Eritrea is interested in “military technology transfer” from Iran. Iranian President Masoud Pezeshkian has said that Iran is ready to share its capabilities and resources with the African country. The President made the remarks meeting with Eritrean Foreign Minister Osman Saleh. Osman Saleh attended new Iranian President’s inauguration ceremony. The Eritrean foreign minister, on Wednesday,…
Ethiopian opposition politicians are raising questions about the new macroeconomic reforms introduced by the government at the start of this week. This week, IMF and World Banks announced financing agreements worth around $20 billion with the Ethiopian government. With the implementation of these new reforms, the Ethiopian foreign exchange market has been linked to open…
IMF and World Bank have announced financing agreements worth around $20 billion with Ethiopia. On Monday, the executive board of the International Monetary Fund (IMF) approved a four-year extended loan service (ECF) that will support the implementation of the government’s domestic economic improvement agenda and the amount of $3.4 billion for Ethiopia, to solve the…
Eritrea owes huge amounts of money to the Ethiopian airline. It was disclosed today by the Ethiopian Airlines CEO Mesfin Tasew. He said there are substantial amounts of money stuck with Eritrea, particularly related to Ethiopian Airlines, both in dollars and the local currency; the Ethiopian government will communicate with Eritrea to retrieve these funds….
Prime Minister of Ethiopia today announced to devalue official currency birr. The devaluation has come at the heels of a key meeting between the Ethiopian government and the International Monetary Fund (IMF). Abiy Ahmed, the Ethiopian Prime Minister, today shared details of new macro economic reforms. One of the key reforms is the liberalization of…
Ahmed Fiqi, the Foreign Minister of Somalia, this week accused Habesha (Ethiopian) forces of being the primary reason for security crisis in Somalia. The Foreign Minister of Somalia made these remarks addressing a gathering in Doha Qatar. This week, Somali diaspora community held a conference in Doha. Somalia diaspora from across the world attended the…
Eritrean Govt sent a special message to Sudanese military led government on Saturday. The message was sent in the wake of expulsion of Sudanese ambassador to Eritrea. On Wednesday, Khalid Ababa, Sudanese chargés d’affaires to Asmara, was declared persona non grata by Eritrean government. No official reasons were announced by the Eritrean government for this…
Ethiopian FM on Friday accused Somalia of issuing unwarranted & irresponsible statements. “Contrary to the baseless accusations of the government of Somalia, Ethiopia has rather been sacrificing in the service of peace and stability of the brotherly people of Somalia for more than three decades. Ethiopia is, thus, dismayed by the unwarranted and irresponsible statements…
Ethiopia and Sudan have signed a landmark co operation agreement. Ethiopian Petroleum Corporation and Sudanese Nile Petroleum Company signed the agreement on Thursday. This agreement was signed in Addis Ababa, the Ethiopian capital. According to the agreement, the Ethiopian and Sudanese Petroleum Corporations will cooperate in several fields including the process of blending ethanol with…
Eritrea has reportedly expelled Sudan ambassador. Khalid Abbas, the Sudanese Chargé d’Affaires, has been given 72 hours to leave the country. The Eritrean government has been supporting Sudanese army since the outbreak of war between Sudanese Defense Forces (SAF) and the Rapid Support Forces (RSF) in April last year. Asmara’s decision to “expel” the Sudanese chargé…