Tag Archives: Engidu Woldie

Ethiopia: Andy Tsege says PM puts his job on the line for his release

by Engidu Woldie ESAT News (June 14, 2018) A high profile Ethiopian political prisoner recently released after four years in jail said the country’s Prime Minister told him that he had threatened to resign from his post if the ruling party would not release him. The death row prisoner, Andargachew (Andy) Tsege, told the BBC’s Hardtalk Zeinab Badawi that he ...

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    Ethiopia: Bank heist fails, suspects apprehended

    by Engidu Woldie ESAT News (June 13, 2018) A bank robbery in Ethiopia’s capital Addis Ababa went on the blink when a driver carrying the alleged crooks drove on the wrong way and hit another vehicle. The robbers tried to runaway after the crash but were caught by passersby, who thought it was just a case of a hit and ...

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      Ethiopia confirms 46 nationals drowned on Yemen’s shore

      ESAT News (June 12, 2018) Ethiopia has confirmed today that the forty-six migrants that drowned off the coast of Yemen last week were its nationals. Forty-six Ethiopians drowned last Wednesday when their vessel capsized in high waves as it approached Yemen’s shore, according to the International Organizations for migration (IOM). A statement by the Communication Affairs Office said today that ...

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        Ethiopia: Grenade attack injures twelve, one critically

        ESAT News (June 11, 2018) A grenade explosion at a university in Southern Ethiopia had left twelve students injured, one of them critically. The bomb was thrown into a library in Dilla University in Southern Ethiopia. No party claimed responsibility for the grenade attack that took place in one of the politically tense universities in the country. Ethnic clashes between ...

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          Ethiopia: Specter of economic crisis looms large due to forex crunch

          by Engidu Woldie ESAT News (June 11, 2018) The effect of Ethiopia’s foreign currency crunch is beginning to show signs of an impending economic crisis that could lead to a serious socio-economic catastrophe unless an immediate fix is sought to address the issue, the Finance Minister told Parliament.   Presenting the country’s budget to the Parliament, the Minister of Finance ...

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            Protesters in Afar demand release of political prisoners, fair share of resources

            by Engidu Woldie ESAT News (June 8, 2018) Residents of towns in Afar region took to the streets demanding the release of political prisoners and objecting interference by the neighboring Tigray region in the affairs of the Afaris. Video received by ESAT show police firing shots as demonstrators chant slogans denouncing the regional government. It was not clear if there ...

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              BREAKING: Ethiopia to implement Algiers peace agreement with Eritrea, boundary commission decision

              By Engidu Woldie ESAT News (June 5, 2018) Ethiopia said it would implement the Algiers peace agreement signed with Eritrea in December 2000 and “fully accept” the Ethiopian Eritrean Boundary Commission decision that came after a two year bloody war between the two neighboring countries. According to the national broadcaster, ETV, the executive committee of the ruling EPRDF has made the ...

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                China cuts back investment in Ethiopia

                ESAT News (June 4, 2018) A report by the Financial Times says Chinese companies, which are the major investors in Ethiopia, are finding it difficult to get loans from their creditors to finance projects in the East African country. Chineses banks and credit insurance companies are worried about Ethiopia’s increasing debt and foreign currency crisis, according to the report. ESAT ...

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                  Ethiopia to lift state of emergency

                  by Engidu Woldie ESAT News (June 2, 2018) The cabinet of Ethiopia’s Prime Minister, also known as the Council of Ministers, has announced today that a state of emergency imposed in February would be lifted. The news comes in the form of a tweet by Fitsum Arega, the Chief of Staff of the Prime Minister, who wrote that the Council, ...

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                    Ethiopia: Bank Governor accused of providing illegal loan guarantee to EFFORT

                    by Engidu Woldie ESAT News (June 1, 2018) The governor of the National Bank of Ethiopia (NBE) has given illegal loan guarantees to the Endowment Fund for the Rehabilitation of Tigray (EFFORT), a business conglomerate owned by the ruling TPLF. According to ESAT sources at the National Bank of Ethiopia, the Governor, Teklewold Atnafu, has given several guarantees of upto ...

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