First Independent Mena Newspaper
The economies of East Africa face rather bleak prospects for growth this year because of the increasing risk of debt distress, widening fiscal and current deficits and limited economic diversification plans, according to the latest forecast by the African Development Bank (AfDB). The AfDB forecasts the region’s GDP at 4% this year, before recovering to […]
At least 50 companies are expected to list on the Ethiopian Stock Exchange (ESX), set to launch in two years, which will provide a platform for the privatization of the country’s state-owned enterprises. Three months ago, Ethiopia announced it was in the process of establishing a stock market signaling a window of opportunity for cross-listing. […]
The Ethiopian government and Tigray rebels have arrived in South Africa for peace talks convened by the African Union (AU) that are hailed as the most serious effort to date aimed at finding a solution to the catastrophic two year-long war in northern Ethiopia On Monday (24 October), negotiators for the Ethiopian government and regional […]
Ahead of the start of anticipated peace talks between the warring parties, Ethiopian and Eritrean forces captured the historic town of Adwa in the embattled Tigray region on Saturday (October 22) as Tigray forces retreated from the area after reportedly suffering major losses. A day earlier, an airstrike hit Adwa in northern Ethiopia, causing an […]
At least 150 people including children have been killed in two days of fighting in the latest ethnic clashes between members of the Hausa people and rival groups over land disputes in Sudan’s southern Blue Nile state. The fighting is some of the worst in recent months, and crowds took to the streets the state’s […]
Eritrea is intensifying its involvement in neighboring Ethiopia’s civil war, including by instituting forced conscription to strengthen its army, in a bid to crush the Tigray People’s Liberation Front (TPLF), the former ruling party of Ethiopia. Eritrea’s involvement in Ethiopia’s civil war is seen as effectively hampering efforts to end fighting that destabilized the entire […]
Ethiopia’s president Sahle-Work Zewde has reiterated calls for negotiations and other peaceful resolution means to end the country’s nearly two-year civil war. “The government has stated clearly that it will always keep the door open for peace,” Zewde said that while addressing the Ethiopian parliament on October 10. “We continue to urge for negotiations without […]
The controversial Beijing-funded African Center for Disease Control (CDC) in Addis Ababa, Ethiopia that is due to open in the next few months is just one example of China’s increasing investment in health care on the African continent since the pandemic as it builds what analysts and Beijing call a ‘Health Silk Road’. According to […]
East African economies will decline this year driven due to political instability, unreliable rainfall and reducing agricultural yields, says the latest Macroeconomic Outlook Report for East Africa published by Deloitte, the world’s largest consulting firm. The report that covered Ethiopia, Kenya, Rwanda, Tanzania and Uganda shows that the region’s gross domestic product (GDP) has been […]
Eritrean troops have been accused of launching a “full-scale offensive” supported by Ethiopian forces, raising international concerns that the reignited war in Ethiopia’s Tigray region could quickly escalate. Eritrean and Ethiopian officials have yet to comment on the reports that Eritrea is mass-mobilizing its reserve troops and that Ethiopia has been behind a series of […]