The abrupt funding pause of American aid has left the humanitarian world reeling, sparking immediate and profound uncertainty among those dependent on USAID-financed works. One consultant described the decision as “unexpected and shocking,” disru...
Feb 9 , 2025
The Ethiopian Investment Commission is under intense scrutiny after the Federal Auditor General's findings revealed years of alleged oversight failures. The report shows that, over the past 26 year...
Feb 9 , 2025
Last week, Hijira Bank posted a buying rate of 126.5 Br to the dollar, marking what industry observers described as a historic milestone. In an even more striking move, the Bank also offered the most...
Feb 9 , 2025
Hibret Bank ended its 2023/24 financial year with a strong performance, reporting total assets of 96.58 billion Br, an increase of 16.95pc from the previous year. However, for analysts following the i...
Feb 9 , 2025
Oromia Bank has elected a new board chairperson following the resignation of Assefa Sime (MD), after...
The Ethiopian Roads Administration (ERA) has suspended 27 road projects due to security concerns, co...
Feb 9 , 2025
The Education & Training Authority (ETA) is set to implement a standardised quality audit system...
Feb 9 , 2025
Demelash Tekesete, a consultant for an NGO, was stunned by the sudden halt of US Agency for International Development (USAID) funding. “It was unexpected and shocking,” he said. His work, focused on equipping youth with job skills, internsh...
Feb 9 , 2025
This week, the African Union's (AU) annual summit in Addis Abeba is set to be more than a routine exercise of convention by heads of states. The continent is beset by increasingly intricate conflicts and a leadership vacuum left by outgoing Chairpers...
Feb 9 , 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 daily passangers count for the Addis Abeba Light Rail Transport (AALRT) in 2023, dropped by 61pc from the highest recorded daily passenger count in 2017. A public transit system experiencing such a sharp ridership decline in a growing city is unusual. Major operational inefficiencies or external factors, such as frequent train cancellations, shortages of spare parts, security concerns and power outages, are affecting train operations.
Feb 9 , 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
Atul Gawande (PhD), the former head of global health at USAID, described the unfolding of the United States Agency for International Trade (USAID) following President Donald Trump's decision to close it.
My first visit to a palace was Ankober Palace, in the North Shoa Zone of Amhara Regional State about a decade ago. A relatively small, two-story medieval structure, it sits atop a hill, buil...
Feb 9 , 2025