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138,000

The number of millionaires (individuals with wealth over one million dollars) in Africa, according to Africa Wealth Report (2023) released by Henley & Partners. With 2,700 millionaires, Ethiopia claims the seventh rank in Africa.  

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Editorial

IMF Tells Ethiopia to Stay the Course, with Leap of Faith on the Market

Feb 16 , 2025

Madame Kristalina Georgieva, managing director of the International Monetary Fund (IM...

The Race to the AUC Follows Mahamat's Grand Entrances, Quiet Exits Legacy

Feb 9 , 2025

This week, the African Union's (AU) annual summit in Addis Abeba is set to be more th...

Addis Abeba's Costly Pursuit of Prosperity Bulldozes Dreams on Bargain Prices

Feb 1 , 2025

Urban renewal is seldom gentle to those on the receiving end of redevelopment. Take s...

Birr in Tumble, Reform Rhetoric Meets Bitter Economic Realities

Jan 25 , 2025

Grand ambitions have long driven Ethiopia's successive leaders, but they remain weigh...

Commentaries

The Global South Needs to Own Its AI Revolution

Artificial intelligence (AI) is reshaping global power dynamics, and those of us in t...

Africa's Tech Sector Powers Up This Year

Even in the harshest environments, growth can flourish in unexpected ways. While litt...

Fineline

Leaders of the National . . .

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 me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editors' Pick

Exclusive Interviews

State Enterprises from Oracles to Apprentices

Dec 22 , 2024 . By TIZITA SHEWAFERAW

Charged with transforming colossal state-owned enterprises into modern and competitiv...

Agenda

Rising Costs, Inflation Threaten Insurance Industry

Aug 18 , 2024 . By AKSAH ITALO

Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...

Agenda

BREWING DISCONTENT

Jul 28 , 2024 . By TIZITA SHEWAFERAW

Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...

Fortune News

Electric Vehicle Push Leaves Investors in the Lurch

Jul 13 , 2024 . By AKSAH ITALO

Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...

Sunday With Eden

Child Neglect in Plain Sight, Stronger Laws to Combat Lack of Parental Responsibility

Last weekend, after attending a wedding, my husband, toddler, and I were preparing to...

A Wake-Up Call, the Need for Self-Reliance

For decades, African countries, including Ethiopia, have heavily relied on financial...

Life Matters

True Modernity Requires a Shift in Mindset, Openness to Innovation

Addis Abeba has undergone a admirable transformation. The construction has boomed, ma...

The Art of Self-Promotion, Balancing Humility, Visibility

I will be honest; self-promotion is not my strong suit. A complex mix of self-doubt,...