China has lent Ethiopia US$ 500 million that will be used to fund various development projects in the Horn of Africa country.
The loan agreement signed with the Chinese Export and Import Bank was part of the deals struck during Ethiopian Prime Minister Meles Zenawi’s ongoing visit to China, which started last Thursday.
Ethiopian Finance and Economic Development Minister, Sofian Ahmed who signed the agreement with his Chinese counterpart said the loan will be used to implement 15 development projects.
“The projects to be implemented have already been finalised and will be discussed with the Chinese government,” Ahmed said.
Eritrean leader Afewerki in 'peace trip' to Uganda
Eritrea analyst Michela Wrong told the BBC Mr Afewerki's trip was the latest sign that he wanted to end Eritrea's isolation.
"Eritreans pride themselves on their rugged independence from the world, but I think there is a realisation this has reached dangerous levels. They are now regarded as a pariah state," Ms Wrong told the BBC's Network Africa programme.
Eritrea's President Isaias Afewerki is trying to rebuild ties with regional leaders "I suspect this is Eritrea reaching out to neighbours to say: 'We don't want to be completely on our own....
Is this the end of Isias Afewrki regime as we know it? PM Meles told us many times Isaias will have no choice but to sit down and negotiate once he run out of options to disturb peace in the horn...is it that time, has he run out of options?
What went wrong in Eritrea?
I recently read an extensive report prepared by the UN Monitoring group on Somalia and Eritrea (pdf), which said Eritrea was behind a terrorist plot in January against an African Union summit in the Ethiopian capital, Addis Ababa.
I was impressed by the level of detail in the report. For Eritrean activists abroad, it contained no new revelations, but I presume many members of the international community were shocked by it. The 417 pages accused Eritrea's government and military leaders of many wrongdoings, including human trafficking, contraband, money laundering and extortion.
The question many are asking is: what went wrong in Eritrea?
Somaliland, Ethiopia and China to Sign Trilateral Deals
BEIJING — Somaliland President Ahmed M. Silanyo arrived in the Chinese capital on Friday for bilateral talks likely to yield dozens of deals, statement said...Road and rail networks that will connect Berbera to Ethiopia and other key infrastructures and networks in the region will be part of the project
Sources of Inflation and Economic Growth in Ethiopia:
By Teshome A. (PhD) August 10, 2011-
Currently the objective of any developing country is to achieve sustainable economic
development. Economic development refers to multidimensional process of reorientation and
reorganization of the entire economic system in the country. To realize economic development
the country must achieve continuous economic growth...
The extraordinary story of how a large rural area of Ethiopia is taking itself out of poverty.