Ethiopian News, Current Affairs and Opinion Forum
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Zmeselo
- Senior Member+
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- Joined: 30 Jul 2010, 20:43
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by Zmeselo » 04 Mar 2025, 17:01
The sprawling 503-hectare complex includes a luxury hotel and Some 29km of new roads constructed, as well as an underground tunnel to allow for easy escape in the event of an emergency – or attempted coup. Price tag: $10-billion
Meanwhile, Ethiopia’s economy is on the brink!
― Today, the Commercial Bank hiked interest rates by 15-18% 
https://ethionegari.com/2025/03/04/comm ... est-rates/
― The Birr value continues to plunge (1USD = 150 birr), and forex reserves are critically low 
― With double digit inflation, record unemployment rate, high cost of living, and less money circulating, poverty is set to skyrocket.
A financial storm is brewing—brace for impact! 
Last edited by
Zmeselo on 04 Mar 2025, 20:37, edited 1 time in total.
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Fiyameta
- Senior Member
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- Joined: 02 Aug 2018, 22:59
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by Fiyameta » 04 Mar 2025, 17:37
Such extravagant billion dollar mansions built by corrupt and coward leaders of the heavily-indebted Ethiopia are considered "national treasures" by the subjects carrying the burden of debt. In debt-ridden Ethiopia, image is everything, as it masks the underlying problems facing the people and country.
They have a saying in Ethiopia that goes like: "ሲሾም ያልበላ ሲሻር ይቆጨዋል", which glamorizes government corruption to the extent that it has become a way of life. 
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Zmeselo
- Senior Member+
- Posts: 36925
- Joined: 30 Jul 2010, 20:43
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by Zmeselo » 04 Mar 2025, 20:34
Fiyameta wrote: ↑04 Mar 2025, 17:37
Such extravagant billion dollar mansions built by corrupt and coward leaders of the heavily-indebted Ethiopia are considered "national treasures" by the subjects carrying the burden of debt. In debt-ridden Ethiopia, image is everything, as it masks the underlying problems facing the people and country.
They have a saying in Ethiopia that goes like: "ሲሾም ያልበላ ሲሻር ይቆጨዋል", which glamorizes government corruption to the extent that it has become a way of life.
Hilarious! 
According to Ethiopian ambassador to Saudi Arabia, Lencho Bati, PM Abiy Ahmed threatened US president Trump over a telephone in a dispute regarding recovery & review of the black box from the Ethiopian airlines plane that crashed few years back.
PM Abiy reportedly put president Trump on notice, that he is speaking with the leader of Ethiopia and thus needs to be cautious. He also reminded Trump that Ethiopia will retaliate against US, if provoked.
Such are Ethiopian ambassadors who have no shame, class, integrity or limit to their lies.
https://ethionegari.com/2025/03/04/comm ... est-rates/
