Post-Brexit Costumes Implications could be dire for the UK, as revealed in Irish Parliament Draft Report of September 2017!

The Republic of Ireland Parliament has started their works and their initial searching for solutions Post-Brexit. This September Draft report from the Irish Parliament is more structured and more explained than any of the ones offered the public from the United Kingdom counterparts. The Irish government clearly are open within their troubles and possible hurdles in the new state between Republic of Ireland as a Member State in the European Union and United Kingdom on the outside. This will significantly change the prospects of trade, movements of goods and direct costumes operations within Ireland and in the United Kingdom. The Brexit agreement between the EU and UK will be vital to the borders and trade between the neighbor states.

Out of the report, this is for me, the vital quotes, that significantly says what it means for both parties. They are really explaining clearly the impact and being direct in the problems that are coming with Brexit. Something certainly the British should look into, if they wants to have good trade and movement of goods to and from Ireland. This will not happen as it is done today, since the United Kingdom will need new regulations and new sorts of security checks. Since they are not a member state and in the new system need to follow other protocols of movement than of today.

Brexit implication:

There are two distinct processes in the e-manifest procedure, depending on whether the goods are non-union or union goods. Currently goods coming from the UK are union goods and, while a manifest is required for the enforcement of national prohibitions and restrictions, there are no systematic controls imposed on these goods. However, post Brexit these goods will be non-union goods and as a result the manifest will be fully processed and the goods in question will not be released until all customs formalities have been completed” (Oireacthas, P: 8, 2017).

Goods to the UK:

Goods to be exported to the UK will need to be presented to customs at the customs office of exit11 and be made available for examination if required. This extra layer of formalities for movements that are currently intra-union movements will not only place a considerable administrative burden on traders it will also have a negative impact on trade flows and delay the release of goods” (Oireacthas, P: 10, 2017).

Goods passing through UK:

Under transit, it is possible for goods to proceed directly to an inland location before customs formalities need to be completed. Where a trader wishes to move goods arriving from or through the UK directly to their premises they will need to be approved as an authorised consignee and also have the appropriate premises approved as a Temporary Storage facility as the goods will have the status of non-union goods. Where traders are not approved as authorised consignees then those goods declared for the transit procedure would be required to be presented at the declared customs office of destination for control purposes and in order to end the transit procedure. This in effect would require that current Revenue offices not assigned the function of a customs office of destination in NCTS would need to be assigned that status and be in a position to provide suitable examination facilities where necessary controls can be performed. Providing suitable facilities and associated human resources may prove difficult for Revenue” (Oireacthas, P: 13-14, 2017).

If this isn’t seen as important for the British, the United Kingdom and their possible trading operations with Ireland and the whole European Union. Than they better come up with solutions. If not they have to trade Yorkshire Tea with themselves and Tetley can be sold just within the Kingdom. Since it will be expensive with routine checks and costumes arrangements to fix the new hurdles for people who orders their stocks into their shops. They rather pick up another brand with similar flavor of their tea, than ordering the famous British tea suppliers. Why take Lipton, when you can order a French Tea without any problems and time consuming costumes and tax-operation. This is what that can appear, as well as sudden extra time in storage and other new need of expenses. That will mean the costumers will have to pay the extra prices for the same product, as well as pay for the added time it takes before the products hit the market.

This is just between Ireland and the United Kingdom. If you we’re too consider all member states of the Union, you know the issue becomes more dire for the United Kingdom. That these issues will hit their trading partners, the producers and the ones that produced and exported products for decades. Will be hit or have to become more expensive abroad, this may even make the consumers in outside markets pick other products than the British. Why pay more for British, when the French has a similar tasting product? Why buy an extra expensive British Cheese, when the Belgian one taste as good?

So if the Costumes and added taxes between UK and EU Members States grows, that will make the products less worth as it will be more luxurious and less of common product in the shelves. Also, that the time consuming import together with the cost of transit, manifests and checks of the products. Will also hurt the bottom-line and the profitability of imports from British producers. This should worry all producers and factory made product-lines that is made for exports. The Irish government has clearly outlined the issues and are striking factors for simple movement of goods between the states. It might not become so hard, but the possibility is still there. Peace.

