least developed countries Archives

Eritrea: Natural Resources and Development

July 17, 2013July 31, 2020TesfaNews12 Comments

By Fikrejesus Amahazion, Without question, Africa is the world’s poorest continent. African nations have consistently ranked lowest amongst nations of the world in terms of various socio-economic or development measures 1. These failures can be attributed to a wide-range of causes including historical factors, socio-political dynamics, ethnic based rivalries, internal mismanagement, and debilitating external meddling.

Ethiopia: Over 8.3 Billion Dollars Secretly Taken out of the Country in the Last 18 Years (UNDP)

May 18, 2011February 18, 2016TesfaNewsLeave a Comment

By NewsDire.com, Over 8.3 Billion Dollars left Ethiopia in an illicit manner in the past 18 years since 1990, an amount comprising an average 3.6% of its GDP, a damning and first of its kind study, conducted by the United Nations Development Programme (UNDP), revealed last week. Ethiopia is one of the top 10 out […]