Amhara Bank finds itself embroiled in a detrimental controversy after its Board Chairman, Melaku Fenta, faced a rebellion from shareholders who petitioned regulators to investigate the Bank's governance. These shareholders have raised alarming accusa...
Dec 9 , 2023
Moha Softdrink Industries S.C., Ethiopia's leading beverage bottler, is in a precarious situation after seeing its founding General Manager retiring and facing a looming closure due to a web of proble...
Dec 9 , 2023
The Addis Abeba City Administration officials have sanctioned plot allotments for various developers, comprising sectors from banking to hospitality. The move made three weeks ago, authorised by Girma...
Dec 9 , 2023
Awash International Bank (AIB) has continued to consolidate its position as a formidable force, setting a new benchmark for its peers in the banking industry. Its performance cements Awash Bank's posi...
Dec 9 , 2023
Edible oil manufacturers are struggling to sustain vitamin infusions into their products before rele...
Dec 9 , 2023
Mamo Mihretu, the governor of the National Bank of Ethiopia (NBE), has outlined a comprehensive thre...
Dec 2 , 2023
Dusty wind blew on the alleyway of Shola Gebeya while the usually lively market seemed rather dreary, on a scorching afternoon last week. Vendors grapple with dwindling sales and skyrocketing costs, as they call out passersby whom they perceive are p...
Dec 9 , 2023
Making a paradigm shift seems elusive for those in the driving seat of Ethiopia's monetary policy. Its central bankers, nestled in their traditional roles of financial sector oversight, have historically skirted the more proactive role of their liber...
Dec 9 , 2023
In a noteworthy gesture signalling its commitment to international peace and development, Germany has sealed an ambitious deal with the United Nations Development Programme (UNDP). The agreement, amounting to 10 million euros, is earmarked to support peace initiatives and aid in rehabilitating war-r...
Oct 21 , 2023
The number of Africans, representing 20pc of the continent's population, is malnourished. This number has seen an increase of 57 million people since the outbreak of COVID-19.
Dec 9 , 2023
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
The federal government and the European Union said in a joint statement issued last week after concluding what they described as a "structured dialogue." Ethiopia's team was led by Demeke Mekonnen, deputy prime minister and foreign minister, while Ronald Kobia, EU's ambassador, co-chaired the meeting.
On a fine early Sunday morning, a knock on the door interrupted my deep sleep. It was my neighbours who wanted to go to church, asking for assistance to move my car and let theirs out. Altho...
Dec 9 , 2023
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