Details On Security issue in Oromia Region

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We have been forced to enforce the law by losing the option of fighting in the jungle in the Oromia region, Deputy Chief of Staff General Berhanu Jula said.

Ethiopia’s new prime minister said on Monday that a foreign exchange shortage will last for years and more cooperation with the private sector is essential to solve it, state television reported. Abiy Ahmed, who was sworn in on April 2, addressed the local business community at a session of more than two hours in a hotel in the Ethiopian capital. His paraphrased remarks were later broadcast by state-owned Ethiopian Broadcasting Corporation. “The crisis with hard currency will not be solved today, nor in the next 15 or 20 years. There is an urgent need for more cooperation with the private sector to find a solution,” Abiy was reported as saying, adding that remittances from Ethiopia’s diaspora communities had also fallen for political reasons. displayAdvert("mpu_3") The crisis with hard currency will not be solved today, nor in the next 15 or 20 years. Ethiopia has recorded average annual economic growth of about 10 percent for the past decade, the fastest in Africa. But foreign investors and local businesses complain that the severe hard currency shortages are stifling the private sector. A prominent Ethiopian supermarket, reputed for having served the expatriate and diplomatic community in the capital Addis Ababa for seven decades, is closing down
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