Reference:

Oireacthas – ‘Brexit and the consequences for Irish Customs – DRAFT’ (September 2017)

IEBC Internal Memo: “Re: Revised Results Transmission Workflow” (14.10.2017)

#NotBreakingNews: President Museveni finally said “This Age Limit Removal is Mine”!

…Museveni President Yoweri Museveni this evening told the NRM caucus that he is behind the proposed amendment of the constitution to remove the age limit. He said anyone against the amendment is against…” (Andrew Mwenda, 13.10.2017).

Well, this day had to happen, if where naive and believed that President Yoweri Kaguta Museveni was not behind the bill. Sorry brother and sister, you we’re very wrong. President Museveni has no come all out, like out of the closet and showed his gay face to the world. Not that he is gay, but he has a hard-on for life presidency. Therefore, the President had to say certain words to his fellow National Resistance Movement Parliamentary Caucus as they had a Consultation Meeting on the removal or lifting of the Age Limit. So before I discuss the matter and the words of the President. I will show the ones that has been revealed. Take a look!

A snippet from Museveni’s speech on the NRM Caucus:

This age limit removal is mine. It is my thing. I am the one behind it. I want everyone to know this. I am tired of hearing party members talk against it. All rebel MPs who have been campaigning against it, get out of the meeting”. After he said this, the 8 MPs was moved out and after that. He continued: “Those of you remaining but do not support removing the age limit, put up your hand now so that I can know you are against me”.

Museveni supported the dismissal commenting; “Their issues are in bad faith. When somebody is treating party colleagues as if they are criminals, going on the radio, telling lies about colleagues, inciting violence using social media, that is not something to gloss over.” (…)“If you disagree with something and come out to say you are not yet convinced, that is a decent way and matter of opinion.” The President condemned the legislators’ actions which he termed as “using unfair tacticts and tactics of the enemy” (…) “We had to bring security forces in Parliament because these people were defying the Speaker. And now you make common cause with the kind of people that were threatening to kill others and their families?” Museveni went on to say. “This is not disagreeing. This is enemy actions. Who are you to threaten us? Disagreement should be done through discussion.” (Soft Power, 2017).

If you we’re surprised by this, you have lived under rock or without following the procedures and the MP Raphael Magyezi of Igara has tabled a motion in Parliament on the lifting of the Age Limit. This happen with force inside the Parliament and it has now come to Committee. Until now the President has acted like he doesn’t care, but today the old dog started barking. He is tired of the MPs who are opposing it, since he wants everyone on his side. Therefore, he has had no trouble with ordering opposition MPs out of the Parliament with the Special Force Command. Neither to send away the NRM MPs who oppose him and his life presidency.

It is funny that he speaks ill of the ones disagree with him, but if you do. You are suspended, detained and even just sent away. There are no discussion with the President at this point. It is either his way or the harassment or intimidation of you. This is now happening inside the NRM, as 9 MPs were actually kicked out. Also insulted before it happen as they are acting vile and criminal. Because going against his will and his supposed change of law is using unfair tactics, with actually talking in public. Only the public view that is expressing his view is acceptable. The proof of this is how the NRM and the Police Force has done recently. That one rally is not ambushed with the NRM Parliamentary Caucus, does not prove democratic values. More a once in a lifetime, than the norm of Public Order Management Act.

That he is lying of killing and threats is totally insane. The Opposition MPs has said they would fight for the Constitution, but not kill fellow MPs. They would defy the rules of the Parliament, but if singing the National Anthem is killing the Speaker, then its her ears that explodes of the high pitch of Bobi Wine. Not that the singing and dancing in the National Assembly could ever be violent. That some of the MPs went violent is after the SFC started the vile grabbing of MPs and sending them to the Police Vans to be detained. Therefore, I cannot believe the words of the President and his misuse of the Presidency. That a man like him and a President for so long easily lies like this is insane.

But now we know he owns the Age Limit and MP Raphael Magyezi wanted to be Ugandan Judas Iscariot, the one taking the silver coins while making sure the kiss of death to Constitutionalism happen. This is what happening and anything else is masked lies. President Museveni really asked like a teacher: Who disagree with me put up your hand. I am sure the NRM MPs knew after kicking out the rebel MPs, if they disagree they would sent off too. None of them would get 29 Millions for Consultation Meetings and whatnot. They would also be in bad faith with their leader. The NRM MPs could not risk that, because they are boneless and without any character.

