DigEthiopia - Latest published stories in Economy

Ethiopia Devalues Its Birr Currency 17% Against Dollar, Central Bank

published 1 day, 20 hours, 36 minutes ago posted by adminadmin 1 day, 20 hours, 36 minutes ago
Thursday, September 02, 2010 3:03:26 AM GMT Thursday, September 02, 2010 3:02:46 AM GMT
Wed Sep 01 2010 Ethiopia devalued its currency, the birr, by 17 percent against the dollar, the third such move in the past 14 months, according to the National Bank of Ethiopia. The exchange rate was quoted at 16.351 per dollar today compared with 13.628 yesterday, according to the website of the Addis Ababa-based central bank. It was trading at 11.381 on July 10 last year. The devaluat... (more)
Digg It category: Economy | comment | | source: www.bloomberg.com tags: Bank, economy, ethiopia, Ethiopia economy

Meles declares to Complete Gibe III Dam at Any Cost

published 10 days, 18 hours, 50 minutes ago posted by adminadmin 10 days, 18 hours, 54 minutes ago
Tuesday, August 24, 2010 4:49:17 AM GMT Tuesday, August 24, 2010 4:45:39 AM GMT
Briefing local media journalists in his office this morning , Ethiopian Prime Minister Meles Zenawi told Awramba Times that the Gilgel Gibe III hydroelectric dam construction will be constructed at any cost on previously scheduled time. “nothing can stop the Ethiopian government from completing the project on schedule, [...] (more)
Digg It category: Economy | comment | | source: awramba.com tags: Electric Power, Gilgel Gibe, Meles Zenawi

Ethiopia under Zenawi named 2nd poorest country in the world

published 10 days, 18 hours, 50 minutes ago posted by adminadmin 10 days, 18 hours, 50 minutes ago
Tuesday, August 24, 2010 4:49:17 AM GMT Tuesday, August 24, 2010 4:48:47 AM GMT
According to a new index developed by Oxford University and the UN, Ethiopia under Prime Minister Meles Zenawi is ranked the second poorest country on earth.The new measurement known as the Multidimensional Poverty Index, or MPI, will replace the Human Poverty Index in the United Nations' annual Human Development Report. The new report says Ethiopia has the (more)
Digg It category: Economy | comment | | source: negaritethiopia.blogspot.com tags: economy, Meles Zenawi

Ethiopia: Tigray, Afar, Amhara and Benishangul - Hot Spot Map - 03 August 2010

published 19 days, 3 hours, 51 minutes ago posted by adminadmin 19 days, 4 hours, 11 minutes ago
Sunday, August 15, 2010 7:48:39 PM GMT Sunday, August 15, 2010 7:28:10 PM GMT
Ethiopia: Tigray, Afar, Amhara and Benishangul - Hot Spot Map - 03 August 2010 (more)
Digg It category: Economy | comment | | source: www.reliefweb.int tags: Afar, Amhara, Benishangul, ethiopia, Tigray

Coffee, Khat Biggest Forex Earners

published 28 days, 18 hours, 59 minutes ago posted by adminadmin 28 days, 18 hours, 59 minutes ago
Friday, August 06, 2010 4:40:33 AM GMT Friday, August 06, 2010 4:39:53 AM GMT
Coffee and khat exports earned Ethiopia close to 737 million dollars, which was 36.9pc of the total foreign exchange of two billion dollars that the country earned in the 2009/10 fiscal year with 36.5pc, 729.1 million dollars, coming from China. (more)
Digg It category: Economy | comment | | source: www.addisfortune.com tags: Coffee, economy, ethiopia, khat

European Investment Bank Stops Funding Gilgel Gibe III

published 32 days, 17 hours, 56 minutes ago posted by adminadmin 32 days, 17 hours, 57 minutes ago
Monday, August 02, 2010 5:42:56 AM GMT Monday, August 02, 2010 5:42:22 AM GMT
The European Investment Bank said it has stopped funding environmental and social impact studies for the Gibe III hydroelectric dam project in Ethiopia. The Luxembourg-based bank made the decision after alternative funding was found, the EIB said in an e-mailed statement today. In the past, the bank has funded preliminary studies designed to help [...] (more)
Digg It category: Economy | comment | | source: abbaymedia.com tags: Electric Power, envirnoment, ethiopia

The Ethiopian Economy: Proud Of High Deficit?

published 65 days, 15 hours, 33 minutes ago posted by adminadmin 65 days, 15 hours, 34 minutes ago
Wednesday, June 30, 2010 8:06:35 AM GMT Wednesday, June 30, 2010 8:05:00 AM GMT
Had Friedman been the adviser to Meles Zenawi, he likely would have argued the importance of a balanced budget for Ethiopia, one of the poorest nations in the world. Such an ‘outdated’ hypothesis simply does not hold true for this nation. For the last forty years, the economy has experienced huge budget deficits accompanied by sluggish economic growth. Under the two most recent regimes-the Derg and now the EPRDF-expenditures have reached their maximum, to little public benefit. (more)
Digg It category: Economy | comment | | source: addisnegeronline.com tags: Bank, economy, ethiopia

