By Solomon G.S. In today’s Ethiopia, not only are the liberties of citizens trampled by the regime, but the rank of the destitute is increasing at a high rate. It is simply impossible for a citizen of the country to think that they have inviolable rights as human beings, that their moral worth and dignity
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AFP- Value produced by the average worker in some African economies corresponds to just 2% of that generated by their equivalent in developed countries. In countries like Ethiopia, despite broader economic growth, most families are still stuck in poverty. (Photo Alex Gwidt/flickr). THE planet’s poorest nations like Ethiopia, Malawi and Angola have failed to cash
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FT-Ethiopia could be the latest African country to tap international bond markets for the first time, after mandating Deutsche Bank and JPMorgan to take it on a roadshow to meet investors this week. Ethiopia is one of the poorest countries in the world, with a gross domestic product per capita of just $1,240 (adjusting for
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Ethiopia has not been a good example over the decades despite priding itself of not having been colonised. DEVELOP ME WITH TAPIWA GOMO There are number of reasons why the world may not have fairly judged Ethiopia, some of which include the 1984 drought, the incompatibility of their governance to those of the generally acceptable
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Reuters (The following statement was released by the rating agency) PARIS/LONDON, November 07 (Fitch) Fitch Ratings has affirmed Ethiopia’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘B’. The Outlooks on the Long-term IDRs are Stable. The Country Ceiling and the Short-term foreign currency IDR are both affirmed at ‘B’. KEY RATING DRIVERS
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This annual list of the most prosperous countries in the world is prepared by the Legatum Institute. The Legatum Institute’s 2014 Prosperity Ranking 1 Norway 2 Switzerland 3 New Zealand 4 Denmark 5 Canada 6 Sweden 7 Australia 8 Finland 9 Netherlands 10 United States 11 Iceland 12 Ireland 13 United Kingdom 14 Germany 15
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By Seid Hassan, Minga Negash, Tesfaye T. Lemma and Abu Girma Moges Determining the sustainability of a developing country’s public debt is a challenge. This is because most developing countries in general and Sub Saharan Africa (SSA) countries in particular face an undiversified export base, a large share of agriculture in GDP (which itself is
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By Tsehai Alemayehu Whether or not Ethiopia’s external debt is growing too fast and too large has become an emerging topic of conversation among many observers. While the government is seeking to tap any and all sources of financing domestic and foreign, observers argue that the country needs to be very careful about acquiring any
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By Tsehai Alemayehu Whether or not Ethiopia’s external debt is growing too fast and too large has become an emerging topic of conversation among many observers. While the government is seeking to tap any and all sources of financing domestic and foreign, observers argue that the country needs to be very careful about acquiring any
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By Daniel Teferra* Governments in rich as well as poor countries borrow money from domestic and international markets. In rich countries, government borrowing stimulates the private economy. It creates jobs, raises incomes and improves standard of living of the majority of the population. However, in poor countries, government borrowing does not generally produce the same
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