Worancha ወራንቻ

Ethiopia should consider devaluing its currency to boost exports as they are mostly unprocessed products and need to stay competitive on price, a World Bank economist said on Tuesday. Ethiopia, whose main exports are coffee, horticultural products, oilseeds and livestock, has operated a carefully managed floating exchange rate regime since 1992. The last big devaluation was in 2010 when the birr lost 16.7 percent of its value to the dollar. The central bank quoted the birr at 19.6511/19.8476 to the US currency on Tuesday. "By one measure of real exchange rate, Ethiopia's currency is 31 percent overvalued," the World Bank's lead economist in Ethiopia, Lars Christian Moller, said in Addis Ababa. At an event to launch an economic report on the Horn of Africa nation, he said devaluing the currency by 10 percent could increase export growth by 5 percentage points a year. "Ethiopia's exports are relatively unsophisticated, unprocessed and tend to compete in pri

Source: RADIO NETHERLANDS Nine Ethiopian journalists and bloggers, who had been arrested in April, have been charged with terrorism for having links with the US-based  Ginbot 7 opposition movement , and for planning attacks. Ginbot 7 is considered a terrorist organisation in Ethiopia. Ethiopian Prime Minister Hailemariam Desalegn denies he is undermining the freedom of the press. "Anyone who is seen and acting within this terrorist network will be eligible for the course of law," he told reporters. "When you put yourself into this network and you try to become a blogger, don't think that you are going to escape from the Ethiopian government.” Gado by Gado Cartoon: Gado Who is Gado? Gado, full name Godfrey Mwampembwa, is one of Africa's most influential cartoonists. He draws a daily cartoon for Kenyan newspaper The Nation, and his work has appeared in various other publications, such as Le Monde, the Washington Times and the Japan Times

Ethiopia continues to record impressive economic growth and is estimated to be one of the first growing economies in Africa. Ethiopia - Gross domestic product 48.15 (US dollars, billions) in 2013 GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. World Bank ‘wrong’ on Ethiopia’s ranking on ease of doing business - Desalegn - CNBC Africa

The Pharaohs will square off against Ethiopia in preparation for September's Senegal and Tunisia Africa Cup of Nations qualifier Sign in About Us Last Update 17:22 Friday, 25 July 2014 Home Egypt World Business Opinion Arts & Culture Folk Sports Egyptian Football  |  National Teams  |  Talents Abroad  |  Africa  |  World  |  Omni Sports  |  World Cup 2014 Life & Style Heritage Books Multimedia Egypt set to play Ethiopia friendly in August The Pharaohs will square off against Ethiopia in preparation for September's Senegal and Tunisia Africa Cup of Nations qualifiers Ahram Online, Thursday 24 Jul 2014 Print Send Views:447 Egypt's national soccer team coach Shawky Gharib (Photo: Al-Ahram) Related Egypt maintain FIFA ranking despite World Cup absence Egypt players congratulate Algeria for World Cup

Nairobi — Ethiopia, a poor East African country with record of abject poverty, is now one of the fastest growing economies in that region. This achievement followed an effective value chain developed by the country's coffee farmers under the aegis of Oromia Coffee Farmers Cooperative Union (OCFCU) that does not only improved the earnings of the Ethiopian farmers but also empowered the OCFCU to sponsor some government projects. Delivering a paper at the recently concluded conference on Finance for Revolutionising agricultural value chain in Nairobi, Kenya, co-sponsored by the African Rural and Agricultural Credit Association (AFRACA) and the Technical Center for Agricultural and Rural Cooperative (CTA), Mr. Dessalegn Jena of OCFCU said his union provides social services as part of its contribution to the government and people of Ethiopia. He said the union has built 81 schools and related facilities and transferred to the government, constructed 20 clinics, provided 89 sources