"Nile is above all a Gift of Ethiopia" Richard Pankhurst

published 87 days, 19 hours, 18 minutes ago posted by adminadmin 87 days, 19 hours, 38 minutes ago
Tuesday, June 08, 2010 4:21:29 AM GMT Tuesday, June 08, 2010 4:01:31 AM GMT
By Richard Pankhurst, Jimma Times The recent signing of a new Nile Basin pact to replace colonial agreements has once again triggered a debate about how the resource can be equitably shared. Professor Pankhurst, who has been familiar with the issue for a number of decades, analyses a book that attempts to locate a safe course through these treacherous, uncharted waters. “If Egypt is a Gift of the Nile,” as the Egyptians say, “the Nile is above all a Gift of Ethiopia”. So said Gascon, a noted expert on ... (more)

Nearly 206,000 ha. land covered with seeds in Awi Zone

published 87 days, 19 hours, 18 minutes ago posted by adminadmin 87 days, 19 hours, 35 minutes ago
Tuesday, June 08, 2010 4:21:29 AM GMT Tuesday, June 08, 2010 4:04:11 AM GMT
Close to 206,000 hectares land has been covered with seeds in Awi Zone, Amhara State in the current harvest season, zonal agriculture and rural development main department said. Department head, Adgeh Mekuria told ENA that the plan was to cover over 271,000 hectares land with seeds. Efforts are underway to cover the remaining area of land with seeds. Adgeh said activities are underway to increase productivity by 50 per cent through improving distribution of agricultural inputs and expanding the area of... (more)
Digg It category: Economy | comment | | source: www.reliefweb.int tags: agriculture, Bahir Dar, economy, Food

Ethiopia grew over 11 pct annually over 4 years-govt

published 87 days, 19 hours, 18 minutes ago posted by adminadmin 87 days, 19 hours, 27 minutes ago
Tuesday, June 08, 2010 4:21:29 AM GMT Tuesday, June 08, 2010 4:12:20 AM GMT
Ethiopia's economy has grown by an annual average of 11.18 percent over the last four years on improved infrastructure and significant growth in investment, its state news agency said on Friday. Although still one of the world's poorest countries, the Horn of Africa nation has posted the fastest growt... (more)
Digg It category: Economy | comment | | source: af.reuters.com tags: eprdf, ethiopia, Ethiopia economy

'Greening Ethiopia' breaks a vicious cycle

published 91 days, 20 hours, 59 minutes ago posted by adminadmin 91 days, 21 hours, 26 minutes ago
Friday, June 04, 2010 2:40:26 AM GMT Friday, June 04, 2010 2:13:00 AM GMT
In Ethiopia local governments, the private sector and development actors have joined hands in replanting Ethiopia's once vast forests. The initiative is called Greening Ethiopia, and calls for focused efforts to conserve natural resources and reforesting as a response to the impacts of climate change which are becoming increasingly visible in the country. Among the pledges, Ethiopian Airlines stands out with their promise to plant one tree for each passenger. LWF Ethiopia program has joined the movement,... (more)
Digg It category: Economy | comment | | source: www.alertnet.org tags: environment, ethiopia, Ethiopian Airlines

Sharp price increases for soft drinks in Ethiopia

published 102 days, 6 hours, 5 minutes ago posted by adminadmin 102 days, 6 hours, 5 minutes ago
Monday, May 24, 2010 5:34:20 PM GMT Monday, May 24, 2010 5:33:55 PM GMT
Sharp price increases for soft drinks in Ethiopia PRICES of Coca-Cola and PepsiCo products in Ethiopia have risen significantly this month, accortding to Addis Fortune. East Africa Bottling Share Company (EASBC) has put the price of a case of 24 of its products, including Coca-Cola, Fanta, Sprite, and Schwepps Tonic, to ETB70 (USD5.12). The new recommended price for consumers is ETB3.50 for a 300ml bottle and ET B4.50 for a 500ml pack. Crystal Mineral Water has not seen any change in price, yet.Pleas... (more)
Digg It category: Economy | comment | | source: www.agra-net.com tags: Addis Ababa, economy, ethiopia, Food

The Ethiopian Dam and Salini: Controversial Dam Builder

published 126 days, 16 hours, 33 minutes ago posted by adminadmin 126 days, 16 hours, 38 minutes ago
Friday, April 30, 2010 7:06:28 AM GMT Friday, April 30, 2010 7:01:41 AM GMT
SURVIVAL DEMANDS RETRACTION FROM CONTROVERSIAL DAM BUILDER Controversial Italian dam-builders Salini Costruttori are embroiled in a new dispute over allegations they leveled at the tribal rights organization Survival International. The clash began after Salini’s project to build Africa’s tallest dam on Ethiopia’s Omo River provoked a storm [...] (more)
Digg It category: Economy | comment | | source: ecadforum.com tags: EEPCO, Electric Power

