Eritrea reopened its embassy in Ethiopia on Monday in further evidence of a rapid thaw between two countries that a week ago ended two decades of military stalemate after a border war in which tens of thousands died.
Ethiopia's Prime Minister Abiy Ahmed and Eritrea's President Isaias Afwerki re-opened the embassy in the capital Addis Ababa in a brief ceremony.
One week ago the leaders declared their "state of war" over and Mr Isaias spent the weekend in Ethiopia.
The leaders jointly raised the Eritrean flag inside a newly refurbished embassy as a military band played Eritrea's anthem. They then toured the building and looked at its furniture and two rusting cars that belonged to Eritrea's last ambassador.
The Eritrean leader arrived in Addis Ababa for a three-days visit on Saturday and thousands lined the Ethiopian capital's main thoroughfare Bole Road, sporting T-shirts emblazoned with the pictures of both countries' leaders.
The visit comes just days after Mr Abiy visited Eritrea and signed a pact with Mr Isaias on resuming ties, a move that ended a near 20-year military standoff after a border war.
Eritrea formally seceded from Ethiopia in 1993 after a long battle for independence, but the two fought a border war in 1998. A peace deal was signed two years later but Ethiopia refused to implement it, saying it wanted more talks.
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Read more:
Historic peace between Ethiopia and Eritrea ends two decades of hostility
Ethiopia and Eritrea enter 'new era of peace'
The specs
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THE NEW BATCH'S FOCUS SECTORS
AiFlux – renewables, oil and gas
DevisionX – manufacturing
Event Gates – security and manufacturing
Farmdar – agriculture
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Greener Crop – agriculture
Ipera.ai – space digitisation
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Monak – delivery
NutzenTech – environment
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COMPANY%20PROFILE
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What is blockchain?
Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.
The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.
Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.
However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.
Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.
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Michael Owen 40
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Innotech Profile
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Based: Muscat, Oman
Sector: Additive manufacturing, 3D printing technologies
Size: 15 full-time employees
Stage: Seed stage and seeking Series A round of financing
Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now.
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Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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Total funding: Self funded