President Museveni has now proven the projects that matters is himself, nothing else. If believe anything, then your blind my friend. Time to open your eyes and look upon the stars. Look into oblivion, hope there are something eternal in the sky, because at planet earth. President Museveni thinks he is the Sun, the Moon and the Stars. No matter what he does he is the center of attention. Now he wants to be that for life and not give way to anyone else. That should not be accepted.

So expect this is going to be bloody. Peace.

Reference:

Soft Power – ‘“You Can’t Treat Party Fellows As Enemies” Museveni Blasts NRM ‘Rebel MPs’ (13.10.2017) link: http://www.softpower.ug/you-cant-treat-party-fellows-as-enemies-museveni-blasts-nrm-rebel-mps/

Opinion: The Resistance Movement are throwing out Rebels, how endearing of them!

This Age Limit saga, if you may, are the point of time and at the crossroads, where the real life actions and beneficiary of the Presidency comes too light in this process. Nothing is left for granted, no amount of funds and neither is the other agencies at work. To secure that the process is giving way for more terms and life presidency of the founder and creator of all, President Yoweri Kaguta Museveni. The one that took the Republic and now holding it hostage. The beneficiaries of this hostage situation wants to make sure their cut spread properly before the voting and the consultations done within reason. Therefore reading this make you laugh, but also wonder what is wrong with this party!

“Rebel NRM MPs are likely to be chased out of the meeting of NRM parliamentary caucus scheduled at the Office of the Prime Minister today. Speaking to the NRM chief whip Ruth Nankabirwa said that they can not tolerate fellow NRM MPs who are against the majority decision of amending act 102b of lifting the presidential age limit to attend their meeting. Among the considered rebels include, Kasanda North’s Patrick Nsamba, workers Mp, Sam Lyomoki, Lwemiyaga county Mp Theodore Sekikubo, Kumi woman Mp Monica Amoding, Buyaga west’s Banarbas Tinkasimire. Others are; Manjiya county’s John Baptist Nambeshe, kasambya county’s Gaffa Mbwatekamwa, Felix Okot Ogongo, and Alex Ruhunda of Fort Portal municipality” (91.2 Crooze FM, 13.10.2017).

It is now revealed that the order of expelling the MPs came from above and from the President himself, which shows that he wants to reaffirm himself. Not resist anyone or anything, and no one is allowed to resist him or his position as the Grand Wizard of Uganda.

The NRM Caucus cannot have people who resists the party line; the party of resistance cannot have people who resist. Do you know how stupid that sounds? A party come from rebellion and resistance to the former government structure can now not accept other people resisting. It is beneath me, but also in spectrum of nonsense that the President currently operates within and is apparently proud of it all. There are nothing to bothered or spared as the consultations and the Legal and Parliamentary Committee is working on the nuts and bolts of the Constitutional Amendment.

We can just wonder if the NRM are thinking how stupid and rare it sounds like, that rebels from a party forged from rebellion are not allowed to participate and talk. It is amazingly stupid and foolish. It is out of character, but also show how little values that is within the NRM party, that is a one-man show and a sole candidate party. The structures and organizations are more a front for his will, than a working party with different functions. If the NRM Caucus within the Parliament cannot accept outsider, who can?

That the men of Resistance cannot accept people who resist, who can? NRM name is pointless and the whole rebellion was used to forge so that one man could rule republic, instead of the other men he brought down. Now he wants to seal it for life and his party has to become the National Reaffirm Museveni (NRM) Party.

So when rebels and people who are resisting is not allowed within the Resistance Party, you know the party has become a reaffirming party of the one man that lead them to victory. Since then the causes has dwindled and his personal affairs has become the key operation of the state. Because of that, the NRM are reaffirming their commitment to cement the life operation of Museveni. Nothing else and nothing else matters. Peace.

Opinion: When it comes to lifting the Age Limit, the Republic apparently has a fountain of cash!

MPs to get 29 million shillings for age limit consultations” (NTV Uganda, 2017).

It is a miracle the state that borrows for possibly retain back some parts of it in the Oil exploration. Clearly has to empty the Consolidation Fund or some other public funds hidden inside the State House. Because this is the government that has to postpone salaries for their civil servants. Teachers and Police Officers has to wait for their salaries, while the Members of Parliament will get extra funds to support and “consult” their constituencies. The same MPs that has said they are afraid of meeting their constituencies. It is ironic and weird.

