Outgoing African Union Commission Chair Moussa Faki Mahamat, pictured with Prime Minister Abiy Ahmed (PhD), takes a final stroll through the corridors of power in Addis Abeba on Saturday, February 15, 2025, after eight years at the helm. His successo...
Feb 16 , 2025
Ayat Mall, located near the roundabout popularly bearing its name, is at the centre of a lengthy dispute between hundreds of shop owners and the real estate developer, Ayat S.C. Shop owners complai...
Feb 16 , 2025
Hijira Bank startled the foreign exchange market last week, posting a buying rate of 126.2 Br for a dollar, outpacing every other commercial bank and setting a 2.19 Br premium over the state-owned Com...
Feb 16 , 2025
Enat Bank closed its 2023/24 financial year with considerable growth in assets, deposits, and equity, yet it found its profitability under pressure as expenses climbed and took a bite out of margins....
Feb 16 , 2025
Parliament has ratified a new proclamation imposing tough environmental regulations, mandating rigor...
Feb 16 , 2025
Dangote Group, the largest cement manufacturer in Africa, is making a 400-million-dollar investment...
Feb 16 , 2025
Domestic steelmakers have been confronted with a severe crisis driven by escalating scrap metal pric...
Feb 16 , 2025
In the Southern Gonder Zone of Amhara Regional State, skyrocketing fertiliser prices have thrown farmers into crisis, threatening both their livelihoods and the region's agricultural output. Mulatu Banke, a 45-year-old farmer and father of five, c...
Madame Kristalina Georgieva, managing director of the International Monetary Fund (IMF), recently became the third IMF chief to set foot in Addis Abeba in over 30 years. Her arrival showed Ethiopia's shifting economic reality. Unlike her predecessors...
Feb 16 , 2025
Charged with transforming colossal state-owned enterprises into modern and competitive powerhouses, the sovereign wealth manager, Ethiopian Investment Holdings (EIH), is at a defining moment. At the helm is Brook Taye (PhD), its third CEO since its founding in 2020, whose vision departs from convent...
Dec 22 , 2024
The value in dollars of Ethiopia’s exports under AGOA in 2021, up from 930,000 dollars in 2000. It was a remarkable jump of 29,600pc, before the Biden Administration delisted Ethiopia from beneficiary countries in 2022.
Feb 16 , 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
Lidetu Ayalew said this with a mix of irony and sarcasm during an interview with the BBC. The veteran opposition figure, who has lived in the United States since 2022, said he was barred from boarding an Ethiopian Airlines flight departing Atlanta last week. The outspoken politician announced his determination to return to Ethiopia.
My parents' fiftieth wedding anniversary was an unforgettable event. I started the day by picking up a bouquet of roses and a heartfelt postcard. Stopping by Robera Coffee for an espresso an...
Feb 16 , 2025
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