Ethiopia adjusts foreign exchange regulations: Here is what's new
Ethiopia has done made major adjustments to its foreign exchange regulations in a bid to cure an acute shortage of especially dollar bills. Prime Minister Abiy Ahmed months back admitted that the shortage was a big headache to the country but that it was going to take years to solve. Since then, Ethiopia has secured dollar injection promises from the United Arab Emirates and other financial players. The latest rules transmitted by the PM’s chief of staff were reached after Ab
Military helicopter crashed in Eastern Shoa, Ethiopia, kills 18
An Ethiopian Air Force helicopter is reportedly crashed today Eastern Shoa Zone, Lome District, in close proximity to the town of Mojo in central Ethiopia. It happened around 10:30 a.m local time and it crashed just 20 minutes before arriving at its destination. Eighteen people on board of the helicopter are confirmed dead. Fifteen of them are members of the defense force and the rest are civilian officials, according to a report by Fana Broadcasting Corporate. Children and w
Will the largest dam in Africa ever be completed?
The multi-billion dollar project has been dogged by disputes and delays. The Grand Renaissance Dam being built by Ethiopia along the Nile is slated to be the largest hydroelectric power plant in Africa upon its completion.But the multi-billion dollar project, which Ethiopia says is vital for its future economy, has been dogged by disputes and delays.Egypt and Sudan also rely on the river Nile.Although Ethiopian leaders deny the dam will cause water shortages, farmers in Egypt
Ethiopia arrests ex-Somali region head over rights abuses
Police in Ethiopia arrested the former president of the volatile eastern Somali region on charges of human rights abuses after a series of deadly clashes earlier this month. Monday's arrest of Abdi Mohamed Omar, who was forced to resign earlier this month, came days after Prime Minister Abiy Ahmed said he would face charges following fighting in the regional capital, Jijiga, and nearby towns. "Abdi was arrested for allegedly being behind the human rights violations as well as
Ethiopia PM’s diaspora tour: diplomatic, economic and unity dividends
Introduction – Abiy’s fast-paced reforms Ethiopia’s Prime Minister Abiy Ahmed, Africa’s youngest political leader, achieved in 100 days what even opponents could not believe was possible in a country rocked by anti-government protests for months prior. It was in March 2018 when after weeks of speculation, the ruling Ethiopia People’s Revolutionary Democratic Front (EPRDF) finally settled on Abiy to replace resigned Hailemariam Desalegn. Abiy, 42, was touted as the country’s f
The Ethiopia’s Somali region gets new president
The new acting president has long been a vocal critic of Abdi Iley Mustafa Muhumed Omer, 45, has been nominated as acting president of the Somali region until the next party congress in 2020, it was announced. The Ethiopian-Somali People’s Democratic Party (ESPDP)’s executive committee has elected him to be acting president in its meeting held today, BBC Amharic reported. Mustafa had served as a humanitarian liaison officer for the United Nations in Mogadishu, Zimbabwe, the U
An Air Force Stealth B-2 Spirit Just Test-Dropped a Nuclear Bomb
This is what it could do in battle. An Air Force Stealth B-2 Spirit Just Test-Dropped a Nuclear Bomb The Air Force’s B-2 Stealth bomber has test-dropped an upgraded, multi-function B61-12 nuclear bomb which improves accuracy, integrates various attack options into a single bomb and changes the strategic landscape with regard to nuclear weapons mission possibilities. Earlier this summer, the Air Force dropped a B61-12 nuclear weapon from a B-2 at Nellis AFB, marking a new deve
What Ethiopia needs is a new federal arrangement
After just four months in office, Ethiopia's reformist Prime Minister Abiy Ahmed already managed to make the nation hope for a better, more peaceful and prosperous future. His domestic and foreign policy achievements already exceeded all expectations. Ahmed also managed to make some progress in resolving Ethiopia's ever present ethnic tensions that helped catapult him into power. He acted as a unifier and managed to restore peace and stability in some of the country's most pr
Ethiopia frees on bail police suspected of negligence in PM rally blast
NAIROBI (Reuters) - An Ethiopian court has freed 11 police officers on bail after they were detained on suspicion of negligence in a grenade attack on a rally in June attended by Prime Minister Abiy Ahmed, state-affiliated media said on Tuesday. The attack in the capital Addis Ababa on June 23 injured more than 150 and raised fears that a group or individual may want to use violence against Abiy, who has presided over a series of reforms and a rapprochement with Eritrea since
U.S. to step up development partnership with Ethiopia
ADDIS ABABA- As the long- time economic partner of Ethiopia, America would like to further strengthen its bilateral partnership in health, education, agriculture, power and other development endeavors, US Embassy in Ethiopia Spokesperson Nicholas Barnett told The Ethiopian Herald.
“The Embassy is determined in promoting responsible business practices to encourage American companies to be part of the process both as investors and being exemplary for foreign investment fo