That a broke state has funds, that a broken Parliament, a Parliament, which is shooting itself in its foot. Is trying to run to for the in plea and prospect of positive re-enforcement. That the government can afford this amount is staggering, that the MPs can accept this sort of affair. But hey, they want to be loyal to their master and spare nothing to show it. If we combine the numbers it is 29 million times 450 MPs, which means the total sum of Uganda Shillings is estimated around 13,050 million or 13 billion and 50 million shillings or 13,05 billion shillings. If you convert it into United States Dollars or USD it is the $ 3,596,073 or 3,5m USD. For one single bill is an amazing amount of monies spent on it. Even when it is as unpopular as it is.

That the National Resistance Movement, the President and his whole regime is hellbent on it. That they can afford to spend this all of a sudden, but uses years for getting the Cobalt Machine to Mulago. Are lacking medicines in the hospitals, are having schools without roofs and equipment. Teachers without salaries, nurses without the same and so on. There is clear lack of understanding what is important. The citizens and their needs is second hand or even left over contraband. While the Presidents own life and will are the most important.

That President Museveni is so God-Damn important is beneath me, but at this point it is natural. That his vision and his lifestyle is more important than anything else. Therefore, making sure he gets life presidency, seems like the most important. That is nothing else matter. President Museveni proves it, when he can spend 13 billion shillings or 3,5 USD in one big blow. He has no problem blowing the bank or bankrupting the economy. If it fits his lifestyle and his paradigm. If this will create inflation or making the currency lose value. So be it, he is still the king and stays king. Nakasero Hill, Entebbe and all the other estates are still his. He will still be the Executive and Commander-in-Chief, even if his state is in shambles. Seems like he will risk it all to get the last dime and get the last breath in office.

The republic is a tool for him and his life. Nothing else, the citizens needs is left to chance. There is noting at this point that proves that he cares. 29 million shillings to try to persuasive the constituents is a far-fetched plan. There is no project to offer and no promise that hasn’t been given by this administration. They have seen the winds, the rains and the droughts. They have seen the peace and the war. They have seen the inner-turmoil and the killings of leaders so that the NRM could live on. There isn’t anything they haven’t seen, there is nothing left to give. Since it hasn’t been given now and they have had 31 years to do so.

NRM and Museveni has had their time, but still trying to push blood out of a stone. They can keep knocking at the rock, but nothing will come out. If they say so, then they are either forging a miracle or lying out of their teeth. The same can be said about the whole Age-Limit scenario that they are creating for themselves. Peace.

Opinion: Dr. Eukuru Aukot on the ballot for 26th of October Elections is not the solution!

 

“If the journey has become too tough for him, he can relax” – Uhuru Kenyatta at Voi Stadium attacking Odinga (11.10.2017)

I do not know what runs through the brilliant minds of Jubilee Party in the aftermath of the withdrawal of National Super Alliance candidate Raila Odinga and Stephen Kalonzo Musyoka. I do not know if the Uhuru Kenyatta and William Ruto has considered the implications of their behavior, even of the consequences as mere fact. That they was calling NASA cowards and blaming him for pulling out. Like it was the God given right for one those two compete.

The growing numbers impresses me and people on the streets demonstrating, as James Orengo, called for daily demonstrations next week against the Independent Electoral and Boundaries Commission (IEBC), the IEBC is a sinking ship. Still, the captain and leadership still does not seem to feel the water coming through the cracks of the ship and soon running up to the deck! We can wonder if they see what is happening and if there are any signs of reflection on their behalf. Clearly, at this point it is none or very little.

Dr. Ekuru Aukot of the Thirdway Alliance is not the solution to the fatigue and the blatant disregard for electoral reform and institutional change inside the IEBC. He is just a mere pawn in imaginary fairytale made by the High Court. Therefore, to settle the gazette election of September, so that it is still is officially a go. Even though the candidate of NASA and the main opposition are out of the picture.

