Ethiopia: Over 8.3 Billion Dollars Secretly Taken out of the Country in the Last 18 Years (UNDP)

The stolen $8.3B can greatly reduce famine and hunger from the country

NewsDire.com,

Over 8.3 Billion Dollars left Ethiopia in an illicit manner in the past 18 years since 1990, an amount comprising an average 3.6% of its GDP, a damning and first of its kind study, conducted by the United Nations Development Programme (UNDP), revealed last week.

Ethiopia is one of the top 10 out of the 45 least developed countries (LDCs).

This is part of the One Trillion Dollars that is believed to have left LDCs over the years covered by the study, an amount estimated to be 10 times larger than what these countries receive from rich countries in the form of official development assistance (ODA). Continue reading

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Ethiopia: Over 8.3 Billion Dollars Secretly Taken out of the Country in the Last 18 Years (UNDP)

The stolen $8.3B can greatly reduce famine and hunger from the country

NewsDire.com,

Over 8.3 Billion Dollars left Ethiopia in an illicit manner in the past 18 years since 1990, an amount comprising an average 3.6% of its GDP, a damning and first of its kind study, conducted by the United Nations Development Programme (UNDP), revealed last week.

Ethiopia is one of the top 10 out of the 45 least developed countries (LDCs).

This is part of the One Trillion Dollars that is believed to have left LDCs over the years covered by the study, an amount estimated to be 10 times larger than what these countries receive from rich countries in the form of official development assistance (ODA). Continue reading

Ethiopia: Over 8.3 Billion Dollars Secretly Taken out of the Country in the Last 18 Years (UNDP)

The stolen $8.3B can greatly reduce famine and hunger from the country

NewsDire.com,

Over 8.3 Billion Dollars left Ethiopia in an illicit manner in the past 18 years since 1990, an amount comprising an average 3.6% of its GDP, a damning and first of its kind study, conducted by the United Nations Development Programme (UNDP), revealed last week.

Ethiopia is one of the top 10 out of the 45 least developed countries (LDCs).

This is part of the One Trillion Dollars that is believed to have left LDCs over the years covered by the study, an amount estimated to be 10 times larger than what these countries receive from rich countries in the form of official development assistance (ODA). Continue reading

Emerging Producer Nevsun Declares First Dividend

Nevsun is no more a Junio Gold Producer

By Peter Koven (Financial Post),

With its Bisha mine in production and generating major cash flow, Nevsun Resources Ltd. is successfully transitioning from a junior developer to an established producer, something few miners ever do. The company took the next logical step on Wednesday, declaring an inaugural semi-annual dividend of 3¢ per share.

According to Haywood Securities analyst Stefan Ioannou, the dividend represents a modest 1.15% annual yield, equivalent to only about 5% to 10% of Nevsun’s operating cash flow. However, it is likely to attract a batch of new investors. Continue reading

Emerging Producer Nevsun Declares First Dividend

Nevsun is no more a Junio Gold Producer

By Peter Koven (Financial Post),

With its Bisha mine in production and generating major cash flow, Nevsun Resources Ltd. is successfully transitioning from a junior developer to an established producer, something few miners ever do. The company took the next logical step on Wednesday, declaring an inaugural semi-annual dividend of 3¢ per share.

According to Haywood Securities analyst Stefan Ioannou, the dividend represents a modest 1.15% annual yield, equivalent to only about 5% to 10% of Nevsun’s operating cash flow. However, it is likely to attract a batch of new investors. Continue reading

Emerging Producer Nevsun Declares First Dividend

Nevsun is no more a Junio Gold Producer

By Peter Koven (Financial Post),

With its Bisha mine in production and generating major cash flow, Nevsun Resources Ltd. is successfully transitioning from a junior developer to an established producer, something few miners ever do. The company took the next logical step on Wednesday, declaring an inaugural semi-annual dividend of 3¢ per share.

According to Haywood Securities analyst Stefan Ioannou, the dividend represents a modest 1.15% annual yield, equivalent to only about 5% to 10% of Nevsun’s operating cash flow. However, it is likely to attract a batch of new investors. Continue reading