An Amhara Fano commander has been arrested by the Ethiopian security forces. Colonel Getahun was arrested in Gojjam zone of the Amhara region. Since last year, the Ethiopian security forces have been conducting a military operation against Fano militias in the Amhara region. Fano militias are loosely organized armed groups mainly consisting of Amhara fighters….
Ethiopian government is holding secret talks with Fano militias in the Amhara region. Prime Minister Abiy Ahmed announced on Thursday that his government was holding secret talks with Fano forces. Prime Minister Abiy Ahmed said that giving “explanation on the policy of the Macroeconomic Reform Program”. The PM met with Members of Parliament yesterday and…
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…
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…
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…
Ethiopian Prime Minister this week warned Tigray People’s Liberation Front (TPLF) against holding party congress. The Prime Minister spoke about that while meeting with representatives of political parties. On Monday, some Ethiopian political parties met with the Prime Minister. The Prime Minister termed it as an engagement between government and opposition parties. However, major opposition…
Major Ethiopian opposition parties again boycotted a meeting called by the Ethiopian Prime Minister Abiy Ahmed. The meeting began on Sunday in Sululta town near Addis Ababa. Adem Farah, Prosperity Party Vice Chairman, opened the meeting. On Monday, Prime Minister Abiy Ahmed joined. “Earlier in April, I met with political party representatives to discuss cooperation…
Over 50 people were killed on Monday in landslides in the Gofa zone in southern Ethiopia. The death toll is expected to rise. It rose to over 200, according to latest reports. Dozens of people lost their lives in sudden landslide accidents that occurred in Gofa Zone, Southern Ethiopia, at around 4:00 am on Monday….