What is funny and also tragic is that after this ruling today, both IEBC and Jubilee has appealed the decision to let Aukot be the second on the ballot this 26th October, it is like them both know that this move will not make the process legitimate. They need NASA and Odinga on the ballot to make it seem feasible. Even Aukot has come out and said he will not be running in an election, which is not free and fair, also not credible. In the circumstances make it also so more incredible. That the IEBC been able to create this havoc and this sort of charade, that even a third party says: “we will not be pawn you need”. It is fantastic, but also sad, because the Kenyans still do not have the leadership inside the IEBC or the state to find a proper solution to the stalemate.

This while the Anti-IEBC demonstrations are growing in size and power. The NASA leadership are really generating bigger and bigger crowds. They are showing force and will. The people wants reforms and credible elections, by an electoral body they can trust! Certainly, at his very moment the IEBC and Jubilee motives are not trustworthy. That is why it is so rare that they want to appeal the High Court decision to add the Thirdway Candidate!

Chairman Wafula Chebukati and CEO Ezra Chiloba must wonder how they can settle this, as the IEBC is in a pickle and a stalemate. Between the will of the Jubilee and the reality of both court orders and their legal boundaries. Even if the National Assembly voted for amendments today, they will be challenged in the courts, as the timing and the precedence and provisions they put – are mildly speculative in favor of the ruling party.

For now there are no winner, Aukot is neither one, even if he suddenly resurrected to prominence today. Still, the stalemate is not settled and will not be for some time. Because the state and IEBC has been reluctant to change. They have clear that they will not be muffled with, even if the Supreme Court nullified the recent quest to get Kenyatta a second term.

That Kenyatta continue to blast Odinga is just self-serving and indulgent. It does not benefit the Kenyan people, neither his supposed electorate. Since they are not getting a fair test of democracy, if it continues as it does. It is as if Kenyatta shatters his own glass and blame Odinga for doing it. It is sort of the tale of his presidency; it is always someone else’s fault, not the President himself. If it was corruption, it was at the ports and not in the state house. If it was problems, it was NASA who did not comply, not that his legislation or his provisions was any good.

Therefore, we are back into a tale-spin, where the revealing character of the people in the circle of Jubilee and the IEBC will reveal themselves. If they are for rigging and for electoral malpractice. Just for the sense of safety and stability or if there are someone who cares about credible elections, that elects legitimate government. We will see what will be served, but do not expect the plate to serve quickly. The Jubilee and IEBC seems more interested in self-serving, than in due diligence. Peace.

Opinion: The MP’s who support the removal of the Age Limit should fear their constituents!

Some Members of Parliament are in fear following the hostility in their constituents over supporting removal of Age Limit. “I was almost Embarrassed in some of the meetings as people accused me of taking money and trying to change the Constitution” (NBS Television, 10.10.2017).

There have been stories of Members of Parliament that has been chased away, they have been booed during speeches in their constituencies. This is the price they pay against an unfavorable bill, the consultation price with their already steady payment structure. Should worry anyone who cares. They are seeing the real emotions around the proposed change of law.

It isn’t a fairy-tale, it is more like the MPs actually see the real feelings of hardship and they are tired of the central government lies. They cannot stomach it anymore, they have seen it all before and heard it all before. Nothing is new, it is just yet another thing for one-man to rule. Like he is the only one. Certainly somewhere in the villages is a brilliant mind who can rule as well as him or have the mental capacity to get advice and reign. The Commander-in-Chief wasn’t made only for man, even if the National Resistance Movement speak of it like that. That is because President Museveni have learned them that and they comply.

The NRM MPs and the others who eats the 20 millions shillings for the consultation and spend the time discussing the law. Should know there will be answers from the public. Their name will be tarnished and their persona will be put in question. We will all know that they mind and heart is for trade, their soul has vanished into the pockets and guilds of Museveni. They have nothing left to share to planet earth, they are only useful twits for the President.

That is what we will know of the ones who eats the monies and who works favors of the President. They will not be respected, not be honorable, they will be useful props to the existence of Museveni. There will be nothing left of these suits, they are used and ready to be dumped. Just like the ones who abolished the term limit. The same will happen to these, they are just pawns on the table, while the king stays the king.

Will, these MPs actually represent their constituents or will they just represent one-man and his vision? Aye? What say you MPs of the August house on Parliament Avenue in Kampala? Peace.

Opinion: Odinga’s withdrawal is a brave step hopefully towards a new beginning!

