The federal government is increasingly relying on Treasury bills (T-bills) to repay Treasury bills. Rather than issue fresh debt to cover budget spending, it is rolling maturing paper over into new paper, a sign of its shift towards market-based borr...
Aug 29 , 2026
Judges on a Federal High Court bench have ordered D'Afrique, one of Addis Abeba's oldest hotels, to be sold to the highest bidder, setting the floor price at a figure that some of its owners claim is...
Aug 29 , 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 Central Bank cut its dollar supply by three-quarters last week, and the Birr barely moved. The calm signalled that a half-billion-dollar intervention six days earlier had eased pressure inside the...
Aug 29 , 2026
A new two-million-euro facility will let rural borrowers take out climate-risk insurance without pay...
Aug 29 , 2026
A drought has taken a fifth of the water that should be filling the 21 dams, forcing the state power...
Aug 29 , 2026
For Tefera Worku, buying a car was meant to be a simple calculation of convenience. The construction worker and father of three had grown tired of losing nearly two hours to taxi queues on trips to the city's outskirts. By the time he reached home, e...
Aug 29 , 2026
Every year, the Ministry of Education (MoE) sets a national examination. Every year, it fails most of the young people who sit it. This year, nearly nine out of 10 candidates for a university place fell short. The pass rate was 12.8pc, leaving the...
Aug 28 , 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 amount, in Birr, of the bottom-line loss incurred by the Ethiopian Electric Power (EEP) in the fiscal year 2024/25. EEP's operating business was spectacularly profitable, generating 187.9 billion Br profit on only 72.7 billion Br of customer revenue. Nonetheless, the "profit" was heavily inflated by 143.3 billion Br of exchange-rate income. A still larger forex loss on the debt side then pushed the company into a bottom-line loss.
Aug 28 , 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
Mesfin Araya (Prof.), chairman of the Ethiopian National Dialogue Commission (ENDC), publicly dismissed rumours on social media platforms that his travel to the United States shortly before the dialogue's conclusion was due to a family emergency. Addressing an assembly of 4,000 delegates at the Addis Abeba Convention Centre following a 40-day session, Mesfin reaffirmed his commitment to the dialogue process and stated he would not consider leaving Ethiopia in his old age.
The sky over the palace compound was low and grey on August 23, 2026, the kind of Addis Abeba afternoon that keeps its rain in reserve. Inside the guarded and green grounds on Yohannes St...
Aug 28 , 2026
Sep 17 , 2022
Sep 10 , 2022
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