Addis Abeba's first rains have coincided with a sweeping rise in private school tuition, prompting the city's education regulators to cap increases between 40pc and 65pc after most schools sought hikes of up to 263pc. Families earning the median urba...
Jun 29 , 2025
Central Bank Governor Mamo Mihretu claimed a bold reconfiguration of monetary policy and foreign exchange management, marking a break from years of fiscal dominance, closed financial architecture, and...
Jun 29 , 2025
The foreign exchange market moved little in the six trading days last week, but the calm surface concealed a handful of ripples. Across the banking industry, the average buying rate for the Dollar set...
Jun 29 , 2025
Siinqee Bank has burst confidently from microfinance trenches into the competitive commercial banking industry, posting an impressive profit surge that outshone many peers. Its net profit jumped by 8...
May 11 , 2025
The federal government is betting on a sweeping overhaul of the driver licensing regime to reverse a...
Jun 29 , 2025
Gadaa Bank has listed 1.2 million shares on the Ethiopian Securities Exchange (ESX), becoming the se...
Jun 29 , 2025
The federal government continues to wrestle with entrenched fiscal mismanagement, a scathing audit r...
Jun 29 , 2025
Late June in Addis Abeba brings its first curtain of rain, a grey veil that slows the minibuses and muffles the usual din of the capital. It is the season when schools close, children tumble into the streets, and families cheer another grade complete...
Jun 29 , 2025
Meseret Damtie, the assertive auditor general, has never been shy about naming names, and with a reputation for her clear voice and sharper pencil. Last week, she published her latest verdict on the federal government's finances, covering 115 of the...
Jun 28 , 2025
Jens Hanefeld, Germany's envoy in Addis Abeba, touched down last September with a resume that mixes three decades of diplomacy, a decade running Volkswagen's global lobbying shop and the trained eye of a historian. Serving as ambassador to Ethiopia and Berlin's permanent representative to the Africa...
May 17 , 2025
The value in Birr, representing a 760pc cost overrun on one of Ethiopian Electric Power’s planned electricity capital projects, revealed by the Auditor General. The state-owned utility now faces scrutiny over deficiencies that impact its 267 billion Br capital projects portfolio.
Jun 28 , 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
Mamo Mehiretu, governor of the National Bank of Ethiopia (NBE), told federal legislators last week that the macroeconomic policy reforms his administration has taken are succeeding.
Over the course of several months of regular site visits, I have watched Addis Abeba's rivers transform from refuse-choked channels to polished corridors of urban life. T...
Jun 28 , 2025
Sep 17 , 2022
Sep 10 , 2022
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