Tag Archives: Recipe for disaster

Ethiopia’s economic & financial crisis worsening, more gold is sought to rescue the TPLF regime: It’s time for the nation to say NO!

6 Nov

Posted by The Ethiopia Observatory (TEO)
by Addis Fortune
Officials at the central bank have moved today reducing the minimum volume of gold the National Bank of Ethiopia (NBE) receives from artisanal miners by three folds, to 50 grams.

Teklewold Atnafu, Governor of the central bank, told parliament’s standing committee on Budget & Financial Affairs, his desire to see a boost in gold production and wants to motivate over 1.5 million artisanal miners in the country. He appeared before members of the Standing Committee, reporting on the first quarter results of the Bank.
Continue reading

Addis Ababa house demolitions indicate TPLF resumption of municipal expansion, risk restarting anti-government protests in Ethiopia’s Oromia

28 Feb

Posted by The Ethiopia Observatory (TEO)
IHS Jane’s Country Risk Daily Report,  
More than 300 homes were reportedly demolished by civic authorities in the Nifas Silk-Lafto sub-city of Ethiopia’s capital, Addis Ababa, amid unconfirmed claims of heavy gunfire in the neighbouring Bole sub-city on 23 February.

Foreign-based opposition media reported that the affected homes are in areas disputed between the Addis Ababa city administration and the Oromia regional state government. Ethiopia is currently under a state of emergency, declared in October 2016 and scheduled to end in April, in response to violent anti-government protests during which government and commercial assets in the Oromia and Amhara regions were burned and vandalised.

The demolition of homes by the Addis Ababa city administration and the expropriation of land claimed by the Oromia regional state government remains a trigger for anti-government demonstrations, as shown by the protests against the Addis Ababa Integrated Master Plan from December 2015 to January 2016.

%d bloggers like this: