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Saturday, August 20, 2011

White House News: :Obama accuses Congress of holding back U.S. recovery, Posted by Menelik Zeleke


 

U.S. President Barack Obama accuses Congress of holding back the U.S. economic recovery by blocking "common sense" measures he said would create jobs and help growth.

Read more of the full story go to @http://www.myafricachannel.tv 

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Friday, August 19, 2011

Thursday, August 18, 2011

MACTV WORLD News: Eritrea: Ethiopia makes "frenzied" sanctions drive, Posted by Menelik Zeleke

 

August 17, 2011 9:36:45 PM

ERITREA-UN/SANCTIONS

* Eritrea says Ethiopia seeks regime change, sea access
* Proposed sanctions would hit mineral sector, remittances
* Ethiopia says Eritrea trying to divert attention

By Patrick Worsnip

UNITED NATIONS, Aug 17 (Reuters) - Eritrea accused rival Ethiopia on Wednesday of a "frenzied campaign" to impose new U.N. Security Council sanctions on Asmara in a bid to topple the Eritrean government and secure access to the sea.

Wednesday, August 17, 2011

MACTV WORLD News: Zimbabwe 'kingmaker' general dies in house fire, Posted by Menelik Zeleke


HARARE, ZIMBABWE,VARIOUS OF RETIRED ARMY GENERAL SOLOMON MUJURU SEATED WITH WIFE VICE PRESIDENT JOYCE MUJURU BEATRICE, DIES IN HOUSE FIRE.
ZIMBABWE (AUGUST 16, 2011) (REUTERS-ACCESS ALL)

MACTV WORLD News: Sources of Inflation and Economic Growth in Ethiopia: Descriptive Analysis, Posted by Menelik Zeleke





By Teshome A. (PhD) August 10, 2011- Currently the objective of any developing country is to achieve sustainable economic development. Economic development refers to multidimensional process of reorientation and reorganization of the entire economic system in the country. To realize economic development the country must achieve continuous economic growth...

Read more the full story @http://www.myafricachannel.tv

MACTV WORLD News: China gives Ethiopia US$500 million, Posted by Menelik Zeleke



China has lent Ethiopia US$ 500 million that will be used to fund various development projects in the Horn of Africa country.


China has lent Ethiopia US$ 500 million that will be used to fund various development projects in the Horn of Africa country.

Map of Ethiopia
Map of Ethiopia
The loan agreement signed with the Chinese Export and Import Bank was part of the deals struck during Ethiopian Prime Minister Meles Zenawi’s ongoing visit to China, which started last Thursday.

Ethiopian Finance and Economic Development Minister, Sofian Ahmed who signed the agreement with his Chinese counterpart said the loan will be used to implement 15 development projects.

“The projects to be implemented have already been finalised and will be discussed with the Chinese government,” Ahmed said.

Meles is visiting China to encourage Chinese investors to consider setting up businesses in his country and also to scout for loans to finance development projects.

Ethiopia recently launched a multi billion five year Growth and Transformation Plan (GTP) that will see the implementation of various development projects aimed at fighting poverty and reducing unemployment.

Under the five year GTP, the government, among other plans, seeks to invest billions of dollars on hydro electric plants, fertiliser factories, the development of universities and the construction of around 2,000 kilometer railway lines, as well as thousands of kilometres asphalt roads.

The government recently launched US$ 5 billion hydro electric projects, expected to generate around 5,250 MW of power by 2015, over the Nile River. 

Ethiopia has already started power supply to Djibouti and is also planning to start exporting power to Sudan (North) before the end of the year.

The Horn of Africa nation plans to become Africa’s biggest power supplier.

China has given Ethiopia about US$4 billion in loans that have gone towards telecommunication infrastructure and road projects among others.

More than 20,000 Chinese area already working in various development projects around the country.

MACTV News: President Barack Obama to travel around Minnesoate, Posted by Menelik Zeleke


The bus used by U.S. President Barack Obama to travel around Minnesoate, Iowa and Illinois is pictured on the tarmac of Minneapolis-St Paul Airport in Minnesota August 15, 2011. Obama is traveling to the Midwest on a bus tour of Minnesota, Iowa and Illinois. Picture taken August 15, 2011. REUTERS/Jason Reed (UNITED STATES - Tags: POLITICS TRANSPORT)

For more up to date News visit our website: http://www.myafricachannel.tv or follow us on tweeter @mactv_dc

Monday, August 15, 2011

MACTV WORLD News: Africa Rising, Posted by Menelik Zeleke






Africa Rising: The extraordinary story of how a large rural area of Ethiopia is taking itself out of poverty.