Ethiopia: Latest News
Kevin Mwanza, 9:08 am
China is fast becoming the preferred partner for economic development by many African governments that have however, been accused of prioritizing economic development over civil rights and freedoms. The Asian superpower rivals the U.S. and has outmatched it especially in Southern, Central and North Africa, according to a survey by Afrobarometer, a research project in sub-Saharan Africa.
Dana Sanchez, 12:11 pm
Oil-importing African countries are showing an improved business environment as the continent endures its slowest growth in more than two decades. In contrast, countries that export commodities are under economic pressure due to low oil prices including three of Africa’s largest economies. Some countries that are doing better are predicted to grow at more than 6 percent. IMF predicts average growth will fall to 1.4 percent in 2016, less than half of 2015 growth.
Staff, 12:12 am
Trade deals criticized as harmful to U.S. economic interests have emerged as a key issue in the race for the White House. Trump could include AGOA as part of a general offensive against U.S. trade agreements. A threat to the program will more likely come from unfair competition on the part of the European Union. African regional trade blocs are in talks with the E.U. on deals that would allow E.U. goods to enter the continent duty-free.
Staff, 12:01 am
Facebook’s record of collaborating with governments should make us wary of Free Basics. The app is only worth the gamble if one believes that governments where it’s been rolled out have the best interests of their citizens at heart — a presumption that is unwarranted in much of Africa. In just the last year, in Gabon, Ethiopia, Uganda, Chad, Zimbabwe, and many other countries, online actions of pro-democracy protestors prompted the state to shut down the internet for the entire country. Free Basics gives them a version of the internet that totally control.
Staff, 4:02 am
Sub-Saharan Africa’s telecoms service market will be worth $51 billion by 2021, up from $41 billion last year. Mobile services will represent more than 88.4 per cent of the telecoms service revenue in 2021, according to a new report by Analysys Mason, a global specialist adviser in telecoms, media and technology. Retail telecoms revenue in the region will grow at a compound annual growth rate (CAGR) of 4.1 per cent during 2015–2021,
Dana Sanchez, 12:48 pm AFKI Original
New vehicle sales continue to fall in South Africa. The industry needed a creative idea to invigorate its local auto market, excite domestic motor enthusiasts, and appeal to people across sectors. The solution? A Cape Town Motor Show that promoters promise will rival motor shows in Paris, Tokyo, and New York. The show will go over well, a promoter predicts. “People are hungry. People always want to drive a better car. The mood is very positive.”
Dana Sanchez, 3:12 pm
Ethiopian authorities say the Oct. 8 state of emergency is helping restore stability after a year of protests. Many investments and factories are back in business. But rights groups and the opposition say a government ban on mobile internet and social media stops people from getting the information they need to keep safe. Thirty days of Internet disruption between July 1, 2015, and June 30, 2016, cost Ethiopia’s economy over $8.5 million, according to a recent Brookings Institution report.
Kurt Davis Jr., 8:49 am AFKI Original
Japan has a favorable rating in many countries. The Chinese have been criticized for executing half-effort projects such as using poor quality materials on roads. China-Africa trade in 2015 amounted to about $180 billion — nearly 7.5 times more than Japan-Africa trade. African leaders are watching and appear willing to benefit from the sociopolitical competition between the two countries. If the numbers grow because of the “race to Africa,” Africa will benefit.
Kevin Mwanza, 6:27 am
Ethiopia has announced that tourists are not barred from travelling across the nation in a bid to boost its tourist numbers; just days after the U.S. government issued a travel advisory following the declaration of a six-month state of emergency by the horn of Africa nation. There have been fears that foreigners to the nation may face reprisals from security forces for violating the state-sanctioned decree.
Kevin Mwanza, 10:00 am
Ethiopia chose economic growth over the economic inclusion of its people, despite their persistent protests, and now it is paying the price through a state of emergency. After hundreds of deaths ignored by the international community and trampled upon by the government’s security forces, the next six-months are set to be key to the country. It will be a testing period for the nation to maintain investor confidence on the back of the Oromia protests.
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