ESAT News (June 12, 2018) Amnesty International issued a fresh call for the government of Ethiopia to immediately disband the Liyu Police unit in the Somali region of the country. The call by Amnesty came in response to what it said “may amount to extrajudicial executions” of at least 14 people over the weekend by the Liyu police. “The Liyu ...
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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 ...
Read More »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 ...
Read More »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 ...
Read More »Ethiopia opens up key sectors of economy for private investors
by Engidu Woldie ESAT News (June 6, 2018) The meeting of the ruling EPRDF that decided to “fully accept” the ruling of the Ethiopian Eritrean Boundary Commission and the Algiers agreement yesterday, has also made a decision to open up key sectors of the economy that has so far been closed for private investors. The statement issued by the EPRDF ...
Read More »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 ...
Read More »Several houses set ablaze in violent clashes in Southern Ethiopia
ESAT News (June 4, 2018) Over fifty houses went up in smokes as clashes between the Guji and Gedeo communities in Southern Ethiopia resumed yesterday. The violence which has resumed after a month long lull has so far resulted in the death of over 200 people and the displacement of over 2,000 people. A recent assessment conducted by the UN ...
Read More »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 ...
Read More »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, ...
Read More »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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