Posts

HAWASSA UNIVERSITY: 2014 UNIVERSITY WEB RANKING

Image

Ethiopia: Central bank rolls out directive for setting up of reinsurers

Image
The National Bank of Ethiopia has issued a new directive that allows the establishment of reinsurers, reports The Reporter. The minimum capital required to attain a license for a reinsurer will be 500 million Ethiopian birr ($25.7 million). Once local reinsurers are established, domestic insurers would be banned from obtaining reinsurance from foreign reinsurers unless another directive permits it. At present, Ethiopian Insurance Corp. maintains outward reinsurance contracts with foreign reinsurers. Read more

ኣስቴር ማሞ : የመጀመሪያዋ ሴት ምክትል ጠቅላይ ሚኒስትር

Image
Aster Mamo becomes Deputy PM, Civil Service Minister ፎቶ ከሪፖርተር ጋዜጣ Aster Mamo, executive committee member of the Oromo People's Democratic Organization (OPDO), one of the four member parties of the ruling party Ethiopian Peoples' Revolutionary Democratic Front (EPRDF), has been appointed by Prime Minister Hailemariam Desalegn to be the next Civil Service Minister and Good Governance and Reform Cluster Coordinator with the rank of Deputy Prime Minister. While presenting her before parliament, Hailemariam said, "It gives me great pleasure to nominate the first woman for the position of deputy PM." Aster was appointed on Tuesday and was sworn in before the House of Peoples' Representatives. This makes her the first woman to be appointed to serve with the rank of deputy PM. Prior to her appointment she was serving as advisor to the PM and Chief Government Whip. Apart from her latest appointment, Aster was recently elected to be the deputy chairwoman

Ethiopia inflation rises to 8.8 pct in March - stats office

ADDIS ABABA, April 8  (Reuters) - Ethiopia's inflation rate quickened to 8.8 percent in the year to March from 7.9 percent the previous month, owing to a rise in both food and non-food items, official data showed on Tuesday. The Central Statistics Agency (CSA) said food prices rose 6.1 percent in March over the 12-month period from 4.7 percent in February, driven by price increases of bread and cereal. Non-food prices edged up to 11.8 percent in the year to March from 11.4 percent in February, owing largely to price increases of khat, a leafy plant chewed as a stimulant in the Horn of Africa and the Arabian peninsula. (Reporting by Aaron Maasho; Editing by James Macharia) © Thomson Reuters 2014 All rights reserved ምንጭ፦ http://af.reuters.com/article/commoditiesNews/idAFL6N0N01XS20140408

Ethiopia: Updated Submission for the Universal Periodic Review - Human Rights Watch

Image
Human Rights Watch Press Release Ethiopia's human rights situation since 2009 has been marked by a harsh intolerance for any criticism of government actions and a sharp decline in freedoms of expression and association. Critics of government policy continue to be subjected to harassment, arbitrary detention, and politically motivated prosecutions. Two repressive laws passed in 2009-the Charities and Societies Proclamation (CSO law) and the Anti-Terrorism Proclamation-have been used to decimate independent media and civil society organizations. Political space has also constricted as the ruling party, the Ethiopian People's Revolutionary Democratic Front (EPRDF), has consolidated control, the EPRDF officially won 99.6% of the votes in the 2010 parliamentary elections after intimidating political opponents, restricting media, and ensuring political support through its control of access to government services and other resources. Over the past five years most