Ethiopia's Inflation Continues to Spiral Out of Control

Ethiopia's inflation continues to spiral out of control, reaching 34.9% for the month of May, according to Government statistics released in early June.

The surge in inflation is largely being felt in the food market, where prices have drastically increased and essential foods have become too expensive for the average citizen to afford.

In order to stop the rise in food prices, the Ethiopian Government enforced a price cap on all essential food commodities in January, which led to shortages in the market. Frustrated by the lack of prices falling, the government took a page from communist regimes and bypassed the market altogether and directly started selling basic food commodities at below market value.

These hasty moves had a disastrous affect on the market, as small businesses who couldn't compete with the regime's low prices went out of business and those that could, refused to participate in selling those products for below profit. This led to long queues, sometimes as long as eight hours, just to get basic food commodities.

In mid-June, the government reversed its policy, and food prices quickly accelerated upward, surpassing price levels prior to the government stepping in. The average Ethiopian citizen can not afford the price surge and unrest in the capital is already brewing, as the 35% inflation compounds on the problem.

The International Monetary Fund blames the Ethiopian Government for excessively printing money to pay for infrastructure projects, as the main reason for the spike in inflation.

As food prices continue to soar and inflation run rampant, analysis predict unrest will likely engulf Africa's second most populous state.

Long Queues for Food in Addis Ababa, Ethiopia

Ethiopians wait in 8 hour long queues for essential foods.

Top 10 Highest Foreign Aid Recipients in Africa

Prime Minster of Ethiopia, Meles Zenawi

According to the latest data from the Organization for Economic Cooperation and Development (OECD), Ethiopia received nearly four billion dollars in foreign aid for the fiscal year of 2009. OECD's report reveals the United States, EU institutions, IDA, France, and United Kingdom are the top five leading nations and institutions that have contributed the most aid to African states. Moreover, the report also shows Ethiopia, after Iraq and Afghanistan, has received the most aid globally.

Top 10 Highest Foreign Aid Recipients in Africa

CountryForeign Aid Given

  3.820 Billion

  2.934 Billion

Cote d'Ivoire
  2.368 Billion

D.R. Congo
  2.354 Billion

 2.289 Billion

  2.013 Billion

  1.788 Billion

  1.778 Billion

   1.859 Billion

   1.583 Billion

Kenya TV LIVE - Kenyan Television Online

Kenyan TV Channels

Kenyan Television developed under the British colonial rule. The first channel to operate was the Kenya Broadcasting Corporation (KBC); which was established in 1928. When Kenya gained its independence in 1963, and was the only channel to operate in Kenya up till 1990, when Kenya Television Network (KTN) began broadcasting in Swahili and English.

KTN challenged KBC state runned monoply by providing Kenyans an alternative to state media. KTN differentiated itself from the KBC by focusing on ‘activism journalism’. It also focused more on the daily lives of Kenyans, which gained a lot of popularity among TV viewers. As more TV stations opened up in Kenya, KTN began focusing less on politics and activism and more on business related news.

A decade after KTN's successful launch, Kenya's largest media corporation established Nation TV (NTV), which is co-owned by Kenyan vice president George Saitoti. NTV reporters focused more on crime and social injustices among Kenyan societies, which has garnered a few KTN reporters with praise and awards from western news agencies such as CNN.

Citizen TV mostly broadcasts in Swahili and English and is geared for entertainment, fashion and current affairs. It's mostly popular with the youth of Kenya.

Other Kenyan channels include Family TV, and Sayare TV, whom both broadcasts documentaries, gospel programs, current affairs and family programming with a religious Christian point of view.

Watch EBS Live - an Ethiopian TV Channel online

Eri-TV Live Television - Eritrea TV Online

Eri-TV is an Eritrean Television channel broadcasting educational, national news and entertainment for Eritreans living domestically and abroad. Eri-TV mostly in Tigrinya, Tigre, English, Arabic, and occasionally produces Afaan Oromo, and Amharic news programs.

Eri-TV was established in 1992 and broadcasting began in 1993, with transmission originally being limited to Asmara and its surrounding areas. After 2003, Eri-TV started using satellite technology to broadcast globally and can be viewed for free via&nbsp Arab Satellite or through

Eritrea currently has two national TV stations called Eri-TV1 and Eri-TV2, with a third one expected to launch in 2012, which will be called Eri-TV3. Eri-TV2 is mostly for educational and cultural purposes and transmits only within Eritrea, while Eri-TV3 is expected to feature entertainment, such as reality tv shows featuring Eritrean youths, documentaries, music and other programs geared for Eritrean youth.

Watch EBS Live - an Ethiopian TV Channel online