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ESAT News (October 9, 2017) Ethiopia will devalue its currency to attract foreign investment and close the gap in foreign trade, President Mulatu Teshome said at the opening of the bicameral parliament on Monday. He said his government is faced with a serious shortage of hard currency and export trade has dwindled in last three years. Mulatu said major projects ...

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ESAT News (October 9, 2017) Cholera is spreading in an alarming rate from Dire Dawa in the east to Benishangul in the west and from the Capital Addis Ababa to the northern city of Mekelle claiming lives along its route. Reports reaching ESAT from Benishangul Gumuz say 10 people have died due to cholera in Gobela town, Dangul district. The ...

ESAT News (October 9, 2017) News of the resignation of Abadula Gemeda, Speaker of the Ethiopian Parliament over the weekend and his brief televised statement on Sunday gave no clues as to the real reasons for his resignation. Seen as a rubber stamp speaker by many, but a force to be reckoned with by his supporters, the former defense minister ...