Raila Odinga and Stephen Kalonzo Musyoka decision to pull out of the Fresh Elections of 26th October 2017. Proves character, proves swagger and belief that the vision of a conducted free and fair elections under the current leadership of the Independent Electoral and Boundaries Commission. Who is preparing just about a similar election as the one made on the 8th August 2017. There is lacking or no proof of any significant change after the annulment of the previous enterprise. Just a few mere small changes, that could be seen as insignificant by anyone.

Then also has the Jubilee Administration together with the IEBC undermined the efforts of changing the organization and the electoral body. It is insane to use the same companies to service the same sort of arrangement and believe that results be different. The lack of transparency and accountability for the missteps of August is proven. Instead they been steady pumping without any disregard of the consequences. They have not been listening or even showing any progress. The talks been facade and play for the gallery, as they want to stall for time. So that the National Super Alliance (NASA) would be again put in a corner and again has to petition the elections to the Supreme Court.

Uhuru Kenyatta might celebrate today, even Deputy President William Ruto, but if they do, they are foolish and ignorant to the fact. The mere election of 26th October is another front and not a real election. Since the competition is not there, there we’re two candidates on the ballot and now there are one. Certainly, this should be seen as a slap in the face of the incumbent President. The race towards 26th October has suddenly stopped.

We just have to wait and see if the NASA also writes to notify the IEBC. That is they obliged by law. But the Press Conference and officially withdrawing in public. Should really rattle the cage of the IEBC. Since their plan of same procedure should silence that. That the Jubilee throws shade and says it just continues is foolish. Because its not just to continue as usual.

That IEBC Secretariat has a hard battle to just continue and finish this one. That Chairman Wafula Chebukati and CEO Ezra Chiloba have to decide what they do, since the IEBC has not clean hands. They have to wash them and also find another soap. The soap and the water they are using is far from clean. Therefore, IEBC has to change guards and reform to become trustworthy.

Following the withdrawal of the NASA presidential candidate, the Commission and the legal team are meeting and will communicate way forward” (IEBC, 10.10.2017). We can just wait and see if the IEBC finds their way, if they will just announce Kenyatta or they will re-issue and actually try reform the electoral body.

Now is the time, his bravery is shown and now is the time for IEBC to step up their game. The cards are in play, Kenyatta is not yet the winner and neither is the date of 26th October put in stone. Since the law and the Electoral Codes has to be followed, by those provisions that are there. Peace.

Ethiopia: The Economy is struggling, not a rising lion as previously forecasted!

For as long as I can remember there gone stories of the amazing rise of the Ethiopian economy, the financial markets and the outputs out of this world. Where the money would grow ten-folds within minutes of its arrival. Like a mirage the number’s must have appeared in front of our eyes and stories that, we are told over the recent years. The Ethiopian powerhouse and the serious contender with Nigeria and South Africa. With their railways, banks and development projects, the powerful dam and all the others. It must have been a ride for the Ethiopian People’s Revolutionary Democratic Front (EPRDF), Prime Minister Hailemariam Desalgn, must be so proud of his achievement.

Why I say that, because a booming economy does not do this:

“Ethiopia and World Bank have signed a 1.3 billion dollar grant and loan agreement to enhance equitable services and reduce food insecurity. The agreement was signed by Abraham Tekeste (PhD), minister of Finance & Economic Cooperation (MoFEC) and Carolyn Turk, World Bank’s country director for Ethiopia, Sudan, and South Sudan” (All Africa, 2017).

So when a booming economy, that has such magnificent rates and growth prospects should not and no need for extensive borrowings from the World and subsidiaries, to say they need so is a lie. The debt and the international support for projects and food security is not a sign of a sound and strong economy. More of the latter if I beg to differ. On that, alas the recent weeks has proven this. World Bank was ushered in the end of September, but it is now cash-crunch time.

Not the jolly Captain Crunch, but the credit is due.

“Ethiopia will devalue its currency to attract foreign investment and close the gap in foreign trade, President Mulatu Teshome said at the opening of the bicameral parliament on Monday. He said his government is faced with a serious shortage of hard currency and export trade has dwindled in last three years. Mulatu said major projects like the construction of railway and universities will not be carried out this budget year due to a serious shortage of finances” (ESAT, 2017).

