Tag Archives: Remittance

Semhar Araia: Rebuilding Peace in Eritrea Opened My Eyes

Semhar Araia is an Eritrean American social activist, professor and international lawyer. She is the founder and Executive Director of DAWN – the Diaspora African Women’s Network.
Semhar Araia is an Eritrean American social activist, professor and international lawyer. She is the founder and Executive Director of DAWN – the Diaspora African Women’s Network.

BY WORLD REMIT – STORIES

As a descendant of Eritrean immigrants, Semhar Araia was raised in a diaspora community. This inspired her to go on and support people of the diaspora and promote international development. And so today as UNICEF USA’s Managing Director for Diaspora and Multicultural Partnerships, she advocates engagement within the diaspora communities of more than 70 countries in the United States. Continue reading Semhar Araia: Rebuilding Peace in Eritrea Opened My Eyes

Forex Crunch: Ethiopia’s Immovable Object

The recurrent cause of Ethiopia’s forex crunch ranges from declining export performance to increasing imports; from declining net official public and private capital to stagnating individual transfers, …

As the country’s foreign exchange provision plummets into a whirlpool, the underground market for hard currency is thriving, threatening to chock business in the country.

BY ABDULMENA MOHAMMED | ADDIS FORTUNE

The Ethiopian economy has not in recent years been battered with as severe a shortage of foreign currencies as now. The situation has exasperated to the point where factories have been forced to operate under capacity, crucial medicines are disappearing from pharmacies and many goods are not found on shelves of supermarkets. The amount of international reserve has dwindled. It only covers 1.8 months of imports by the end of the last fiscal year. Continue reading Forex Crunch: Ethiopia’s Immovable Object

Rehabilitation and Recovery Tax (RRT): Why the Uproar?

The mainstream media has a history of obsession with Eritrea. What has gained currency in the past few weeks is the 2% Rehabilitation and Recovery Tax (RRT). But why the Uproar? (Picture: Swedish-Eritrean citizens holding a sign that reads “I pay 2% with joy and Pride”)

By Mela Ghebremedhin,

The mainstream media has, of late, latched on to this queer “fascination” – obsession may be a more appropriate term – with Eritrea. I fully understand the “agitation”.

Eritrea is a very fascinating and mysterious place if you have never been to the country or do not hang out with Eritreans in the Diaspora. But that’s the secret of its beauty, discrete but proud at the same time, like its citizens.

Well, “to call a spade a spade” mainstream media’s fascination with Eritrea does not stem, by and large, from benign curiosity. This small nation has somehow attracted the ire of some big power and a kowtowing media seems to relish Eritrea-bashing as a perversely “entertaining” pass-time. As it is, new accusations are hatched almost incessantly to denigrate every facet of its social fabric and to chisel at Eritrea’s birth right of developing as a nation in its own way and at its own pace. Continue reading Rehabilitation and Recovery Tax (RRT): Why the Uproar?