According to news reports, local administrators have indicated that 12 people have been killed and 7,000 displaced in ethnic clashes in the Gambella Regional State. Some 400 houses were burned down and close to 300 heads of cattle taken. Much of the violence in Gambella is linked with access to resources.
NBE Raises Reserve Ratios to 10 Percent,Transitions to Market-Driven Interest Rate
The National Bank of Ethiopia has ordered commercial banks to hold a larger share of their deposits as reserves, responding to what it described as...
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