The seriousness is there and it is bleak, when the President Teshome shows up and spread enlightenment to the world. That the economy is fragile and not at its peak, is clear when all the prestige and the giant projects are now put on hold until further notice. Clearly, the financial strains have hit the economy, as well as their exports has given them less hard currency.

It does not go well, when just days ago, when this hit the fan as well:

Double-digit inflation keeps threatening the macroeconomic conditions of the country as the headline inflation rate hit 10.8pc last month, according to the Central Statistical Agency (CSA)- the highest since October 2015. It is in contrary with the target of the government in the second edition of Growth & Transformation Plan (GTP II) to keep inflation in a single digit. The hike in the price of cereals such as teff, maize, wheat, barley, beans and sorghum coupled with holiday-driven price upsurge is the primary reason for the inflationary pressure last month, keeping the food inflation stagnant around 13pc.“As September is a time of multiple holidays, it is believed to influence the increase in the inflation rate,” the report of CSA reads” (Berhane, 2017).

That the cash crunch and the double-digit inflation hits the Republic is not a good look. The proof of the currency value falling, lack of hard currency and new Multi-National loans proves that the Financial Sector and Financial Institutions are strained. There is nothing more to give, it is just bones and not meat. It is just a matter of time before the boiling bones gives no taste to stew as well!

In addition, you the economy is bonkers when their agency spread out this sort of tales, at the time the devalued currency is told to the public on other platforms.

This is from the Ethiopian News Agency:

“The diplomats, who observed the government’s direction at the joint session of the parliaments, whom ENA has talked to also forecasted the country`s economic growth to be amplified in better manner referring the current stability of the nation. Ambassador of Bangladesh to Ethiopia Monirul Islam said the growth that Ethiopia’s economy has witnessed was ‘wonderful’ despite the drought and other problems. “It was 10.9 percent and this year I hope it will be more than that because there is a good rain, everything is good, the state of emergency has been lifted and everything is normal”. “So I think the economy should perform better especially in the agriculture sector as well as in the industry sector”, he pointed out” (ENA, 2017).

I do not know if Ambassador Islam lives in alternative reality or trying to sugarcoat the situation of the dire economic state that the Republic is facing, but it makes good propaganda for the ones who still want the fantastic picture spread around the globe. That the Ethiopian economy is sound and still growing. However, it is hard to grow when you lack currency, you have growing inflation and you are borrowing more funds. I do not know, which economy or financial system that it works splendid in. Certainly not this one.

In addition, the news of the financial rising tiger or lion of Ethiopia has been a mirage, a fraud and play for the world to see. At this stage and in time, it is far from it. The Ethiopian economy is plummeting and at amp speed. If you eat up the crap the ENA serves you, it must certainly serve your kind, but it is not reality. The President even said so, the reports are striking and the added loans proves the dire state.

The ones who is the most hurt. It is the citizens who needs the hard currency to buy food and live, they are punished for the reckless care of the financial system. They are the ones who suffers, because of how the state decided to conduct their affairs. They are the ones who feels the inflation, the rising prices and still has to get by. It is not right, but that is how it is. The Ethiopian government should subsidize and make sure the people get enough. However, do not expect that. This is from the same government that sent Agazi squad to Amhara and Oromia to kill and destroy. They do not care, unless they have too or if it keep them in power. Peace.

Reference:

All Africa – ‘Ethiopia: World Bank Assents U.S.$1.3 Billion Finance to Ethiopia’ (30.09.2017) link: http://allafrica.com/stories/201710090243.html?utm_campaign=allafrica%3Aeditor&utm_medium=social&utm_source=twitter&utm_content=promote%3Aaans%3Aabljpw

Berhane, Samson – ‘Gov’t Sees Double Digit Inflation, Again’ (08.10.2017) link: https://addisfortune.net/articles/govt-sees-double-digit-inflation-again/

ESAT – ‘Ethiopia President Says Country is Broke’ (09.10.2017) link: https://www.tesfanews.net/ethiopias-president-says-country-financial-crisis/

ENA – ‘Diplomats Laud Economic Performance of Ethiopia’ (10.10.2017) link: http://www.ena.gov.et/en/index.php/economy/item/3814-diplomats-laud-economic-performance-of-ethiopia