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Thomas H
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Top Breaking News: The Ethiopian economy is collapsing

Post by Thomas H » 14 Aug 2021, 09:45


Aba
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Joined: 15 Apr 2011, 17:52

Re: Top Breaking News: The Ethiopian economy is collapsing

Post by Aba » 14 Aug 2021, 10:51

Ethiopia is becoming another Singapoor ruled by Mamo qillo and Issu jillo & Co. What do you expect from Issu the tyrant? Anything he touches turns into dung.

Lakeshore
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Re: Top Breaking News: The Ethiopian economy is collapsing

Post by Lakeshore » 14 Aug 2021, 10:58

Historically, the TPLF was a predominant player in Ethiopia holding 85 per cent of the decision-making power while representing a population that made up only five per cent of the population. Over 80 per cent of the region are farmers contributing almost 10 per cent of the region's Gross Domestic Product. 66 per cent of the population is Christian. The TPLF was a dominant force for 30 years until Prime Minister Abiy Ahmed was elected in 2018. Ahmed's reforms included releasing political prisoners, restoring internet, and working with Eritrea to end the border war with Ethiopia which culminated in Ahmed earning a Nobel Peace Prize in 2019. It's reported that during the transition of power, the TPLF loot $30 billion cash plus gold which virtually bankrupt Ethiopia. This virtual bankruptcy now forms the financial basis for the propaganda campaigns discrediting Ahmed and the Ethiopian government.

sarcasm
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Re: Top Breaking News: The Ethiopian economy is collapsing

Post by sarcasm » 14 Aug 2021, 10:58

It seems that the inflation rate almost doubled since ENDF and Eritrean forces were driven out of Central Tigray. It means the business community and the general public have lost confidence on PM Abiy's government. Banks refusing to give any credit means, the economy and the confidence level has hit rock bottom.

Abiy is now a liability to Ethiopian government! If he remains in power, Ethiopian economy will resemble Zimbabwe's economy during the raid on white farms.

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