Mereja

Oil jumps 40 percent in two months while coffee slips, leaving Ethiopia’s new finance minister a costlier import bill

Brent crude rose 40 percent from July to September while Arabica coffee fell, World Bank data show, pulling Ethiopia’s foreign currency accounts in opposite directions.
Mereja

Ethiopian drones hit Eritrean troops near Adigrat, witnesses and a conflict monitor say, as Addis Ababa demands that foreign forces leave

Ethiopian drones struck Eritrean troops around Adigrat overnight, ACLED and witnesses said, as Addis Ababa demanded that all foreign forces leave Ethiopian territory.
Mereja

Parliament approves Abiy Ahmed’s new cabinet, moving Fitsum Assefa to Finance and naming nine women among 22 ministers

Parliament unanimously approved 22 ministers on Thursday, moving Fitsum Assefa (PhD) to Finance in a cabinet where women hold nine posts.
Mereja

One of the driest rainy seasons on record threatens Ethiopia’s main harvest as war in the north blocks aid

Farmers harvest teff in a roadside field between Axum and Adwa in Tigray, October 2007 (A. Davey, via Wikimedia Commons, CC BY 2.0) [file photo] Ethiopia’s main harvest is in danger after ...