areas under the control of Tigrayan authorities, especially central and eastern Tigray where only seven and 23 percent of people in need have so far received aid, respectively.

This a clear indication of what the International Commission of Human Rights Experts on Ethiopia (ICHREE) described as “an intention to deprive the Tigrayan population of objects indispensable to their survival as part of a strategy to weaken or undermine the Tigray authorities.”

Weaponizing aid

Ethiopia and Eritrea have fought this war by keeping Tigray under siege. In September, the ICHREE concluded that, “the federal government is using starvation as a method of warfare.”

The Ethio-Eritrean forces’ strategy throughout this war has been to weaken the resistance by creating mass displacement and forcing civilians to shelter in IDP camps where they can decide who gets aid.

According to the Tigray interim administration’s former chief of staff, Gebremeskel Kassa, during the time Ethiopia and Eritrean forces occupied Tigray in late 2020 and the first half 2021, Ethiopian forces were recorded selling USAID food aid meant for the starving people of Tigray.

In addition, Eritrean forces would divert aid by directing the truck drivers to deliver their cargo across the border to Eritrea. Even the Abiy-appointed interim government reported in April 2021 that Eritrean soldiers had shown up at various food distribution points in Tigray and looted supplies after the “beneficiaries became frightened and (ran) away.”

Federal officials are now amplifying photos of aid delivery to relieve diplomatic pressure while not doing enough to help Tigray avert the mounting humanitarian crisis.

A flood of assistance of goods and commodities as well as the free movement of civilians and humanitarian staff in and out of Tigray are paramount. According to the World Health Organization (WHO), the people of Tigray are in need of immediate, massive, overwhelming assistance, not “drip-drip” support both in terms of food and non-food items.

Amhara annexation

The war in Tigray pushed the federal government to arm hardline Amhara militias and allowed them to annex parts of Tigray. These forces now share a border with Eritrea via Western Tigray.

Under the Pretoria agreement, the two parties committed to resolve “issues of contested areas,” presumably referring to the territorial dispute between Tigray and Amhara regions, in accordance with Ethiopia’s constitution.

However, Abiy told parliament, “We’re keeping quiet on how to solve the Welkait [Western Tigray] issue for now so as not to create obstacles to the peace process. Once the peace process is well in progress, we will make it official.”

Abiy was insinuating that territories that were forcibly and unconstitutionally annexed by Amhara regional forces and militias then ethnically cleansed of Tigrayans might not be restored to Tigray.

Reversing the Amhara seizure of pre-war Tigray’s territories in western and southern Tigray would further alienate Abiy in Amhara. After all, Amhara irredentism has been one of the main driving forces behind the war in Tigray.

The federal government is fixated on Western Tigray not because of its fertility or its economic value, but rather as a means to surround Tigray and deny it access to the outside world via Sudan.

The blueprint for a strong and successful central government in Ethiopia, historically, has been to first subdue Tigray and then rule Ethiopia. So, taking this strategic piece of land that borders Sudan is part of a plan to subjugate Tigray by encircling it with hostile forces.

Eritrea’s withdrawal

The 2018 security pact between Abiy and Isaias Afwerki is still intact, as Eritrea has been fighting in Tigray at the invitation of the Ethiopian federal government.

From a legal standpoint, Ethiopia is well within its rights to invite Eritrean forces in its fight against Tigray and the international community cannot take any action unless Ethiopia officially asks Eritrea to withdraw and Eritrea refuses.1

So the most pertinent question is whether the federal government wants Eritrea to fully withdraw from Tigray and if it has the power to tell Eritrea to leave. Pushing back against Asmara will be difficult because the despotic Eritrean regime has enormous leverage over Abiy Ahmed’s government.

The Ethiopian army is weakened to a point that it cannot dictate anything to Asmara. A large portion of the Ethiopian army has been fighting under the Eritrean command structure and it owes its most recent battlefield gains to the Eritrean mechanized units and commanders.

Without the Eritreans, the Ethiopian army cannot maintain its presence in Tigray and would never have been able to achieve such favorable terms, most notably getting the TPLF to agree to disarm. So, for Abiy, asking the Eritrean army to leave would be shooting himself in the foot.

