Gov’t Reduces Inflation from 40 to 19 percent: PM Hailemariam
Addis Ababa October 16/ 2012 Prime Minister Hailemarima Dessalegn said various measures taken by the government have enabled to reduce the inflation from 40 to 19 percent. The House of People's Representatives approved on Tuesday the motion of thanks to President Girma Woldegiorgis’s speech made at the opening of the joint session of the House of People's Representative and House of Federation earlier last week.
Expressing government’s stand to the Premier said regulating the finance circulation, enhancing agricultural productivity and modernizing the trade system are the major measures taken to reduce the inflation. He said government has covered the budget deficit by selling treasury bills and limited the gap to 1.2 percent.
Thousands of soccer fans gather to witness a historic match which Ethiopia won 2-0 against Sudan to qualify for the African Cup of Nations on Sunday October 14. As thousands of lucky fans found the Addis Ababa stadium ticket and got in to watch the game on the spot, over a hundred thousand gathered nearby at the Meskel Square, to watch the match on the big outdoor Sonic Screen.
The match was preceded by a 5-3 loss to Ethiopia in Sudan three weeks ago, and was a determining one for Ethiopia to qualify for the African Cup of Nations after three decades. In effect Ethiopia has drawn the match with 5-5 but Since Ethiopia has scored three goals in the contending country it has qualified for the African Cup of Nations. The last time Ethiopia qualified for the African Cup of Nations was 31 years ago which was held in Libya.