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Latest News, Business : Ethiopian government Devaluation strategy
 
 
 
 September 03 Posted by: yontambek | 3-09-2010, 09:36 |
 
 
Ethiopian government Devaluation strategyEthiopia's Central Bank announced Wednesday that the birr has been devalued from roughly 13.189; birr to the dollar to nearly 16.189; birr, a one-day drop of about 17 percent.

“The IMF welcomes this move given it will help bolster Ethiopia’s competitiveness,” IMF representative in Ethiopia, Sukhwinder Singh, told Reuters. “It will need to be supported by appropriate monetary policy.”

“Does Devaluation Make Sense in Ethiopia Now?” Addis Fortune
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Latest News : Ethiopia is world's second most expensive place to get a fixed broadband connection
 
 
 
 September 03 Posted by: suleyman | 3-09-2010, 07:00 |
 
 
Ethiopia is world's second most expensive place to get a fixed broadband connectionA report released by the International Telecommunications Union (ITU) reveals that, Ethiopia has the second most expensive fixed broadband service anywhere in the world. A broadband service taken for granted in much of the developed world would literally cost, an arm, a leg and some in Ethiopia. According to ITU figures, it would cost nearly 21 times the average monthly salary in Ethiopia.
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Meklit Hadero: The Great Harmonizer
COVER: Melody mediator Meklit Hadero on her many musical endeavours—including a hip hop space opera—and her efforts to build musical bridges in Africa With a voice as fresh as the flower that’s ...

Ethiopia Hopes to Launch Construction of Three New Dams
Senior ministers at the Ministry of Water & Energy (MoWE) are planning to carryout feasibility studies on three additional hydropower plants to be built in the basin of the Abay (Blue Nile) ...

Kenenisa inquired about changing nationality
BRUSSELS -- The suspension of Olympic champion Kenenisa Bekele and 34 others was lifted Tuesday, clearing the way for the Ethiopian great to run at the London Games. "We have agreed to discuss all ...

Prez Mills unveils Kwame Nkrumah’s statue at new AU HQ
The President of Ghana, John Evans Atta Mills on Saturday unveiled the statue of Dr Kwame Nkrumah (Video), Ghana’s first President at the forecourt of the new African Union (AU) building in Addis ...

A symbol of China’s changing role
Towering above the Ethiopian capital, cloaked in urban smog, the new Chinese-built African Union headquarters in Addis Ababa is a bold symbol of China’s rapidly changing role in Africa.

Abshero stuns with 2:04:23 debut, Mergia clocks 2:19:31 in Dubai
Dubai, UAE - Ayele Abshero of Ethiopia turned the Marathon tide substantially on Friday when he ran the fastest winning debut in history, taking the Standard Chartered Dubai Marathon title in an ...

Ethiopian Man stabs wife to death and then hangs himself
A man stabbed his wife to death late Monday night and hanged himself while two of the couple's three children were locked in a room in their Rishon Letzion apartment. The couple, Lawaka Amara, 37, ...

Israeli President writes song for Ethiopian community
On the backdrop of recent acts of racism against Israel's Ethiopian community, President Shimon Peres recently visited the Amit Reshit School in Jerusalem, where children of Ethiopian descent ...

Ethiopia deny claims by rebel group that their troops shot foreign tourists
ADDIS ABABA, Ethiopia — A high-ranking Ethiopian government official says a rebel group’s claim that Ethiopian troops killed five European tourists during a gun battle is “pure fiction”.

Are we having too much of Teddy Afro?
Addis Ababa- January 24, 2012- Teddy Afro has now become more controversial than a beloved singer. Every news paper and magazine published seems to have some sort of story about the singer. ...

 

 

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