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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

by Engidu Woldie ESAT News (June 1, 2018) Andargachew Tsege has been reunited with his family in London in an emotional welcome at the Heathrow Airport where Ethiopians came out in huge numbers to celebrate his release after four years of imprisonment. Upon arrival, Andy acknowledged Prime Minister Abiy Ahmed for playing a key role to get him released. He ...