Ethiopian currency birr has dropped to a new record low against US dollar in parallel market. The US dollar is being sold for around 174 in the black market. Ethiopian currency birr started its downward journey in July last year when the government introduced macro economic reforms and liberalized foreign exchange market. Back then, official…
Ethiopia has reportedly rejected an offer made by Somalia to co-manage a port. The proposal by Somalia was shared in February this year. Last year, mediated by Turkiye, Ethiopia and Somalia entered into talks. The talks were held in the backdrop of a controversial MoU signed by Ethiopia with Somaliland to gain sea access. Somalia…
US State Department has announced that it is looking forward to strengthen its relationship with the Eritrean government. The statement marks a shift in US foreign policy towards Eritrea. The statement has been released on the occasion of Eritrean Independence Day. Eritrea its celebrating its 34th Independence Day today. “On behalf of the United States…