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Abdur Rahman Alfa Shaban with REUTERS The national bank of Ethiopia has just announced the devaluation of birr by 15% starting from tomorrow October 11, 2017, as reported by Fana Broadcasting network. The rationale behind the devaluation is to increase foreign
SUBMITTED BY MICHAEL GEIGER ON WED, 09/20/2017 “co-authors”>CO-AUTHORS: PRIYANKA KANTH The Country Partnership Framework (CPF) for the coming five years in Ethiopia, approved by the World Bank board in June, features a “spatial lens” for development activities. This lens was developed in a background
By Desta Gebrehiwot Beset by the ever expanding informal channels of remittance, Ethiopia may continue to grapple with shortage of hard currency unless swift and collective measures are put in place, ‘Scaling up Formal Remittance to Ethiopia’ report discloses. A
About 8.5 million reported people are in hunger Drought victims continue to live in fear and uncertainty as the recent severe drought has killed two million livestock so far, according to a report of the Food & Agriculture Organization (FAO)
Dr Frank Ashall: Professor in Ethiopia (2012-2017) Dr Frank Ashall: Professor in Ethiopia (2012-2017) I took all of the photographs on this page in 2016 and 2017. They are a handful of hundreds of photographs I took there
Tsegaye Tegenu (PhD) May 14, 2017 Why is it so Important to Discuss about this Economic System Since the declaration of the state of emergency in October 2016, there is too much political discussion on good governance and political power
The National’s Business Gavin du Venage April 24, 2017 By years’ end, one of the world’s largest dams will begin filling up, affecting the fate of millions of people as it does so. Ethiopia’s Grand Renaissance Dam on the upper
By Selassie Alitash For decades, Ethiopia has struggled with drought, induced by El Niño phenomena. Subsequently, the country suffered from water scarcities, crop failure and food insecurity. The devastating effects of droughts is generally noticed among developing countries such as Ethiopia.
Blue Nile officially completes purchase from the government. The protracted privatization process of Awash Winery came to a conclusion after the Ministry of Public Enterprises (MPE) fully transferred shares to – Blue Nile Investment. After several failed auctions, the winery
As cliché as it may be, many believe that money makes the world go round. Upon second thought, this notion really doesn’t seem to be too farfetched at all. In general, some of the most powerful people in the world
Following the announcement of a new decree to execute Regulation Number 208/2010 that the Federal Transport Authority is said to implement on drivers, taxi drivers in the city of Addis Ababa have called for and started a strike that will
15 January 2016 – As the worst El Niño-induced drought has sparked a sharp deterioration in food security and massive drop in agricultural and pastoral production in Ethiopia, the Food and Agriculture Organization (FAO) today presented a $50 million plan
Historical speech of Ethiopian University teacher on the exaggerated tribal issue in the country.
BY LINDA THOMAS-GREENFIELD 2015 AGOA Forum The American consumer has long been accustomed to reading labels marked “Made in China.” However, across the United States, more shoppers are seeing “Made in Ghana,” “Made in Tanzania,” and other labels. African products
Amadou Sy From The Brookings Institution The devaluation of the Chinese yuan by about 2 percent—its largest single-day drop since 1994—on Tuesday, August 11 took global markets by surprise. Market analysts are busy refining their assessmentsof what the devaluation and
AUG 13TH, 2015 Annette Weber Senior Fellow of the German Institute for International and Security Affairs. The content of this [report/study/article/publication…] does not reflect the official opinion of the DIPLOMAT NEWS NETWORK. The views expressed in this article are the
July 29, 2015 Introduction President Barack Obama praised Africa’s economic performance in his speech on the 2015 Global entrepreneurship summit which was held in Nairobi from July 25-26, 2015. He stressed that Africa is “on the move and the
Fekadu Bekele, Ph D On 25th January of this year the Greek people have elected a new parliament and a new government which is led by the SYRIZA party which is opposing the economic and social policies of the past
How the West underdeveloped Africa and is now trying to “finance develop” it The “Third International Conference on Financing for Development” was held in Addis Ababa last week. It was billed as a “gathering of high-level political representatives, including Heads
Refugee camps are overflowing around the world.(AP Photo/Muhammed Muheisen) WRITTEN BY Hanna Kozlowska@hannakozlowska The number of refugees in the world is growing, now at an all-time high of nearly 60 million people. As wars and persecution continue to rage, refugee camps
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