November 6 , 2021
The US government has terminated Ethiopia’s involvement in the African Growth & Opportunity Act (AGOA), citing “gross violations of internationally recognised human rights.” Signed into US law in 2000, AGOA permitted the duty-free entry of African-produced goods. Ethiopia has been privileged to export close to 6,500 items to the US market, with an annual value of over half a billion dollars. The trade deal is particularly beneficial to the country's textile industry. Companies at Hawassa Industrial Park, dedicated mainly to textile manufacturing, exported 95pc of their products to the US last year. Ethiopia is one of three sub-Sahara African countries to lose the privilege, together with Mali and Guinea. "I intend to terminate the designation of Ethiopia, Guinea, and Mali as beneficiary sub-Saharan African countries under the AGOA as of January 1, 2022," says a letter President Joe Biden wrote to Congress on November 2, 2021. "I'll continue to assess whether the Governments of Ethiopia, Guinea, and Mali are making continual progress toward meeting the AGOA eligibility requirements."
January 15 , 2022
Foes and friends of Prime Minister Abiy Ahmed (PhD) agree that his administration is...
January 7 , 2022
There has not been much research to put a number on high costs wars inflict on Africa...
January 1 , 2022
It is a norm to emphasise grand structural changes to address the myriad political pr...
December 25 , 2021
In the words of Herbert Hoover, the 31st president of the United States, it is older...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
August 28 , 2021 . By HAWI DADHI
The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
