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RARE SPACE


RARE SPACE

As Addis Abeba becomes populated much faster than regulated urban growth can keep up, parking space is becoming ever valuable. Sometimes, it is even a side business for buildings still under construction. This building in Mexico, not quite in businesses, has already opened its parking doors, where a car can be seen grabbing the opportunity.

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Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


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Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...


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CBE Backs North America Diaspora Festival, Platinum Sponsorship

Commercial Bank of Ethiopia (CBE) has signed a platinum sponsorship agreement for the 43rd Annual Ethiopian Sports and Culture Festival in North America, set to run from June 27 to July 4, 2026, at TCO Stadium in Minnesota. The agreement was signed by CBE's Mengistu Solomon and ESFNA Public Relations Head Yared Negash at the bank's headquarters. Mengistu said the partnership reflects CBE's commitment to strengthening ties with the Ethiopian Diaspora while promoting its international banking s...