Tag Archives: worsening situation

COP21: Ready or not, drought tests Ethiopia, while regime’s cover-ups contradict naked reality of hunger building mini palaces @$1.3 mil each for retiring senior officials

27 Nov

Editor’s Note:

Trying to change the image of famine that has become Ethiopia’s marker is understandable and noble. Thus locking the gate on drought and famine once and for all with modern drought-resistance agriculture and improved human capabilities is reliable solution; today or tomorrow it is the right answer, not covering it up with lies and shenanigans. That is why today’s TPLF approach solely propaganda is unacceptable.
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Panel names Ethiopia one of top sources for illicit financial flow

15 Feb

Posted by The Ethiopia Observatory (TEO)

    “These outflows are facilitated by the establishment of shadow financial systems such as tax havens, secrecy jurisdictions, disguised corporations, anonymous trust accounts and fake foundations, as well as trade mis-pricing and money laundering techniques,which enrich certain individuals at the expense of the great majority.”

    Illicit financial flows: why Africa needs to “track it, stop it and get it”

A high level panel delegated by the African Union (AU) and chaired by Thabo Mbeki, the former president of South Africa, has found Ethiopia to be among the top African nations in terms of being a source of illicit financial flows (IFFs), most of which makes ways to the developed world.
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