Eritrea’s stated goal is not only destroying the TPLF as a political force but also degrading Tigrayan society through political cleansing, an objective that is shared by prominent Amhara elites. Many in the Eritrean and Amhara camps may not be satisfied with the Pretoria deal, as they believe it guarantees the survival of their mortal enemy, the TPLF.

The Eritrean army has been training Amhara militias to help the federal government’s war effort in Tigray. Eritrea’s ruthless Machiavellian leader won’t hesitate to use these forces against Abiy, his present ally, if he feels that his objectives vis-à-vis Tigray are being sidelined in the name of peace in Ethiopia.

Hence, even if Abiy calls for their withdrawal, the Eritreans are not expected to fully withdraw willingly, as they consider the TPLF an existential threat, and the TDF won’t disarm completely until they’re gone.2It also remains to be seen how the Ethiopian army, which attacked its own people alongside a foreign military, will provide security for Tigray once the TDF disarms.

TPLF’s strength

At the start of the war, Ethiopia and its Eritrean and Amhara allies wanted to wipe out the TPLF and the region’s security apparatus, destroy Tigray’s developmental structure, obliterate its cultural heritage, and undermine its ability to prosper as a society. Although Tigray’s enemies achieved most of their goals, they failed their main objectives, namely, obliterating the TPLF and suppressing the regional military forces aligned with it.

Alex Rondos, former EU Special Representative to the Horn of Africa, said that, despite the fact the Tigrayans seemed to be negotiating from a position of weakness, at the time they made the peace agreement, the TDF still had “some 200,000 men and women under arms.”

Moreover, the main cause of the war was Abiy’s desire to centralize power by destroying the TPLF. In his first appearance in front of parliament after Tigray forces retook Mekelle in late June 2021, he admitted that the war could have been avoided if the TPLF had accepted the offer to join his Prosperity Party.

Despite intra-Tigray divisions that emerged from the Pretoria agreement, what Abiy inadvertently managed to achieve during the past two years was to strengthen the TPLF politically and militarily.

At the start of the war, there were only 9,800 Tigray Special Police Forces and around 40,000 local militias spread across the region. But now, Tigray has a proper army. Even if the TDF is disarmed and demobilized according to the peace agreement, it could easily be remobilized if the political problems that led to the war are not addressed.

Despite signing a peace deal, Abiy and his allied Amhara elites will not rest until they completely wipeout the TPLF’s power, which will involve trampling on Tigray’s autonomy that was granted by the federal constitution. Similarly, Eritrea’s veteran dictator, Isaias, sees the TPLF as an existential threat, and most Tigrayans view him with similar hostility.

The lack of political trust and inability to compromise by all warring parties, which led to the war in the fist place, is still in place. The resumption of basic services and unfettered access to humanitarian aid could play a significant role in the trust-building process, as well as putting in place a robust accountability mechanism to crimes committed.

Unfortunately, the Pretoria agreement makes no mention of an international probe. The peace deal leaves the crucial task of accountability for the crimes committed during the conflict entirely at the whims of the very government, which, alongside its Amhara and Eritrean counterparts, masterminded and orchestrated the pogrom against Tigrayans.

Furthermore, the federal government could still use the Pretoria agreement to achieve what it failed to achieve militarily: to destroy the TPLF and marginalize Tigray.

Most notably, federal authorities could start another witch-hunt against Tigrayan leaders by abusing Article 10/3 of the Pretoria agreement, which states that, “the Government of Ethiopia shall implement a comprehensive national transitional justice policy,” consistent with Ethiopia’s constitution and the African Union Transitional Justice Policy Framework.

Outside support

The cessation of hostilities agreement (CoHA) between Tigray and Ethiopia is riddled with ambiguity and the formal monitoring and verification mechanisms in the agreement are weak.

According to Article 10/4 of the CoHA, the two parties “agree to establish a Joint Committee comprising a representative from each party, a representative from IGAD, and chaired by the African Union.”

The monitoring and verification mechanism excluded representatives from the US, EU, and the UN, purporting to be using “African solutions to African problems.” But implementation of the peace agreement is unlikely to succeed without technical support and funding from the international community.

