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May 27 , 2023

Banks Ride the Waves of Change Grappling with Growth, Risk

Tauted as a somnolent giant, Ethiopia's financial scene now stirs, roused by favourable demographics, geostrategic position and untapped markets, offering a tantalising prospect for growth. An incessant swell in GDP and a population bulge that is youthful and vibrant frames this narrative, yet the d...

May 20 , 2023

An African Paradox: Mediating Foreign Wars While Ignoring Homegrown Turmoils

The pungent irony wafting from Pretoria last week was hard to miss. Cyril Ramaphosa, the South African president, grandly announced a peace mission to Moscow and Kyiv, offering to mediate the end of Russia's invasion of Ukraine. This comes with notable colleagues in tow; the leaders of Egypt, Zambia, Senegal, Uganda, and the Democratic Republic of Congo (DRC). Yet, as these African statesmen prepare for their peace-seeking journey, their absence in addressing conflicts within their own continent is glaring. In Sudan, a country trapped in a tempestuous “war of the Generals”, escalating f...


May 13 , 2023

Ethiopia's Geopolitical Dance in a Tumultuous World

In March this year, Kamala Harris, the United States Vice President, visited Ghana, Tanzania, and Zambia as her first tour to Africa since taking office. With ancestral ties in Zambia, Harris addressed a matter she described as “a big issue affecting a lot of African countries.” She urged leaders of heavily indebted African countries to align with America in tackling the debt crisis. Though she refrained from naming names, she most likely had China in mind—Africa's largest bilateral creditor, with countries like Zambia and Ethiopia significantly indebted to the Asian giant. The Vic...


May 6 , 2023

Ethiopia's Labour Movement Confronts a New Era. Will It Thrive?

The history of the Ethiopian labour movement dates back to the 1940s, marked by periods of struggle, tribulations, and occasional triumphs. Workers have fought for democratic rights and demanded improved labour conditions. However, the movement is now at a crossroads, confronted by a changing economic environment and a need to adapt to evolving work structures. The May Day rally in 1976 remains a vivid example of Ethiopian workers' resilience in their fight for labour rights. Despite the government's threats to crack down, thousands gathered at Mesqel Square and called for a popular governm...

Editorials

Apr 29 , 2023

What Problems Do They Want to Solve, at What Cost, Whose Expense?

Public frustration and bewilderment were palpable as motorists queued up for hours in Addis Abeba last week. The sudden edict by the transport authorities mandating fuel purchases through mobile payme...

Apr 22 , 2023

Ethiopia's Dilemma of Hybrid Model to Fuel Quality Education

Ethiopia remains a country with a literacy rate of over 50pc, compared to Kenya's 82pc. It did not stop the World Bank from commending the substantial progress made in the social services sector, part...

Apr 15 , 2023

Can Debt Relief, Growth Coexist Amid IMF Negotiations?

The International Monetary Fund (IMF) released its annual outlook on the global economy last week, forecasting an optimistic prospect for Ethiopia's economy next year. Ethiopia is expected to have the...

Apr 9 , 2023

Walking on Tightrope of Economic Growth, Debt in a Post-War Landscape

As the current fiscal year draws to a close, over 170 federal agency heads frequent the Ministry of Finance on King George VI St., jostling for their share of the federal budget. If past trends are an...

Apr 1 , 2023

Disarming for Peace: Teshome Toga's Daunting National Rehabilitation Task

Teshome Toga, a seasoned public serviceman, now bears the weight of immense responsibility. Having spent years as a diplomat in Kenya, later serving as a Speaker of Parliament, and subsequently return...

Mar 25 , 2023

Parched Addis Struggles to Provide Water to Booming Population

At a crossroads, Addis Abeba finds itself on the precipice of monumental transformation. Nearing four million residents (the World Bank puts it at 4.8 million), the bustling city boasts a young, relat...

Mar 18 , 2023

Confronting the Axis of Threat: Diminished Assets, Inflation, and Trade Imbalance

Ethiopia's economy once hailed as a paragon of growth and development, now faces a confluence of challenges, including falling net foreign assets, an expanding trade deficit, and escalating inflation...

Mar 11 , 2023

Is Ethiopia Insolvent? Or Just Illiquid?

Ethiopia is rapidly emerging as one of China's top African debtors, second only to Angola, which owes the second largest economy in the world 42.6 billion dollars. Although Ethiopia owes only a little...

Mar 4 , 2023

Nature May Cause Drought; Famine Results from Political Failure

Once again, Ethiopia has claimed international attention in the past few weeks for reasons that are rather unsavoury. A few weeks after the federal authority's declaration the country has joined a lis...

Feb 25 , 2023

What Internet Shutdown Posit about Ethiopia’s World Standing?

Millions of people in Ethiopia have continued to be deprived of access to information. For weeks, they have been unable to access their social networks through digital platforms like Facebook, Tik Tok...

Feb 18 , 2023

Exploring Green Bonds for an Economy in the Red Zone

Ethiopia's macroeconomic landscape is known to be devoid of a monetary policy arsenal to deal with headwinds. Once touted as one of Africa's fastest-growing economies, the country and its leaders h...

Feb 11 , 2023

Empathy Required from Those in Dividing Lines

Compassion is a state of mind unable to bear the sufferings of others. If we all have more compassion, there would be greater peace in the world." Dalai Lama Once again, the vectors of turmoil...

Feb 4 , 2023

Students' Failure to Enter College Manifests Deep Cuts in Society

Rene Lefort is a French journalist with a keen interest in Ethiopia, spanning over half a century. His regular and extensive writings on abounding things in Ethiopia reflect his understanding of nuanc...

Jan 28 , 2023

Can Mamo Overhaul the Central Bank? It’s Long Overdue.

It is not common to see an appointment for a senior federal government office stir debates and controversies. Parliamentarians may grumble about the background and experiences of ministers during conf...

Jan 21 , 2023

What Organising, Operating Principles Prosperitians Follow?

Eyob Tekalign, state minister for Finance, took to social media platforms last week to sanitise the speculative market of an impending devaluation of the Birr against a basket of major currencies. He...

Jan 14 , 2023

Giving Ethiopia’s Tactical Peace Strategic Substance

The longing for normalcy and a semblance of individual and collective security in Ethiopia has been frustratingly long. However, if the quest for peace has anyone personifying it, Derartu Tulu, an...


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Banks Ride the Waves of Change Grappling with Growth, Risk


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Banks Ride the Waves of Change Grappling with Growth, Risk

Tauted as a somnolent giant, Ethiopia's financial scene now stirs, roused by favourable de...

Editorial | May 27 , 2023

Persistent Price Increase Strangles Holiday Consumers

Abdulkarim Murad, 23, vehemently bargains the price of sandals with the vibrant vendor tha...

Featured | Apr 22 , 2023 . By BEMNET TAFESSE

Moving Woes

In the bustling streets of Addis Abeba, an undercurrent of unease shadows the necessary ac...

Agenda | May 27 , 2023 . By BEMNET TAFESSE

ZEMEN'S SKYWARD AMBITION

In a triumph over the trials of the pandemic, a rising tide of construction costs and infl...

Fortune News | May 27 , 2023