Bureaus, agencies and institutions under the Addis Abeba City Administration are sitting on billions of Birr they have neither collected nor paid, a city audit has found, exposing how a fast-growing revenue base is not translating into money the Admi...
Jul 19 , 2026
Most airports under the Ethiopian Airlines Group (EAG) lack master plans, and some operate without land-use plans or title deeds, a new audit by the Office of the Auditor General revealed. The find...
Jul 19 , 2026
Ethiopia's external accounts are under renewed pressure as the National Bank of Ethiopia (NBE) moves to unwind its premium-based role in the artisanal gold market. It has also locked in an interest-ra...
Jul 19 , 2026
The Brewed Buck slipped against the Green Buck last week, but the drift was too shallow and too ragged to call a repricing of the official foreign-exchange market. With the National Bank of Ethiopi...
Jul 19 , 2026
The country's highest Court has handed real-estate developers a powerful precedent, ruling that Flin...
Jul 19 , 2026
When a WhatsApp notice told about 60 households at a gated community on the outskirts of Addis Abeba...
Jul 12 , 2026
In the Jemo area of Addis Abeba, Fikremariam Wondimu no longer trades cement so much as gambles on it. Prices move almost by the hour, and the small retailer, who, like most of his size, depends entirely on intermediaries for supply, rarely knows...
Jul 19 , 2026
Pressed in Parliament on jobs and household incomes, Prime Minister Abiy Ahmed (PhD) offered a striking diagnosis. Jobs exist, he asserted; the workforce is missing. Ethiopians, he went on, should get used to holding two or three jobs through shif...
Jul 18 , 2026
Fortune: The African Union has made SAATM a priority for next year. Are you happy with the way the project is being handled by the AU and AFCAC? Kamil Al-Awadhi: The AU is talking about SAATM as a priority, but I do not think it will work the way it is being handled now. The AU nominated the proj...
Jun 7 , 2026
The cost of a barrel of diesel, in US dollars, that Ethiopia incurred at the peak of global logistics disruption in April 2026. Jet fuel reached 300 dollars, with supplier premiums alone 80 dollars above the Platts benchmark for diesel and 88 dollars above for jet fuel. During March and April, the country secured only about 60pc of its monthly diesel requirement. These were Ethiopia-specific landed and financed costs created by an extraordinary combination of one of only two suppliers declaring force majeure; emergency purchases on the spot market; dependence on Red Sea ports and constrained storage and logistics; rerouting, freight and insurance costs; and deferred letters of credit, under which suppliers charged heavily for waiting as long as 360 days for payment.
Jul 18 , 2026
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
Njuguna Ndung'u (Prof.), a former governor of the Central Bank of Kenya (CBK), recalled telling staff members of the International Monetary Fund (IMF) in the early 2010s. The IMF was pressing Kenya to tighten monetary policy, which Ndung'u described as a policy of "starving the economy" of liquidity. Ethiopia's policymakers are now tightening monetary policy as part of a four-year programme with the IMF.
In the mornings and late afternoons, the parks of Addis Abeba fill with people who have come to move. As parks and recreational grounds have multiplied across the city, jogging, running,...
Jul 18 , 2026
Sep 17 , 2022
Sep 10 , 2022
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