Ethiopia's foreign exchange reserves in 2023 are only expected to cover 0.6 months, or 18 days, of international purchases, according to the International Monetary Fund (IMF).

Image
  Ethiopia's foreign exchange reserves in 2023 are only expected to cover 0.6 months, or 18 days, of international purchases, according to the International Monetary Fund (IMF). Ethiopia's foreign exchange reserves are only expected to cover 0.6 months or 18 days' worth of foreign purchases in 2022, according to the IMF's most recent report on global economic growth and status. It is also expected that this situation may deteriorate in 2023. Ethiopia's foreign exchange reserves in 2023 are only expected to cover 0.7 months, or 21 days, of international purchases, according to the International Monetary Fund (IMF) . Consequently, in the year According to the organization's projection, Ethiopia will only have enough foreign exchange reserves to cover purchases for 0.6 months. Ethiopia's average yearly foreign exchange reserves for the previous five years are shown by the same IMF statistics. In 2021, there were sufficient foreign exchange reserves to pay for ...
Post a Comment

An Ethiopian Captive by Houthi Rebels


 An Ethiopian Captive by Houthi Rebels

Ayenachewu mekonen, an Ethiopian technician working on a Saudi cargo ship, was abducted by Houthi rebels a few weeks ago.

His family is worried about his current situation and his safety.

On Sunday, December 24, 2022, a cargo ship carrying the Saudi Arabian flag, the Rawabi, was intercepted by Houthi rebels en route from its capital, Sokoto, to Saudi Arabia.

One of the 11 crew members we saw was an officer.

His sister Frehiwot Mehari told the BBC:

"... He called his wife and told her that he had been kidnapped by a group of Houthis. He told her that seven of them were Indians and that the government was working to free them and explain their identities.

his wife went to the Ethiopian Ministry of Foreign Affairs and asked the ministry to prove his identity and that he had no role other than that of a ship technician.

Despite going to foreign affairs, his wife was told that Ethiopia did not currently have an embassy in Yemen and he could not be found in government prisons in Yemen.

He also said that for the second time on January 8, 2022, during a phone call to his family, he was abducted by gunmen and taken to a new location by unknown assailants. "We saw that it was a hotel," he said.

@Hilinasolom

Comments

Post a Comment

Popular posts from this blog

Ethio Telecom CEO Frehiwot Tamiru reported on the company's 6 months performance today

Image
  Ethio Telecom Report: Ethio Telecom CEO Frehiwot Tamiru reported on the company's 6 months performance today. According to Ethio Telecom: •  It is said that it made a profit in 6 months. • Earned a total of 28 billion birr in 6 months. This is 86.4 percent of the plan; Compared to the previous year, it grew by 6.7 percent. • Received $ 74.8 million in foreign exchange earnings; Achieved 89.3 percent of the plan. • Announces service disruptions  to 3,473 mobile stations, towers due to war, conflict. As a result, it has lost 3.67 billion birr in six months. • A total of 328.9 million birr has been spent to replace damaged and war-torn areas and to restore services. Ethio Telecom announced that there are currently woredas in various areas, including Tigray State which are not functional yet. SHe said the condition of the telecom infrastructure in the area could not be ascertained. She apologizes to all customers who have experienced service interruptions. Info: Sheger FM 1...
Read more

The African Union extends an invitation to the Tigrayan government to take part in peace negotiations beginning on Sunday in South Africa.

Image
  The African Union extends an invitation to the Tigrayan government to take part in peace negotiations beginning on Sunday in South Africa. The President of the National Regional State of Tigray Debretsion Gebremichael received a letter from AU Commission Chairperson Moussa Faki inviting his administration to meetings held as part of the current AU-led peace process for Ethiopia.the letter states that the parties will discuss the guiding principles, agenda items, modalities, format, and dates for the negotiated solution in order to build the groundwork for a structured and ongoing mediation.  Olusegun Obasanjo, the AU's High Representative for the Horn of Africa, would mediate and lead the peace negotiations, according to the chairperson of the AU Commission, with the assistance of a group of illustrious and accomplished Africans. In a letter to Debretsion Gebremichael, the president of Tigray, Moussa Faki stated, "While appreciating your proclaimed commitment to peace and ...
Read more

From Getachew Reda member , central command , Government of Tigray

Image
 from Getachew Reda two consecutive tweets earlier today  AbiyAhmed’s treasonous army has been repeatedly making desperate attempts to take back positions in #NorthWollo that it had lost roughly 37 days ago CV only for it to lose tens of thousands of troops and materiel. Its repeated efforts to make so much as small dent in our defense lines fizzled out 3 days ago with our forces managing to pursue retreating enemy units all the way to the outskirts of Waldiya. Now that #AbiyRegime’s repeated counter-offensives in this front have been effectively thwarted & the regime has now fully handed over its resources to #IsaiasAfeworki, our forces are being redeployed to better confront head on threats elsewhere and reverse the second round of genocidal campaign waged by the twin tyrants in the Horn. #TigrayWillPrevail!margi"> If there is a common thread running through testimonies of Eritrean POWs, it’s the claim that they are persuaded/forced to assume that their fora...
Read more