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INFLATION FURNACE


INFLATION FURNACE

Around Qera, a man cracks up a tiny bonfire in a spirited attempt to render the metallic wires malleable for reuse. Metal scraps became prized inputs after the Ministry of Mines ordered local steel manufacturers to source inputs from domestic markets as they bemoaned forex shortages. While the price of imported steel has relatively stabilised over the past year due to contraband flooding the market, most construction projects are in limbo due to an orientation towards tight monetary policy. Local steel manufacturers who require significant inputs for their production are working at a quarter of their capacity amid the cocktail of challenges.

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In-Picture

LIBRARY MILESTONE

Ervin Massinga (left), U.S. Ambassador to Ethiopia, and Kora Tushune (right), State Minister of Education, during the 60th anniversary celebration of the John F. Kennedy Memorial Library at Addis Abeba University last week. The event highlighted the flagship library's enduring legacy as the university's primary academic hub, continuing to provide thousands of students with a welcoming, state-of-the-art space to study, research, and collaborate...


In-Picture

PAW PATROL

A line of young volunteers, barely into their teenage years, hold hands at a zebra crossing near the “Sidist Kilo” roundabout along Algeria Street, keeping pedestrians from crossing while the traffic light is green for vehicles. The children are spending their summer volunteering to help keep traffic moving, taking on a responsibility usually left to adults. What is meant to be a moment when parents guide children across the road is, in this case, turned on its head, as the children help man...


In-Picture

SERVING LOVE

A man gazes upward at the tennis ball before unleashing a fierce serve at the Tennis Club in the heart of Addis Abeba, beside Ghion Hotel along Ras Damtew Street. Established in 1970 during the reign of Emperor Haile Selassie, the club traces its roots to the early 1960s, when it was known as Filweha Tennis Club, while the sport itself had reached the capital decades earlier through the Olympiakos Greek Club in the 1930s and an earlier tennis ground established in 1949. For the players, the scor...