Two private banks became the first financial institutions to transact on an electronic platform managed by the Ethiopian Securities Exchange (ESX) and developed by Info-Tech Group. In an initial auction where participants offered a total of 6.1 bi...
Nov 3 , 2024
Ethiopian Airlines Group has extended an invitation to financial institutions and newly licensed foreign exchange bureaus, offering the possibility to rent space within the bustling Terminal Two at Bo...
Nov 3 , 2024
Over six days last week, the Brewed Buck has been on a subtle slide against the U.S. Dollar, with daily fluctuations displaying a persistent weakening trend. Banks have been adjusting their cash and t...
Nov 3 , 2024
Zemen Bank, a relatively young player in the banking industry, has once again punched above its weight. A second-tier financial institution, it posted a net income of 2.5 billion Br for the 2023/2...
Nov 3 , 2024
Federal authorities' efforts to secure sufficient fertiliser for the vast agricultural sector have h...
Nov 3 , 2024
Parliament received a bill last week mandating year-long training and biennial license renewals for...
Nov 3 , 2024
The federal government is moving to reform the franco valuta scheme after it opened unintended avenu...
Nov 3 , 2024
A calm Monday morning on October 7, 2024, took a turn for residents of southern Afar Regional State. An earthquake that rattled the campus caused widespread chaos and fear for students at Sabure Primary & Secondary School. With minimal underst...
Nov 3 , 2024
Addis Abeba, fondly dubbed a 'New Flower,' is wilting under the weight of unchecked urban growth. While the capital's main thoroughfares gleam with new infrastructure — separate lanes for pedestrians, cyclists, and motorists — the city's growing...
Nov 2 , 2024
France's Ambassador to Ethiopia up until last week, Remi Marechaux, arrived in Addis Abeba four years ago with a dual mandate of representing his country and engaging with the African Union (AU). He dove into familiar waters from his previous role as Director General for Africa, using Ethiopia's anc...
Aug 4 , 2024
The volume of wastewater Addis Abeba generates daily. However, the Addis Abeba Water & Sewerage Authority (AAWSA) has the infrastructure to manage only about 1,727 cubic meters a day, a mere 0.43pc of the total wastewater volume.
Nov 2 , 2024
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
Prime Minister Abiy Ahmed (PhD) last week told Parliament that certain foreign embassies in Addis Abeba are engaged in illicit activities that drain Ethiopia’s resources, though he stopped short of naming specific missions.
The stakes of the upcoming U.S. election extend far beyond America's borders, rippling across continents already destabilised by growing conflicts. As the world watches, America's polarising...
Nov 2 , 2024
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