MinBane

Helt ute av sporet (Okumala ekigwo okulyaku kya okuziga)

Archive for the tag “Federal Democratic Republic of Ethiopia”

Opinion: The Ethiopian Financial Market is plummeting…

The Ethiopian People’s Republic Defense Force (EPRDF) Prime Minister Hailemariam Desalegn have ordered to fix economic problem the government has. EPRDF has been hailed for their financial growth, but with this sort of news. You know the growth and the reality is far from the truth. Ethiopia News Agency: “International Consultant of Trade, Investment and Economic Development, Dr. Taffere Tesfachew said on the occasion the fact that African countries are performing better than the global average is testimony to how far Africa is coming over the decade. He noted that the economic growth of countries like Ethiopia and Ivory Coast is highly impressive at this time when other African countries are struggling with one or two percent growth” (ENA, 2017).

So I have to question the economic growth, as the Forex Woes and the remittance from the diaspora are proving otherwise. Together with the need of more foreign aid to solve the famine of the drought. So the World Bank clearly knows the troubles of the Ethiopian government since they did this:

The World Bank today approved a $600 million International Development Association (IDA)* grant to support the Government of Ethiopia’s vision of building a national safety net system to provide effective support in chronically food insecure rural areas, including providing cover during droughts. The Rural Productive Safety Net Project (RPSNP) supports the evolution of the Government’s umbrella Productive Safety Net Program (PSNP) that has been in operation for the last 12 years and is one of the world’s largest safety net programs in the world. Run by the Government, the PSNP pools money from 11 donors, including $600 million of World Bank Group IDA funds. The PSNP provides regular cash or food transfers to 8 million people; currently 4 million of them are in areas affected by the ongoing drought. Its food-for-work component supports public works programs related to landscape restoration, irrigation, and agro-forestry” (World Bank, 2017).

So, when the World Bank gives this as a support of the government. You should take it serious and know the problems of the state. The need of financial support and to make sure drought doesn’t affect the starving citizens. EPRDF are doing badly and now the Forex Companies has to pay of the National Bank of Ethiopia (NBE) for the debt to Enterprise in Djibouti. Look!

Foreign Forex Woes:

The directive of foreign currency allocation entails all banks must sell foreign currency to a sector whose importance is very high. The banks are required to give priority to payments authorized by the central bank such as foreign loan, supplier’s credits, interest, profit, dividend and excess sales of foreign airlines. Hence, all banks are required to sell the currency collected from importers, although the current direction is high, according to a banker with almost two decades of experience. “Even though I agree with the fact that we shared the responsibilities with CBE,” said one of the vice president of a mid-sized bank. “But requesting such amount of Forex in a short time might lead to crisis.” Yohannes Ayalew (PhD), vice governor and chief economist of the central bank, disagrees. “It is a collective responsibility of all banks whether the call was quick or not,” said Yohannes. “There is no reason to ask CBE to cover all the payments.” The Forex shortage in the country has been haunting the country for years. Prime Minister Hailemariam Desalegn, in his press conference with local media nine months ago, admitted that the Forex crunch would last for the coming two decades” (Addis Fortune, 2017).

NBE Directive to pay of debt to Djibouti:

National Bank of Ethiopia (NBE) gave order to private banks in Ethiopia to pay the 15 million USD bill the Ethiopian Shipping Logistics Services Enterprise (ESLSE) to Djibouti’s company. The banks are, according to Fortune, given 3 days to sell the foreign currency to the Enterprise. The order is said to have come when the entire country is in short of foreign exchange. The shortage came following the drop in the country’s export performance and remittance earnings. ESLSE owes the money to the port of Djibouti and the central bank gave the order for every bank including the government owned Commercial Bank of Ethiopia (CBE)” (Addis Fortune, 2017).