Internet Users in Ethiopia

published 128 days, 15 hours, 24 minutes ago posted by adminadmin 128 days, 16 hours, 22 minutes ago
Wednesday, April 28, 2010 8:15:27 AM GMT Wednesday, April 28, 2010 7:17:31 AM GMT
The Number of Internet Users Will Jump To 12 Million, but Internet Subscribers Will Still Be Low at 1.4 Million at The End Of 2014 In Ethiopia Ethiopia has the lowest overall teledensity in Africa. The population is approaching 90 million, but there are less than 1 million fixed lines in service, [...] (more)

ETHIOPIA: Nearly a quarter of Addis residents lack toilets

published 135 days, 16 hours, 27 minutes ago posted by adminadmin 135 days, 16 hours, 55 minutes ago
Wednesday, April 21, 2010 7:12:10 AM GMT Wednesday, April 21, 2010 6:44:20 AM GMT
ADDIS ABABA, Ethiopia - Almost a quarter of Addis Ababa residents have no access to toilets, says a new report by the Addis Ababa city authorities. “We estimate that some three million people live in Addis Ababa. Out of this nearly 25 percent of the population have no access to toilets and defecate in rivers crossing the city” the report says. “We cannot tolerate an (more)
Digg It category: Economy | comment | | source: article.wn.com tags: Addis Ababa, ethiopia

Suspend Gibe III Dam Project

published 138 days, 17 hours, 36 minutes ago posted by adminadmin 138 days, 17 hours, 41 minutes ago
Sunday, April 18, 2010 6:03:37 AM GMT Sunday, April 18, 2010 5:58:24 AM GMT
I had been following the controversy surrounding the Gibe III hydroelectric dam project with passing interest until a couple of months ago. That changed when the recently completed Gibe II dam tunnel collapsed just two weeks after its inauguration. I am for the development of Ethiopia's infrastructure regardless of whatever regime is in charge. But development that is done without transparency and full consultation with all the stakeholders is bound to fail or bring about unnecessary conflicts or both. U... (more)
Digg It category: Economy | comment | | source: www.enset.org tags: economy, Electric Power, Gibe

የነዳጅ ዋጋ ላይ ጭማሪ ተደረገ

published 138 days, 17 hours, 36 minutes ago posted by adminadmin 138 days, 17 hours, 39 minutes ago
Sunday, April 18, 2010 6:03:37 AM GMT Sunday, April 18, 2010 6:00:14 AM GMT
እሁድ ሚያዝያ 3 ቀን 2002 ዓ.ም. የኢትዮጵያ መንግሥት መጋቢት 30 ቀን 2002 ዓ.ም. ምሽት በሰጠው መግለጫ የነዳጅ የችርቻሮ መሸጫ ዋጋዎች ጋር ጭማሪ ማድረጉን አስታወቀ። (more)
Digg It category: Economy | comment | | source: www.ethiopiazare.com tags: ethiopia, Oil

Egypt says Nile sharing meeting fails

published 138 days, 17 hours, 36 minutes ago posted by adminadmin 138 days, 17 hours, 38 minutes ago
Sunday, April 18, 2010 6:03:37 AM GMT Sunday, April 18, 2010 6:01:37 AM GMT
Egypt’s state news agency reported Tuesday that 10 African nations have failed to conclude a long delayed new agreement for sharing water from the Nile and will call for closer cooperation instead. The Nile basin nations have failed for years now to agree on the Nile River Cooperative Framework Agreement to [...] (more)
Digg It category: Economy | comment | | source: abbaymedia.com tags: ethiopia, Nile River

Ethiopia's exports up 21 pct in last 8 months-govt

published 142 days, 17 hours, 2 minutes ago posted by adminadmin 142 days, 17 hours, 6 minutes ago
Wednesday, April 14, 2010 6:37:09 AM GMT Wednesday, April 14, 2010 6:33:17 AM GMT
Ethiopia's exports rose sharply in the eight months through March versus the same period a year earlier, and the economy is on track to expand 10.1 pct during the 2009/10 fiscal year, the government said on Monday. (more)
Digg It category: Economy | comment | | source: af.reuters.com tags: economy, ethiopia, Export

Ethiopia's Meles pledges growth, fair elections

published 142 days, 17 hours, 2 minutes ago posted by adminadmin 142 days, 17 hours, 3 minutes ago
Wednesday, April 14, 2010 6:37:09 AM GMT Wednesday, April 14, 2010 6:36:21 AM GMT
Ethiopian Prime Minister Meles Zenawi defended his government's policies Tuesday and pledged economic growth and fair elections in his final report to parliament ahead of next month's polls. (more)
Digg It category: Economy | comment | | source: news.yahoo.com tags: economy, election 2002, ethiopia, Meles Zenawi
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