Impact of Global Economic Slowdown on Ethiopian Economy Print
Ethiofact Ethiofact By Yared HM

Sub-prime mortgage, credit-crunch and recession are no more jargons of economists and politicians. They have become part of our day-to-day conversations be it at the bus stops, the coffee shops or breakfast tables. Somehow we all know what those words mean, but what will be their impact on our life and Ethiopian economy?

In the following article I would like to highlight some of the potential impacts of the credit crunch and global recession on the life of ordinary Ethiopians and Ethiopian national economy.

 
Ethiopia arrests terror plot suspects Print

ADDIS ABABA (AFP) — Ethiopian police have arrested the alleged masterminds of a plot to carry out attacks in the capital Addis Ababa, state media said on Thursday.

The state ENA news agency quoted Ethiopian intelligence as saying the suspects were leaders of the rebel Oromo Liberation Front (OLF) and Kawerj, a previously unknown group.

 
Obama victory sparks cheers around the globe Print
PARIS – Barack Obama's election as America's first black president unleashed a renewed love for the United States after years of dwindling goodwill, and many said Wednesday that U.S. voters had blazed a trail that minorities elsewhere could follow.

People across Africa stayed up all night or woke before dawn to watch U.S. history being made, while the president of Kenya — where Obama's father was born — declared a public holiday.

In Indonesia, where Obama lived as child, hundreds of students at his former elementary school erupted in cheers when he was declared winner and poured into the courtyard where they hugged each other, danced in the rain and chanted "Obama! Obama!"

 
Ethiopia warns of 'imminent' terror attack Print

ADDIS ABABA (AFP) — Ethiopia on Tuesday warned of an "imminent" terrorist attack and urged its citizens to be vigilant but did not elaborate on the nature of the risk.

"There is proven evidence that a plot to undertake a terrorist attack in Ethiopia exists at this very moment," the National Anti-terrorism Taskforce warned in a statement received by AFP here.

 
Ethiopia says will exit under Somalia peace deal Print

ADDIS ABABA, Oct 27 (Reuters) - Ethiopia said on Monday it will respect a U.N.-brokered peace deal for Somalia requiring the gradual withdrawal of its troops whose presence is the main bone of contention for opposition groups.

Somalia's government signed a ceasefire agreement with moderate leaders of the Alliance for the Re-Liberation of Somalia (ARS) on Sunday after meeting an opposition demand to fix the exit of Ethiopian troops.

 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 14
Copyright © 2008 Ethiofact. All Rights Reserved.