The EU and US, in particular, are crucial to the implementation process. The US has said that the CoHA must be fully implemented to consider restoring previous ties with Ethiopia, which would include reinstating Ethiopian exporters’ preferential trade access to US markets under the African Growth and Opportunity Act, and supporting World Bank and IMF loans to Ethiopia.

Realistically, only the EU and US have the capacity to take punitive measures against parties that are not in compliance with the agreement. Without them, the AU, which officially supported and is still supporting the Ethiopian government’s positions, cannot be trusted to oversee the implementation of such a complex and sensitive disarmament, demobilization, and reintegration process.

What all players must keep in mind is that disarming the TDF doesn’t mean the people of Tigray will all of a sudden accept injustice. Any attempt to undermine the Tigray’s interests would lead to another round of bloody conflict, which would make any path back to peace even longer and more fraught.

The only way to achieve sustainable peace is for all parties to the conflict to implement the peace agreement based on the principles of compromise, peaceful coexistence, and equal partnership.

Unfortunately, neither the leaders of Ethiopia and Eritrea nor those of Tigray have historically exhibited such traits, in line with their winner-takes-all political cultures.

Source: Dehai Eritrea Online

EurAsiaReview.com: Horn Of Africa States: Fiat Money Versus Gold – OpEd

Fiat money is generally defined as the currency issued by a government through its central bank. Such a currency is often backed by the economy of such a government. Fiat money is not based on the value of any commodity and, in fact, is created out of thin air. It exists because the government issuing such currency has assigned a value to it and declared it. Here is where the term “fiat” a Latin word roughly meaning “let it be” comes from.

The value is often assigned in comparison with another currency or currencies and mostly, after the Second World War, all currencies are assigned values in comparison with the United States Dollar. The United States Dollar was, in an agreement in Bretton Woods, New Hampshire, United States, in 1944, assigned a value with respect to Gold and accordingly, the United States Dollar became the measure of other currencies. Up to and until the early 1970s, such standard was fixed and working, when the United States of America, issuer of the United States Dollar, decided to remove its parity to the gold and the currency became a “Petro-Dollar”. Petrol and petroleum products were introduced because it was and still is the largest commodity traded in the world on a daily basis.

The United States Dollar supported by petrol continues to be, till today, the currency against which any other currency is measured, simply because most countries of the world need to have United States Dollars to pay for its purchases of petrol and petroleum products. Some currencies may be measured against a basket of currencies but that is rare, and the United States Dollar remains the main measure of other currencies, to the extent some countries only use the United States Dollar and not even their currencies.

Fiat currencies are often controlled by the central banks that issued them on behalf of their countries. Central banks then control the stability of such currencies and their supply in the market. Fiat currencies offer certain advantages in comparison to commodities of high value such as gold or silver. They can easily be moved and carried in comparison with equivalent values in Gold in and silver and other similarly high value commodities. They can also be stored more easily. Since they are printable or mint-able by the central banks, they can be increased or decreased at will by the central banks or by the government at will, as opposed to rarer metals of high value such as gold or silver. Once too much of such a currency is printed or minted, it can lose value easily compared to other currencies such as the United States Dollar. This often gives the United States Dollar a major economic prowess, which it uses against other countries which may not see eye to eye with the United States on world issues or important matters that may affect lives and economies of countries.

It is often said that heavy debt and the inability of a country to raise enough United States Dollars to pay for essential goods causes many countries to fail. Although this is true, the fact that the United States Dollar has recently been used as a weapon to make many countries kneel, has turned the currency into a weapon. Many countries have been cut off the international money and financial systems. Even individual and domestic organizations are sometimes targeted, which has given rise to the development of Bitcoin and other cryptocurrencies that are difficult to understand and control.

The world of money is undergoing changes resulting from the deglobalization started by the “America First” policy of President Trump and which may have led to the growing development of other organizations as the BRICS in opposition to the IMF and its sister company the World Bank, which together formed the central pillar of international finance and money over the past seventy odd years. The fact that many countries now use their own currencies to pay for their trade obligations or other currencies and more specifically for their oil and gas imports, other than the United States Dollars speaks volumes on the trend. This is being re-enforced by the weaponization of the United States Dollar and the currencies allied to it such the European and British currencies.

