Ethiopia Faces Threat from Wahabi Muslim Extremists

By Andualem Sisay Some Wahabi Muslim extremists in Ethiopia are being engaged in underground violence and unrest instigation activities by abusing the freedom of religion and faith guaranteed by the constitution says, Ethiopian government official. “We are not against their doctrine; what they are doing by organizing themselves underground is a crime against the constitution,” [...]

Invest in Agriculture to Boost Food Security in Africa – European Parliament

Members of the European Parliament (MEPs) call for more aid to be directed towards agricultural production and assistance to pastoralists to ensure food security Somalia, Ethiopia, Kenya, Eritrea and Djibouti, which are currently hit by famine and drought. “The international community should make long-term investments in agriculture, as the main source of food and income [...]

Displacement Crises Multiplying, Unpredictable

The United Nations High Commissioner for Refugees (UNHCR) António Guterres warned today October 3, 2011 that an increasingly complex international environment is making it harder to find solutions for the world’s more than 43 million refugees, internally displaced and stateless people. Guterres pointed to the humanitarian crisis in the Horn of Africa, describing it as [...]

Africa Neglects Domestic Investment Focusing on FDI

By Andualem Sisay Many African governments have failed to give proper attention and provide incentives to domestic investments focusing only on Foreign Direct Investment (FDI), says an expert at the United Nations. “FDI can not be a foundation for a national economy. African countries have to give proper attention and incentives for domestic investment and [...]

DRC Election Candidates Meet in Ethiopia to Discuss Security Concerns

By Andualem Sisay Representatives of different political parties of Democratic Republic of Congo (DRC) met in Addis Ababa, Ethiopia, yesterday (September 26, 2011) to discuss security issues related to the upcoming national election. The meeting which is organized by the African Union and Institute for Peace and Security Studies (IPSS) of the Addis Ababa University [...]

India Swears to Make Ethiopian Leather Sector Globally Competitive

Two Indian government leather development institutions made a twinning arrangement with Ethiopian Leather Industry Development Institute (ELIDI) in order to transfer technology and press on the ‘sluggish growth’ of earnings from Ethiopia’s leather and leather products export. This was indicated at a half-day meeting held at the Sheraton Addis this morning (September 19, 2011). Directors [...]

Ethiopia’s Single-branch Bank Doubles Profits

Zemen Bank announces this week that it earned a gross profit of 121 million birr (around 7 million US dollars at the prevailing exchange rates) in the 2010/11 fiscal year (July 8, 2010 – July 7, 2011). Net profits (after taxes) were 84 million birr (around 4.9 million US dollars), double the level of the [...]

Ethiopia Refutes Advising US to Overthrow Al Beshir

In response to the recent United States cable report of wikileaks that stated Ethiopia’s intention to remove the Beshir regime, the Ethiopian government released a statement denying the allegation. [PM Meles at the AU Heds of States summit January 2011- Photo newbusinessethiopia.com] PM Meles at the AU Heds of States summit January 2011- Photo newbusinessethiopia.com [...]

Ethiopian Journalist Mentioned in WikiLeaks Flees Country -CPJ

An Ethiopian journalist who was mentioned by name and referred to his unnamed government source by the United States diplomatic cables of WikiLeaks, flee the country after police interrogated him over the source’s identity, the Committee to Protect Journalists (CPJ) said. [Argaw Ashine- photo from facebook profile] Argaw Ashine, who used to work as a [...]

Forum to Propose Solutions for Boosting Africa’s Food Production

Forum to Propose Solutions for Boosting Africa’s Food Production