Beset by the ever expanding informal channels of remittance, Ethiopia may continue to grapple with shortage of hard currency unless swift and collective measures are put in place, ‘Scaling up Formal Remittance to Ethiopia’ report discloses. A billion dollar transaction takes place via informal channels with 78 percent of the total remittance passing through informal networks in Ethiopia. Some experts believe that the transfer of money through unregulated channels will also likely result in illicit financial flow and dealings. The seizure of 541,659 USD around Harar is a recent indication of informal corridors of hard currency. Informal channels happen to be lophooles for global terrorism and corruption. It will open doors for illegal activities, people may use it to collect huge sums of money for their own dangerous causes, says Ethiopian Financial Security Director General Gemecu Weyema” (Gebrehiwot, 2017).

All of these articles proves the problems of the National Bank of Ethiopia (NBE) and their lacking foreign exchange. This has become a problem as the remittance hasn’t come through the formal channels, as the informal economy are big in Ethiopia. Together with drop of foreign exports that has also hurt the amount of exchange.

Clearly, the government of Ethiopia has a bigger problem that they want to reveal, as the NBE and the Foreign Exchange is plummeting. Therefore, the need at the same time for World Banks loans. Shows the dire situation of the economy. It is not like the Ethiopian News Agency would speak ill of own government and their policies. Since, the propaganda of own growth are more important, than actually telling about the weakness of the economy. This is a reality since the financial policy of Forex Exchange is in favor of the NBE.

This can also make it more profitable to for an informal market, instead of in the open market. The Ethiopian government really needs foreign exchange to pay of debt and use all their means. Instead, they are trying to cover-up their troubles, as they have debt to Enterprise in Djibouti and have troubles with the famine caused by drought. Peace.

Reference:

Addis Fortune – ‘Ethiopian Government Orders Private Banks to Cover ESLSE Forex Needs’ (12.09.2017) link: https://www.ezega.com/News/NewsDetails/4679/Ethiopian-Government-Orders-Private-Banks-to-Cover-ESLSE-Forex-Needs

Addis Fortune – ‘Ethiopia: NBE Ordered Banks to Cover ESLSE’s 15 Million USD Bill’ (13.09.2017) link: http://www.2merkato.com/news/alerts/5220-ethiopia-nbe-ordered-banks-to-cover-eslses-15-million-usd-bill

Ethiopia News Agency – ‘Gov’ts Need to Act Together to Achieve Economic Success: UNCTAD 2017 Report’ (14.09.2017) link: http://www.ena.gov.et/en/index.php/economy/item/3705-gov-ts-need-to-act-together-to-achieve-economic-success-unctad-2017-report

Gebrehiwot, Desta – ‘Ethiopia: Informal Channels Raise Red Flag On Forex Earning’ (14.09.2017) link: http://allafrica.com/stories/201709140729.html

World Bank – ‘World Bank to Help Ethiopia Build a National Safety Net System as a More Effective Response to Droughts’ (14.09.2017) link: http://www.worldbank.org/en/news/press-release/2017/09/14/world-bank-to-help-ethiopia-build-a-national-safety-net-system-as-a-more-effective-response-to-droughts

Advertisements

ONLF Press Release: Disinformation about Abdikarin’s refoulement to TPLF-led Ethiopian regime by the Somali regime of Farmajo (02.09.2017)

Drought-stricken herders in Ethiopia need urgent support (11.08.2017)

Pastoralist communities are facing huge losses of livestock.

ROME, Italy, August 11, 2017 – Supporting herders to get back on their feet and preventing further livestock losses and suffering are crucial in drought-hit Ethiopia where hunger has been on the rise this year, warned today the Food and Agriculture Organization of the United Nations (FAO).

Drought has devastated herders’ livelihoods as it exhausted pastures and water sources, leading to a significant number of animals dying or falling ill, particularly in the southern and southeastern regions of the country as other areas recover from previous seasons’ El Niño-induced drought.

Drought-hit pastoralists face reduced milk production, rising malnutrition, and have limited income-earning capacity and severely constrained access to food.

