Addis Ababa, September 4 (WIC) - This week the Ethiopian beer industry added another internationally recognized company, Diageo, which acquired the state-owned Meta Brewery for USD 225 million. This brought the total Foreign Direct Investment (FDI) to the sector in Ethiopia to above half a billion dollars.
Thought for Today!
Even though it is unpleasant, you can do it if you must. Even if it is difficult and complicated, you can work your way through it when you choose. Select your path not because it is easy but because it is right, for you, for your world, for your purpose, for your life. Spend your precious time not just to pass the time, but to build meaningful value. See that in each challenge is a new way to grow stronger. Know that in each problem is an opportunity to move forward. by Ralph Marston
ETV News(Amharic)
Investigation exposes BBC's deceit Thank you Ben!
BetreSeltan of VOA Interview with Abraham Gebremedhin, Director of Diaspora office, Tigrai Ethiopia Interview
For Your Information
From the newly instituted Diaspora office, Mekelle-Tgirai, Ethiopia.
Economic Growth is not an Option for Ethiopia Economic
Development
By Teshome A. (PhD) Sep 1, 2011-
In my recent two articles (Part I and II) entitled the “Sources of Inflation and Economic Growth in Ethiopia,” I emphasised the need for higher economic growth in Ethiopia to achieve structural transformation in the county. At the same time, I tried to justify the main sources of inflation in the country:
In response to my previous article, Tsegaye Tegenu2 has tried to comment on the suggestions...
Growth, Inflation, Food Imbalance, Unemployment and Rentseeking:
How can best be solved?
Tsegaye Tegenu September 3, 2011-
These are issues currently at the heart of the Ethiopian people and government. Finding solution is imperative. Some individuals are taking their time to address these issues and I appreciate their efforts and convinced that they deserve some feed backs. I selected two articles recently appeared.
In Africa, U.S. Watches China's Rise
Ethiopia and Zambia Are Among Fans of Continent's New Top Trade Partner; Washington Presses for Accountability
China is expanding its economic and political ties with countries across Africa, resulting in a rapid rise in influence here that has sparked concern from the U.S. government....[what is there to worry about? The USA cannot be worried about democracy since it is the biggest trading partner of China!. Communist China that is!It can not also be worried about free trade since it is the god father of free trade! Funny enough though, this news comes on the heels of the ONLF propaganda news of killing people and disrupting Chinese oil exploration in Ogaden, Ethiopia!]
Sources of Inflation and Economic Growth in Ethiopia Part II
By Teshome A. (PhD) Sep 1, 2011-
Part I of this brief paper tried to present the major sources of inflation in Ethiopia. Between 2004
and 2008, the higher desires to spend and higher import price with slow growth of aggregate
supply contributed to inflation in the country2...But the question is, what is the
relationship between inflation and economic growth in Ethiopia? What is the nature of the
economic growth during higher inflation? What are the major challenges of economic growth in
Ethiopia? This paper (part II) will address the above questions.
Amnesty International Says Delegation Expelled From Ethiopia
Amnesty International says a group of its delegates was expelled from Ethiopia this week after meeting with two opposition leaders who have since been arrested.Amnesty International says its foreign delegates were under constant surveillance during the 12 days they spent in the country before being expelled.
Damn if you do damn if you don’t! AI was allowed to stay in the country for 12 days and still complains!...we wonder what western institutions like AI, HRW and BBC want from the Ethiopian government to go this extra mile to defame it! What do they want?
Can the Employer of Last Resort (ELR) Approach Dissipate Rent-seeking?
Desta, Asayehgn, Ph.D. Sep 1, 2011-
As pointed out elsewhere, though halfheartedly implemented, the liberalization measures in Ethiopia for the last seven years have contributed to strong economic growth which has lifted the economic and social well-being of at least some of the more fortunate Ethiopians. In contrast, however, the majority of Ethiopians have remained...
Amid government denials, Eritreans flee harsh drought
In Ethiopias Endabaguna refugee camp, rows of gaunt Eritreans clad in rubber sandals give vent to their exasperation after days of trekking and dodging soldiers in an attempt to escape failed crops, hunger and an autocratic government.Camps in northern Ethiopia receive about 900 refugees every month from Eritrea, one of the regions most isolated countries
Ethiopian premier to visit Egypt for first time since the revolution
The Egyptian Foreign Ministry has announced that the Ethiopian Prime Minister Meles Zenawi is planning to visit Cairo in September.
Zenawi’s visit was originally planned for July but was cancelled due to the escalating protests at the time.
A pileus iridescent cloud was captured by photographer Esther Havens in Ethiopia. According to NASA this phenomenon is a result of "a group of water droplets that have a uniformly similar size and so together diffract different colors of sunlight by different amounts".See more of Esther Haven's images at estherhavens.com
