On Thursday, Japanese police arrested six people who were allegedly part of a multi-million dollar scam. $27.2 million was illegally transferred from the National Bank of Ethiopia account at Citibank in 2008. The arrested suspects were three Nigerians, two Japanese and one from Ghana. Sources say the six are suspected... 

Ethiopian distance runner Dejene Berhanu, who was reported dead at the age of 29 last Sunday by his management firm, took his own life. Two independent sources contacted by Race Results Weekly who had knowledge of the situation, one in the United States and one in Ethiopia, confirmed the news. Neither source wished... 

ADDIS ABABA (Reuters) – Ethiopia on Thursday rejected criticism of its massive hydropower dam projects and vowed to push ahead with plans to boost its power generating ability from 2,000 MW to 10,000 MW within five years. The Horn of Africa nation’s ambitious dam building programme has drawn fire from... 

Ethiopia devalued its currency, the birr, by 17 percent against the dollar, the third such move in the past 14 months, according to the National Bank of Ethiopia. The exchange rate was quoted at 16.351 per dollar today compared with 13.628 yesterday, according to the website of the Addis Ababa-based central bank.... 

Four bridges collapsed in different parts of the country last week due to flash floods sparked by torrential rains in the highlands. The huge body of water created enormous pressure on the bridges that collapse. Three of the bridges are in the Afar Regional State near Mile Town, 531 kilometers northeast of Addis Ababa,... 

Ethiopian Airlines has made an overwhelming insurance claim from the state owned Ethiopian Insurance Corporation (EIC) for the crash of one of its aircraft off the coast of Beirut, Lebanon in January this year. The Ethiopian Insurance Corporation has reported a 1.5 billion birr insurance claim by Ethiopian Airlines... 

By Tesfa-Alem Tekle ADDIS ABABA — The Ogaden National Liberation Front (ONLF), a rebel group who had been fighting for the independence of eastern Somali region confirmed that it will sign final peace agreement with Ethiopia – despite a rebuff by a splinted official in Doha. Foreign Bureau of the rebel group,... 

  ADDIS ABABA — Ethiopian high court passed jail terms ranging between 16-19 years behind bars against 30 defendants who were found guilty of perpetrating terrorism acts. According to the state-run Ethiopian television, four of the defendants are sentenced each to 19 years of rigorous jail while the remaining 25... 

RIYADH — Five Ethiopians died in a crowded Saudi centre for deporting illegal immigrants, the Arab News reported Monday. The five died in the deportation centre in the southern Red Sea port of Jizan of “asphyxiation due to overcrowding,” according to a local police official, the newspaper said. Ethiopia’s... 

Kibrom Sebhatu, 45, is among hundreds of Eritreans expected to benefit from a recent Ethiopian government ruling allowing Eritrean refugees to live outside the camps. “I am happy that UNHCR [the UN Refugee Agency] and the government of Ethiopia agreed to let us live outside the camps. I hope this will open a new...