Some 8.5 million people – one in 12 people – are now suffering from hunger; of these, 3.3 million people live in Somali Region.

The current food and nutrition crisis is significantly aggravated by the severe blow to pastoral livelihoods. For livestock-dependent families, the animals can literally mean the difference between life and death, especially for children, pregnant and nursing women for whom milk is a crucial source of nutrition.

With up to 2 million animals lost so far, FAO is focusing on providing emergency livestock support to the most vulnerable pastoralist communities through animal vaccination and treatment, supplementary feed and water, rehabilitating water points, and supporting fodder and feed production.

“It is crucial to provide this support between now and October – when rains are due – to begin the recovery process and prevent further losses of animals. If we don’t act now, hunger and malnutrition will only get worse among pastoral communities,” said Abdoul Karim Bah, FAO Deputy Representative in Ethiopia.

By providing supplementary feed and water for livestock, while at the  same time supporting fodder production, FAO seeks to protect core breeding animals and enable drought-hit families to rebuild their livelihoods. Animal health campaigns will be reinforced to protect animals, particularly before the rains set in, when they are at their weakest and more susceptible to parasites or infectious diseases. FAO-supported destocking and cash-for-work programmes will also provide a crucial source of cash for families.

Funding appeal

FAO urgently requires US$ 20 million between August and December to come to the aid of Ethiopia’s farmers and herders.

FAO has already assisted almost 500,000 drought-hit people in 2017 through a mix of livestock feed provision, destocking and animal health interventions, thanks to the support of the Ethiopia Humanitarian Fund, Switzerland, Spain, Sweden through FAO’s Special Fund for Emergency and Rehabilitation Activities, the United Nations Central Emergency Response Fund, as well as FAO’s own Early Warning Early Action fund and Technical Cooperation Programme.

South Sudan: Entebbe Declaration on the Operationalization of the Arusha Agreement on the Reunification of the SPLM (27.07.2017)

South Sudan: SPLM/A-IO claims the TGoNU are “Forum Shopping” the Peace Process (27.07.2017)

Ethiopia hit by a new strike: the ‘Anti-Tax Strike’ in Amhara and Oromia Region!

Again, has the TPLF and Ethiopian People’s Revolutionary Democratic Front (EPRDF), the Central Government from Addis Abeba has made decisions to hit the Amhara and Oromia Regions. This time not only with arrests and detaining people who are protesting. At some levels they sent soldiers and Aghazi squad to assassinate protesters. So now they have levied extra taxes because of the cost of the military expenses in the region. Which is offensive as the Central Government are already oppressing them with guards and bullets, now they will target these civilians with higher taxes. This is shutting down the profits and businesses. Therefore, the Anti-Tax strikes are reasonable, as it is an open-air theft of the labor and enterprising people of the Oromia and Amhara. Just take a look!

The new government proposal to boost the tax base and raise much-needed government revenue is facing different forms of protests in the country, especially in Oromia region” (Dahir, 2017).

The Addis Standard newspaper says that last week residents in one city, Ambo, damaged two state-owned vehicles, and this week businneses in other cities have shut in protest. The new tax is being levied on small businesses with an annual turnover of up to 100,000 birr ($4,300; £3,300) in an effort to boost the tax base and raise much needed government revenue. But the Addis Standard reports that business owners say tax assessors have over-estimated their revenue and are demanding too much”

Strikes have been reported in Shebel Berenta, Woreta, Dessie, Woldia while flyers calling for strikes have been distributed in a number of localities in north Shewa. As the strikes in the Oromo region have continued, Jimma Arjo district, 50 kilometers outside Nekemte has come to a standstill, according to reports reaching ESAT. The tax assessments on small businesses and vendors has faced push-backs by business owners who say assessors have overestimated their daily sales” (ESAT, 2017).

