ESAT News (June 8, 2016) The Securities and Exchange Commission said on Wednesday that the Ethiopian Electric Power Corporation has agreed to pay nearly $6.5 million “to settle charges that it violated U.S. securities laws by failing to register bonds it offered and sold to U.S residents of Ethiopian descent.” The SEC said in a press release on Wednesday ...

  ESAT News (June 8, 2016) Eritrea on Wednesday rejected the COI report on human rights situations in the country saying it is politically motivated and groundless. “Eritrea rejects the politically motivated and groundless accusations and the destructive recommendations of the COI. It believes they are an unwarranted attack not only against Eritrea, but also Africa and developing nations,” the ...

  ESAT News (June 7, 2016) Local media reported that the Ethiopian regime has purchased 5 million dollars worth of HIV testing equipment from a supplier in China that was not registered with the World Health Organization. The equipment purchased from Beijing Wantai Biological Pharmacy were imported without the operation manuals, resulting in the government to incur additional cost for ...

ESAT News (June 7, 2016) Somali media reported that 42 people, most of whom women and children, were killed on Tuesday in Gashaamo, Somali region of Ethiopia. The victims were all from the Habar Younis Isaak clan. No group took responsibility for the attack but the clan has at various times been in conflict with specials forces of the Ethiopian ...

ESAT News (June 7, 2016) The rubber stamp parliament in Addis Ababa passed a computer crime law on Tuesday that’s intended to further stifle freedom of speech. The law, which has come under a damning scrutiny from all sides, makes punishable the exchange of any information that’s deemed antigovernment. The law makes it illegal the exchange of emails, audiovisuals and ...