Ethiopia's Central Statistics Authority has announced that the Horn of Africa country registered a 9 percent increase in inflation between the ... months of April and May 2001. The inflation surge has been blamed on rising food prices in the country.
Speaking to African leaders on Monday, in what has been described as the first time a US secretary of state has addressed the full 53-member ... African Union at the commission's headquarters in the Ethiopian capital of Addis Ababa, Hilary Clinton pleaded with with them to distance themselves from Libyan leader Muammar Gaddafi.
The African Union (AU) Commission says that a non-European should be at the helm of affairs at the International Monetary Fund (IMF). According ... to them, tacit agreements governing the international lender only makes it possible for Europeans to hold the position of Managing Director at the IMF.