So the state, who has put the whole state under ‘State of Emergency’ last October 2016 are now targeting the rebellious regions and hurting them not only with the parts of their freedoms, but also their pockets. Just because the Central Government cannot act fair towards Amhara and Oromia, they have to sanction more taxes and pay for the security outfits there. The ones types of Police and Army that oppress and hurts the area. That is one of the reasons why the rebellion are there in the first place. If the government acted legit and was representative, then they wouldn’t need to reinforce and use Aghazi force to suppress the public.

With all of the measures done by the TPLF/EPRDF in Addis, they are not feeling the hurt or seeing the vicious attempt of governing. When the civilians are tormented and taken hostage by the army and police. Now they have to pay extra taxes to salve the government spending on these hostile forces. It is insane and shows the illegitimacy of their insurgency. They are like a foreign force in their own state and therefore, they act like it is suppress the regions a bit more. This time by the pocket, as their stolen liberty and freedom has already been taken. Like all the provisions in the State of Emergency, which take away most of the ordinary freedoms. They have even suspended dozens of papers and televisions stations. For long time taken away the telephone and internet to silence the information from the regions. So it is not like the State has not done what it can to suppress, this is one more measure in a long line of offensive moves by the EPRDF. Peace.

Reference:

BBC – ‘Ethiopia hit by anti-tax protests’ (22.07.2017) link: https://www.addistar.com/2017/07/18/ethiopia-hit-anti-tax-protests/

Dahir, Abdi Latif – ‘Ethiopia’s Troubled Oromia Region Has Been Hit with Anti-tax Protests’ (19.07.2017) link: http://onlineethiopia.net/2017/07/ethiopia-oromia-hit-anti-tax-protests/

ESAT – ‘Ethiopia: Anti-tax strike spreads to the Amhara region’ (21.07.2017) link: https://ethsat.com/2017/07/ethiopia-anti-tax-strike-spreads-amhara-region/

EPRDF (Ethiopian Government) to head the Media Forum at CAPP: Apparently, the Oppressors of Media running the show!

Isn’t this strange how the Ethiopian government get accolades and honors, the latest was this week in Niamey in Niger. What is special is that this one is about perception and about the profession of media. A profession that is dangerous to have in Ethiopia. In a country where journalists who writes articles are detained, editors detained and bloggers jailed. Two TV-Channels banned in 2016 during the ‘State of Emergency’ and other acts against the freedom of expression in Ethiopia. With this in mind, all of the detained journalists and bloggers in Ethiopia, the knowledge of this should been known by leadership and committee of Council of African Political Parties (CAPP). But they doesn’t seem to care, because if they did. The CAPP would know of the countless innocent citizens writing and spelling out the oppressive behavior of their government. Would see the light of day and not be incommunicado. The amounts of journalists who has been trialed and taken to serve time in prison. Also, the modern day bloggers who has gotten same ill-treatment. That is why this news of getting the lead in the Media Forum of CAPP. Just take a look!

Press Statement from ENA on CAPP:

Addis Ababa July 13/2017 The Constitutive Meeting of the Media Forum of the Council of African Political Parties (CAPP) held in Niamey, Niger, has elected the Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF) to lead the Media Forum. Council of African Political Parties (CAPP) is a non-governmental organization established by 47 African political parties representing 35 African countries in the constitutive conference held in Khartoum, Sudan, in April 2013. According to a press statement issued by EPRDF, the party’s representative at the meeting, Kebede Kassa, commended the confidence the political parties have shown on Ethiopia and its ruling party” (…) “The Media Forum is an organization for the media cadres of the African Political Parties to advance their profession through updated technologies, discussions on issues of interest and exchange of experiences, it was learned. On the occasion, Secretary General of Council of African Political Parties (CAPP), Dr. Nafie Ali Nafie explained the need for the establishment of the Media Forum to realize the objectives of the council. According to him, “the Media Forum should play to correctly introduce Africa instead of the negative perception regularly viewed in particular by the western media.” (ENA, 2017).

