Friday, April 15, 2011

Ethiopia Inflation Rate Accelerates to 25% in March - Businessweek

April 15 (Bloomberg) -- Ethiopia’s annual inflation rate accelerated to 25 percent in March from 16.5 percent the prior month, the Central Statistical Agency said in an e-mailed statement on April 12.

The National Bank of Ethiopia abolished two-year old lending caps on banks on April 4. The policy measure was taken partly because montary and fiscal policies had controlled inflation, Yohannes Ayalew, deputy governor of monetary stability said on April 6.

To contact the reporter on this story: William Davison in Addis Ababa at wdavison3@bloomberg.net

5 Best Ethiopian Drama Films | Drama | Screen Junkies


5 Best Ethiopian Drama Films

These 5 best Ethiopian drama films come up as a flower that struggles to blossom under concrete. The film industry in Ethiopia is seriously underfunded, unequipped and rarely trained. However, the driving need to create art, to question and examine tough issues still shines through in the Ethiopian film industry. Ethiopia has still managed to put out award winning films by visionary directors as you will see with these five best Ethiopian drama films.
  1. "Teza" is one of the best Ethiopian drama films directed by Haile Gerima. The film takes place in the 1970's while Ethiopia is under a Marxist regime. A young post graduate is returning from W. Germany. He stumbles across a murder, and ends up the enemy of some revolutionaries. He eventually manages an escape back to W. Germany where he spends the rest of his life until the fall of Communism. It was an award winner at the PanAfrican Film and Television Festival.
  2. "The Father" has won awards throughout Africa by showing the "Red Terror" that took place in Ethiopia more than 30 years ago. It is directed by Ermias Woldeamlack, and it deals with the horror of a time that most Ethiopians have not addressed.
  3. "Tumult" was entirely funded by grants from the American Film Institute and The National Endowment for the Arts. It takes place in the 1960's, and follows a failed coup d'etat against Emperor Haile Selassie. Yoseph is the main character, and is going to try to bring Western style government to Ethiopia by overthrowing Selassie.
  4. "Blood is not Fresh Water" is directed by Theo Eshetu. It is told from the perspective of the director's grandfather, a noted historian. It examines Ethiopia's origins while the story timeline travels backwards. It goes from present day Ethiopia, to its colonial times, and even further to "Lucy".
  5. "Dead Weight" deals with the diaspora of the "Red Terror" after Emperor Selassie was deposed. It's directed by Yemane Demissie. It covers the aspect of these times from the viewpoint of the Ethiopian diaspora. The ones who fled, mostly to America, to escape the horrors. What is interesting is the way these characters are still confronted with their past. Several characters run into their previous jailors and torturers now living in the U.S.

Ethiopian Rally at Howard University April 2011(You Tube)


Ethiopia Plans to Increase Support to Eritrean Rebel Groups, Ministry Says - Bloomberg


Ethiopia will increase support to Eritrean rebels seeking to overthrow the government of President Isaias Afewerki, Ethiopia’s Foreign Ministry said.
“In the past, Ethiopia has given refuge to some opposition groups and some limited support to the Eritrean resistance,” the Addis Ababa-based ministry said in an e-mailed statement today. “Now support to the opposition will be strengthened further.”
The two countries fought a 1998-2000 border war that killed 70,000 people, according to Brussels-based International Crisis Group. Relations between the two countries have remained tense as each backed opposing factions in nearby Somalia’s civil war. Skirmishes between Ethiopian and Eritrean troops occasionally break out along their 912-kilometer (567-mile) border.
Ethiopia has previously accused Eritrea of supporting Ethiopian rebels and of attempting to disrupt last year’s parliamentary elections. Three calls made to Eritrea’s Ministry of Informationafter business hours were not answered.
“In light of Eritrea’s continuing nefarious campaigns, Ethiopia will continue to work to force the regime to change its policies,” the statement said. “Failing that it will be prepared to change the government itself through any means at its disposal.”
Afewerki and Ethiopian Prime Minister Meles Zenawi led allied rebel groups that overthrew Ethiopia’s Communist Derg regime in 1991. Eritrea, formerly an Ethiopian province, won independence after a 1993 referendum.

Nile Politics Continue as Ethiopia Plans Dam Construction « Sahel Blog

Egypt’s domestic situation has changed tremendously in the last few months, but long-standing regional tensions over water-sharing from the Nile River have remained. Last spring, an agreement on water-sharing pitted Egypt and Sudan (who refused to sign) against countries upstream such as Ethiopia, Uganda, and Tanzania. This deal aims to substantially reduce Egyptian control over the river. Egypt’s new government, whoever takes charge, faces challenges on the Nile issue, especially from Ethiopia, the most outspoken of the upstream governments. The controversy will also test the new country of South Sudan, which is expected to side with the other upstream countries.

In late March, Ethiopia “said it planned to build a huge dam on the Nile despite a long-running row with Egypt over use of the river and concern the dispute may spark a war.” This dam, near the Sudan border, would generate “15,000 megawatts (MW) of power within 10 years, part of a plan to spend $12 billion over 25 years to improve the country’s power-generating capability.”

Ethiopia’s government has taken an alternately aggressive and conciliatory tone toward Egypt regarding the dam project:

Speaking to the opening session of an international hydropower conference [in late March], [Ethiopian Prime Minister] Meles [Zenawi] vowed the $4.8-billion project would go ahead, even if impoverished Ethiopia has to pay the tab itself.

“We are so convinced of the justice of our cause, so sure of the strength of our arguments, so convinced of the role of our hydropower projects in eliminating poverty in our country that we will use every ounce of our strength, every dime of money that we can save to complete our program,” Meles said.

[...]

[But] in comments to reporters after his speech, the Ethiopian leader held out hope that the post-Mubarak administration in Cairo might soften Egypt’s longstanding opposition to upstream use of Nile water.

“I am still hopeful that the current government in Egypt will recognize that this project has nothing but benefits to Egypt,” said Meles. “Nothing. I believe the Sudanese understand this has nothing but benefits to them.”

Meles said a change of heart by Cairo’s new leaders could open the way for cooperative agreements, including a deal that would give Egypt partial ownership of the dam.

“If there is a reconsideration, there will be time to consider many issues, including possibly joint ownership of the project itself. We are open to such ideas,” said Meles.

Egypt seems at least somewhat willing to negotiate:

In what seems to be a possible solution to the Nile water quotas dispute between Egypt and upstream Nile Basin countries, Water Resources Minister Hussein al-Atfy has announced an initiative by the African countries to renegotiate the Nile Basin Framework Agreement.

He said the initiative aims at allowing all people of Nile Basin countries to benefit from the water, and added that international arbitration would be Cairo’s last resort in dealing with this issue.

Reaching agreement on the future usage of the Nile will be crucial for preserving peace between the Nile countries and ensuring that millions of people have access to water and power. All of the major players have indicated their willingness to reach a solution – now it remains to be seen if there is a solution that can satisfy everyone. If no solution appears, it seems Ethiopia may force the issue.