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Ethiopia needs to do better

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That's the message for Ethiopia Copyright 2014: Houston Chronicle July 28, 2014  |  Updated: July 28, 2014 10:25pm As they ready for two days of wheeling and dealing with a high-ranking Ethiopian delegation at a local hotel, Houston business and elected leaders today need to look beyond a foreign market opportunity and first ask hard questions about Ethiopia's recent crackdown on nine journalists, as well as the country's unsuccessful move this spring to make homosexuality a "non-pardonable" crime. Ethiopia is the second largest jailer of journalists in Africa, behind its neighbor on the Horn, Eritrea. This month it upped the tally by formally indicting nine editors, freelancers and bloggers with trumped up charges of inciting violence and terrorism. The world's preeminent advocacy organization for journalists and press freedom, the Committee to Protect Journalists, called the government's action a move to "suppress political dissent an

Ethiopia should consider currency devaluation: World Bank

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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

'Freedom of the press' in Ethiopia

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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

World Bank ‘wrong’ on Ethiopia’s ranking on ease of doing business - Desalegn - CNBC Africa

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

Egypt set to play Ethiopia friendly in Augus

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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