A new directive by the Central Bank requiring coffee exporters to convert half of their foreign exchange earnings into local currency within 30 days is causing upheaval in the crucial coffee industry. Exporters argue that the tight deadline is unreal...
Oct 13 , 2024
The National Bank of Ethiopia (NBE) is heightening its regulatory oversight of microfinance institutions, fortifying a sector that has proliferated but faces mounting risks due to inadequate financial...
Oct 13 , 2024
The Brewed Buck continued its steep decline against the U.S. Dollar last week, a slide that has accelerated since the National Bank of Ethiopia (NBE) liberalised the exchange market in late July. Desp...
Oct 13 , 2024
Newly appointed President Taye Atskeselassie delivered his first address to a joint session of the two legislative houses last week, laying out the focus for the fiscal year for Abiy Ahmed's (PhD) adm...
Oct 13 , 2024
Despite a substantial boost in budget and import volumes, farmers may contend with fertiliser shorta...
Fuel prices have spiked, exacerbated by global supply disruptions and a weakening Birr, leading to h...
In a significant policy shift, authorities have fully opened the logistics and transport sector to f...
Oct 13 , 2024
A recent directive is roiling the coffee industry, following the Central Bank's requirement that exporters convert half of their foreign exchange earnings into local currency within 30 days. Exporters say it is squeezing them at a precarious time. ...
Oct 13 , 2024
In his inaugural address on October 27, 2024, Taye Atseqesellasie, the fifth president since the 1995 constitution, extolled mutual trust as Ethiopia's most valuable legacy for future generations. Yet his speech, delivered to a joint session of the t...
Oct 12 , 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 loss in Birr caused by households' air pollution each year, an astonishing figure equivalent to four percent of Ethiopia's GDP, and 29pc of the federal government budget for the fiscal year 2024/25.
Oct 12 , 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
Former President Sahle-Work Zewde posted a reflective message on her X account (formerly Twitter) a few days before stepping down from the presidency on October 7, 2024, completing her first term in office. She quoted lyrics from renowned Amharic pop singers - Tilahun Gessese, Mohammed Ahmed and Tewodros Kassahun (also known as Teddy Afro) — hailing the virtues of silence.
I was lying in bed one day feeling like I was on a gently rocking boat, though no reason for the movement was visible. I had been in a relaxed pose for some time and wondered what could hav...
Oct 12 , 2024
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