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CBE Puts Banks in Liquidity Crisis
Almost all commercial private banks found themselves confronted with liquidity crises, after suffering from what is known in the finance world as “a run on a bank” phenomenon occurred last…
Police intercept 45 Kalashnikov weapons
Addis Ababa, January 27, 2016 (FBC) –Police have intercepted 45 Kalashnikov firearms allegedly to have entered in Gondar illegally. The weapons were seized when a Toyota pickup, which carried the…
Marry two wives or be jailed, Eritrea govt tells men
Men in Eritrea have been asked by the President Isaias Afwerki-led government to marry more than one wife or risk being jailed for life. This is contained in a statement…
INTERPOL to establish office in Ethiopia
Addis Ababa, January 26, 2016 (FBC) – Ethiopia and the International Criminal Police organization-INTERPOL signed an agreement towards establishing a Special Representative Office in Addis Ababa, today (January 26, 2015).…
African Economies, and Hopes for New Era, Are Shaken by China
JOHANNESBURG — Years of rapid economic growth across sub-Saharan Africa fueled hopes of a prosperous new era. To many, the world’s poorest continent was finally emerging, with economies that were…
Imposing is Inherently Undemocratic :A need to deconstruct and demythologize the Western development concept and practices!
( Gebre Selassie Araya 26/01/2016) Ideas of development and modernization are strongly linked to the dominant discourse of Western modernity. And many post-modernist scholars, such as Tucker (1999) suggest that…