BREAKING: “Iran enters the negotiations amid a complete lack of trust due to Washington's failure to honor its commitments & its betrayal of diplomacy”
- Iranian Foreign Minister Araghchi
I shall leave it to professionals in the field to undertake serious analysis and engage in rigorous debate on whether the macroeconomic reform policy announced by the government will improve or worsen Ethiopia’s economic crisis. However, one thing is clear even from a layman’s viewpoint: without improving security, any policy change is unlikely to produce the desired outcome.
For instance, increasing foreign direct investment (FDI) is said to be one of the main objectives of the policy change. However, it is hard to imagine foreigners willing to take the risk of investing when perhaps two-thirds of the country is unsafe due to ongoing civil wars. Similarly, boosting exports is presented as crucial for the success of this reform. Yet, many of our export items, such as agricultural products and minerals, are severely affected by the ongoing conflict. Hence, increasing both FDI flow and export volume will be unattainable without improving security.
The impact of the civil war in the two largest regional states is affecting not just economic activity within their borders but also impeding transportation of goods from relatively stable adjacent regions, as roads often pass through war-torn areas. Moreover, as these two regions surround the capital, the wars have been disrupting the flow of goods into and out of the industrial and financial hub.
Therefore, as fiscal policy reform alone is insufficient to revive Ethiopia’s economy, it is essential for the government and its creditors to prioritize restoring security by addressing and resolving the ongoing armed conflicts.
What was today`s Nekemte shindig about?
1. It is proof positive that PM Abiy knows but cannot stand the fact that he does not have any public support. A government confident in its public support will not need to waste resources to desperately fill seats by coordinating its cadres and bribing the poor.
2. It was done to signal to the Amhara that, this is an Oromo government, and to spew hate between these communities. Among very cheap remarks the PM made today in this regard: He asked “How did those who are immoral subjugate us for the past 100 years?”, and said, “The enemy now knows what the Oromo government can do.” The immoral and the enemy are references to Amhara’s past and present elite respectively.
#Oromia #Ethiopia
#Ethiopian_Airlines inaugurates #Africa's first E-Commerce logistics hub
Ethiopian Airlines inaugurated a $55 million e-commerce logistics facility today in Addis Ababa, the first of its kind in Africa. According to the airline, the specialized warehouse is dedicated solely to e-commerce goods, mail, and courier services.
"The inauguration of this specialized warehouse will revolutionize the industry in the African continent and position Addis Ababa to be the cross-border e-commerce logistics hub for Africa and beyond," Ethiopian Airlines said.