Tag Archives: least developed countries

Eritrea: Natural Resources and Development

Eritrea’s natural resources hold the potential to augment development

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.  Continue reading Eritrea: Natural Resources and Development

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

The stolen $8.3B can greatly reduce famine and hunger from the country

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 of the 45 least developed countries (LDCs).

This is part of the One Trillion Dollars that is believed to have left LDCs over the years covered by the study, an amount estimated to be 10 times larger than what these countries receive from rich countries in the form of official development assistance (ODA). Continue reading Ethiopia: Over 8.3 Billion Dollars Secretly Taken out of the Country in the Last 18 Years (UNDP)