Eight months after its shareholders elected a new board of directors, Anbesa Bank has been ordered to do it again. The National Bank of Ethiopia (NBE) has rejected the election and called a fresh one. This unusually forceful intervention has laid...
Jul 12 , 2026
When a WhatsApp notice told about 60 households at a gated community on the outskirts of Addis Abeba, the Country Club Developers (CCD), that their water would be cut unless each paid 35,000 Br, it wa...
Jul 12 , 2026
For most of three decades, Tsedey Bank made its living advancing a few thousand Birr at a time to farmers and traders across the Amhara Regional State. In its first full year as a commercial bank, mov...
Jun 21 , 2026
The Birr (the Brewed Buck) weakened slightly against the dollar in the six days to July 11, 2026, as the Central Bank stayed out of foreign-exchange auctions for a second week. However, beneath the...
Jul 12 , 2026
Federal regulators of the coffee sector are preparing a fund to shield growers and exporters from co...
Jul 12 , 2026
The health sector remains underprovided despite rising public spending, Prime Minister Abiy Ahmed (P...
Jul 7 , 2026
At his stall around Ferensay Legasion, Mastewal Tekuye has decided to leave a business he has worked for years. He sells animal feed, or did, until demand collapsed and his costs climbed beyond what buyers would pay. He can no longer shift even sm...
Jul 12 , 2026
At a market stall, reform arrives without a communique. It comes as a higher transport fare before sunrise, a smaller bag of onions at midday, a pharmacy bill that would not wait for payday, and a property owner who has discovered “market pricing....
Jul 11 , 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 equity, in Birr, of the Ethiopian Sugar Corporation (ESC) in 2023, the last year for which its books were externally audited. The Corporation posted losses every year from 2018 through 2023, with equity deteriorating to negative 45.4 billion Br by 2021, then abruptly flipping to 41.9 billion Br in 2022 and 99.1 billion Br in 2023, as liabilities collapsed from 242.9 billion Br to 79.1 billion Br. A 144 billion Br equity improvement with zero profits is almost impossible through operations. This is the fingerprint of the state's balance-sheet surgery, consistent with the Liability & Asset Management Corporation's (LAMC) absorption of legacy SOE debt and recapitalisation ahead of the long-stalled sugar privatisation drive.
Jul 11 , 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
Semhal Meles, speaking on the "Tghat" podcast, criticised legislation issued by a council the Tigray People's Liberation Front (TPLF) set up after it disbanded the Interim Administration that had governed the region under the Pretoria Deal. Joining voices who called the law "draconian," Semhal went further, calling it "reminiscent of the Derg." For a movement that once presented itself as the keeper of tolerance of dissent, the accusation cuts close. She drew on her late father, Meles Zenawi's famous line made before Parliament, "You can talk about me being bold, but you can't touch it," to point out that criticism of a leader was fair game while coercion was not. Semhal argued that the new law erases that boundary, treating not only dissent but also gossiping about the leadership as an offence.
Tucked within the quiet and tree-lined compound of the Istituto Italiano di Cultura on Belay Zeleke St., in the Semen Hotel area, Yared Olivelli's latest Exhibition, "Way Out / Way In," invi...
Jul 11 , 2026
Sep 17 , 2022
Sep 10 , 2022
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