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).

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  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
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Six people have been killed and several others injured in an accident at the entrance of an African Cup of Nations stadium in Cameroon


 

January 25, 2022

Six people have been killed and several others injured in an accident at the entrance of an African Cup of Nations stadium in Cameroon.

According to video footage, football fans were struggling to enter the Paul Biya Stadium in the capital, Yaounde.

The governor of Cameroon's Central Province, Nasri Paul Biya, was quoted as saying that the accident was likely caused by an accident.

Other reports indicate that children fainted as a result of the violence.

The stadium had a capacity of 60,000, but more than 80 percent of the seats were closed due to Covid.

Proponents of case have been working to make the actual transcript of this statement available online.

"At least half a dozen people were killed and many more were injured," state television said in a statement.

BBC Africa's Nick Cavel is in the stadium to watch the game, but he says we did not hear from anyone in the stadium until the news broke.

Nick says several shoes and debris were scattered around the entrance to the stadium.

"Some of the injured are fighting for their lives," nurse Olinga Prudens told AP.

The Confederation of African Football (CAF) said in a statement that it was investigating the incident.

In yesterday's match, Cameroon battled to reach the quarter-finals of the Comoros.

Comoros, who lost a number of players due to covid, is wearing a glove box due to the inability of all three goalkeepers to line up.

In the 6th minute of the match, referee Bamlak Tesema  sent off comoros player for a foul on a red card.

The match ended in a 2-1 victory for the Invincible Lions, with the host Cameroon set to face Gambia next.

Source :BBC

@Hilinasolom

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