Where are we heading then and more specifically, where is the Horn of Africa States going? As far as the region is concerned only the Djibouti Franc remains pegged to the United States Dollar in the region and hence is the most stable currency. The Somali Shilling does not exist any more and other local currencies such as the Somaliland Shilling play significant roles in some of the markets. The Somali Shilling is no longer under the control of the central banks and is printed by fraudsters in the length and breadth of the country. The value of the Ethiopian Birr is declining. The Nakfa does not go beyond Eritrea. Should they continue in these fiat currencies, or should they prepare for the uncertain times ahead? I would say they should prepare and stack gold and other valuable commodities such as silver.

Cryptocurrencies are on the rise and government control over money supply will be limited in the future unless governments also come in the market to control it and/or stabilize it. Cryptocurrencies are the assets of individuals or parties that are unknown and can disappear and reappear in another form any time and hence are unpredictable. The peer-to-peer ability to trade directly between two parties or multiple parties in digital currencies is no more than a roost to entice people away from fiat currencies controlled by governments. These are far-fetched thoughts, and perhaps, the best way to avoid the pitfalls of fiat or digital money is to revert back to actual currencies with intrinsic values such as those of gold and other high value commodities.

Rampant inflation in the region is mostly due to the high import bill of the region as it literally imports most of the consumables in the region as opposed to local production. If the governments of the region can impose limitations to the import bill, then local production will rise. The fiat currency which is generally considered as debt-based should also be removed from the market and instead, the government should mint gold out of the gold produced in the region and those who produce goods in the region should be paid in gold. This would attract many traders and entrepreneurs from working on the import business and spend their energy on producing the consumables the market needs in the region. Producers would then compete in quality and efficiency and the regional economy would improve and grow. At least it would not be tied to wiles of others, such as the de facto fiat currency of the world, the United States Dollar.

The use of gold as a currency would help in the decolonization of the monetary system of the region, which remains todate tied at the hip to the international monetary system led by the United States Dollar. This does not mean that the region should not trade with the United States of America. By all means the region should maintain a good relationship with it and pay for its trade with the country in gold, as it should also with other parts of the world. Maintaining good relations with others help governments concentrate on local economy development and providing better services for the region’s population. But maintaining a gold currency of the region will help it secure its economic independence and this would add on to its political independence, which has so far been sick in bed.

Use of gold with a stable value would lessen inflation, improve local production, link money supply to a physical commodity, and would not allow or assist import deficits as happens today. It would reduce conflict within the region and hence allow people to concentrate on economic development, not only to produce the region’s food requirements but also all the other day to day requirements of the region including clothing, equipment, shelters and housing. This would lead to development and maintenance of water and water reservoirs and dams and renewable energy in the form of hydropower, wind power and geothermal as the region sits on one of those most seismic parts of the world.

Fiat currencies lose value as they can be printed without any limitation, theoretically, of course. They can, therefore, cause inflation as has been seen many times in many parts of the world, in the past. The monetary systems of the Horn of Africa States region currently are based on fiat currencies, and some are not even printed by the Government such as the Somali Shilling. If the region has to develop collectively together, it would, perhaps be better if they all started together with gold as the currency. This would allow stability and would be a safe haven against inflation. This would also avoid debates and arguments on what new currency to be used or the choosing among the prevailing currencies. It would reduce the import bill and would encourage local entrepreneurs to produce goods locally. This would contribute to the growth of the economy and hence the peace and stability of the region. Conflicts in the region result, in the main, from competition on the currently low available resources.

Note gold is a stable currency and it has an intrinsic value. It is a commodity. Fiat currency has the value assigned to it by the issuing government and its authorities. It has no intrinsic value. In the long run, gold always wins and why not use it as the currency.

Willian Rees-Mogg is reported to have said, “To prefer paper to gold is to prefer high risk to lower risk, instability to stability, inflation to steady long-term values, a system of very low-grade performance to a system of higher, though not perfect, performance.” Why not start afresh with a gold currency in the Horn of Africa States?

Source: Dehai Eritrea Online