The initial budget in 2011 was 80 billion Br, but this figure swelled to a revised cost of 240 billion Br by 2024, a challenge that was exacerbated by currency depreciation and devaluation which saw the exchange rate increase almost ten-fold since th...
Sep 13 , 2025
The Grand Ethiopian Renaissance Dam (GERD), Africa's largest hydroelectric power project, was formally inaugurated last week, ending a 14-year journey marked by intense national pride, financial impro...
Sep 15 , 2025
The foreign-exchange market has rarely seen a week like the one that unfolded last week. A market usually defined by small and synchronised moves fractured when Amhara Bank blasted past convention, po...
Sep 14 , 2025
Desalegn Banksira sits behind the counter of Tsione Bar & Restaurant, near the Lancha area, thumbing through slips of paper that pass for proof of payment. More and more of his customers prefer to...
Aug 30 , 2025
Banks are facing growing pressure to make sustainability central to their operations as regulators a...
Sep 13 , 2025
The Addis Abeba City Cabinet has enacted a landmark reform to its long-contentious setback regulatio...
Sep 15 , 2025
Washington Health Care (WHC), a private healthcare provider founded by U.S.-trained physician Markos...
Sep 13 , 2025
The yellow flush of Aday Abeba flowers has returned to Addis Abeba, heralding the arrival of the Ethiopian New Year. In streets criss-crossed by horse-drawn carriages and honking minibuses, the familiar sounds of "Krar" and "Mesenqo" mingle with the...
Sep 13 , 2025
At its launch in Nairobi two years ago, the Africa Climate Summit was billed as the forum that would at last give the continent a commanding voice in global climate talks. Last week, the second edition convened in Addis Abeba under the African Union...
Sep 13 , 2025
Abe's conversation with Tamrat G. Giorgis, our managing editor, was as much about the future as it was about recovery. His vision, rooted in digital transformation, disciplined risk management, and a rejection of short-term fixes like high-cost fixed deposits, was counterbalanced by a candid acknowl...
Sep 6 , 2025
The number of workers who have lost their lives working on the construction of the Great Ethiopian Renaissance Dam (GERD), which took 15 years and more than 260 million work hours to complete.
Sep 13 , 2025
Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the media, showcasing what polling stations will look like during the upcoming national elections; and they took the...
Oct 3 , 2020
Pietro Salini, CEO of WeBuild Group, made a heartfelt speech at the inauguration ceremony of the Grand Ethiopian Renaissance Dam (GERD), which is comparable in size to three nuclear power plants and took 15 years to complete.
As a teenager growing up in Istanbul, I was lucky to be part of a generation that had democratic role models nearby. European countries such as Britain, France, Germany, and Sweden fueled ou...
Sep 13 , 2025
Sep 17 , 2022
Sep 10 , 2022
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