The government in Ethiopia cracks down on the media and wants it’s fist on it. They are repressive against uprisings and freedom of expressions. Therefore, the Ethiopian government and the EPRDF is not fit to lead the Party. The Media Forum of CAPP will not help the troubles and the ones in need in jail. That the Council of African Political Parties (CAPP) are not considering the implications of their leaders and heads of their Forums, since they have elected one that can easily silence and oppress its own. So it is like having tobacco producers to run cancer studies and efforts for better health, when everyone knows the causes of the extensive use of tobacco.

Like reports in mid-July the Government wrote to all media and ordered them if they we’re to mention the deceased Prime Minister Meles Zenawi in a sentence either as “Great/Visionary”. So this is a state who orders the news and controls the messages. If it doesn’t fit the EPRDF it will be silenced or detained. Therefore, how come these sort of people shall introduce the world to Africa, which is just wrong. CAPP should had the possibility to pick someone with a little less oppressive track-record on the media among their member parties. Peace.

Reference:

Ethiopian News Agency (ENA) – ‘EPRDF Elected President of CAPP Media Forum’ (13.07.2017) link:http://www.ena.gov.et/en/index.php/politics/item/3483-eprdf-elected-president-of-capp-media-forum

UN in South Sudan concerned about civilians fleeing clashes in Upper Nile (13.07.2017)

Reports from the UN International Organization on Migration (IOM) “suggest that Government forces are now approaching the town of Maiwut, 25 kilometres north-west of Pagak”.

WASHINGTON D.C., United States of America, July 13, 2017 – Thousands of South Sudanese civilians are fleeing to neighbouring Ethiopia as Government troops advance on a rebel stronghold in the Upper Nile region, a senior United Nations official today said, expressing grave concern about what is already the world’s fastest growing refugee crisis.

Reports from the UN International Organization on Migration (IOM) “suggest that Government forces are now approaching the town of Maiwut, 25 kilometres north-west of Pagak. I’m gravely concerned by this ongoing situation,” the Special Representative of the Secretary-General in South Sudan, David Shearer, told reporters from Juba, the capital.

He added that while it is unclear which side began the fighting, the military advance by the South Sudan forces “is not in the spirit of the unilateral ceasefire” declared by the Government in May.

Mr. Shearer said there has been “active military engagement” over the past week north of Pagak, and at least 25 aid workers have relocated in the area as a result of the insecurity.

The senior UN official, who is also the head of the UN Mission in the country, or UNMISS, also voiced great concern about an orphanage near Torit, south of Juba, surrounded by Government and rebel fighters who are preparing to fight.

“It’s unacceptable that 250 innocent children, and the people who care for them, find themselves in no-man’s land between the warring parties,” Mr. Shearer stressed.

Requests by UNMISS to access the Hope for South Sudan Orphanage have been denied “locally, on the ground.”

The Government forces central command in Juba yesterday gave UNMISS “the go-ahead to send peacekeepers to the orphanage. I’m hopeful that will happen today,” he added.

Mr. Shearer urged both sides to reflect on President Salva Kiir’s Independence Day message of peace and withdraw from the facility.

In addition to accessing the orphanage, a group of Nepalese peacekeepers have been sent to protect civilians and the UN base in Torit.

“The number of patrols we can undertake in the town will increase with the additional peacekeepers. In turn, that should provide more security and boost confidence,” said Mr. Shearer.

He noted that his deputy, Moustapha Soumaré, is travelling to Torit tomorrow and will report back.

South Sudan: Maj. Gen. Saki James Palaoko resignation from SPLM-IO to join National Salvation Front (NAS) – (12.07.2017)

The Political Opposition Forces – “All-inclusive negotiations toward a new agreement are essential to sustainable peace in South Sudan” (11.07.2017)

 

 

Post Navigation

%d bloggers like this: