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Sep 8 , 2024

The Road Ahead Remains Difficult. So Are Rewards for Getting It Right Profound

Prime Minister Abiy Ahmed's (PhD) visit to China last week could mark a watershed moment for his country, not only because he led a large delegation to Beijing, but due to the broader context of Afric...

Sep 1 , 2024

Addis Abeba's Gleaming Makeover Shouldn't Leave the Vulnerable Behind

Addis Abeba's skyline is being dramatically altered. Once characterised by unremarkable buildings and dusty roads, Africa's political and diplomatic capital now greets visitors with a spectacle of aff...

Aug 25 , 2024

Addis Abebas Light Rail Dream Turns into a Clunky Nightmare. It Shouldn't.

It may appear distasteful, unappealing and cumbersome to sight. But, the Addis Abeba Light Rail Transit (AA-LRT) stands as a concrete symbol of Ethiopia's ambitious attempt to shake off its image as a...

Aug 18 , 2024

Heavy-Handed Play to Tame Market 'Villains' in Reform's Name Hardly Works

The economy is in turmoil, and describing the situation as merely dire could be an understatement. The federal government's response to the unfolding crisis has been to clamp down on businesses, targe...

Aug 10 , 2024

Audacious Move Taken to Free an Economy Long Anchored in Captivity

The past few weeks have been anything but uneventful on the economic front. Across the board—from wage earners to business leaders and policymakers—there has been a discernible apprehension as eve...

Aug 3 , 2024

Will the Belated Baptism Float or Flounder the 'Brewed Buck'?

Much like the unpredictable brew of a strong coffee from the Ethiopian highlands, the Brewed Buck has experienced unprecedented fluctuations in over half a century. On Wednesday of last week, the rate...

Jul 27 , 2024

Birr's Leap of Faith Betting on a Dirham Deal

National Bank Governor Mamo Mehiretu recently etched his name in the annals of Ethiopia's central banking by signing a memorandum of understanding with Khaled Mohammed Balama, governor of the United A...

Jul 20 , 2024

Short Circuited Policy Roulette Shock Businesses, Stall Progress

In a volatile economic environment, sudden policy reversals leave businesses reeling and progress impeded. Businesses and investors alike struggle with an environment where predictability is a luxury...

Jul 13 , 2024

Political Uncertainty, Economic Volatility Manufacturers Battle on Two Fronts

Policymakers are walking a tightrope, struggling to generate growth and create millions of jobs while tackling budget deficits, trade imbalances, debt servicing, and runaway inflation. These are probl...

Jul 7 , 2024

Bulging Budget Obscures Deepening Fiscal Battle for Value

The federal budget has crossed a symbolic threshold, approaching the one trillion Birr mark at 971.2 billion Br, equivalent to 16.7 billion dollars at last week's official exchange rate. The exponenti...

Jun 29 , 2024

Autonomy in Action: Will Mamo Mihretu Redefine the Central Bank?

In a spirited bid for autonomy, the National Bank of Ethiopia (NBE), under its youngest Governor yet, Mamo Mihretu, aspires to redefine its relationship with the government, the public, international...

Jun 22 , 2024

From Waning Inflation to Fiscal Strain, Budget Bill Walks Between Hope, Affliction

Ethiopia's economic reality is a study in contrasts. Positive signs, such as declining inflation rates for food and non-food items, could imply that monetary policy measures might have restrained pric...

Jun 15 , 2024

Will Ambitious Liberalisation Drown in a Sea of Bureaucratic Ineptitude, Corruption?

The Central Bank has tabled a draft banking proclamation to commercial bank executives, signalling the onset of reform its Governor, Mamo Mehiretu, has been promising since his appointment last year....

Jun 8 , 2024

Sky-High Interest Rates, Fiscal Folly Uncover Deep Economic Distress

Ethiopia's businesses face an increasingly arduous task in securing loans, as capital emerges as one of the priciest commodities in the market. Borrowing costs are exorbitant, with commercial loan int...

Jun 1 , 2024

Beneath the Surface Fundamentals Unmask a Facade of Progress Amid Despair

Ethiopia appears to be mired in a vicious economic cycle - rather a negative dynamic - characterised by low productivity, high unemployment, cantering inflation and declining exports, exacerbated by r...

May 25 , 2024

Celebrating Inflation "Triumphs" While the Economy Gasps for Air

For a long time, the debate among Ethiopia's policymakers and those in the academia centred on the effectiveness of monetary policy measures in impacting the real economy, particularly inflation. In a...


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At first light in Addis Abeba's Qality District, the smell of freshly roasted Yirgacheffe...

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