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

FUEL-FREE TAXI

Around CMC, two men haul heavy sacks atop their heads and shoulders, choosing the grueling burden over costly transport fares. The spike in fuel prices has pushed vehicle costs beyond reach, turning a simple journey into a heavy load carried step by step. Their weary figures tell a story of stubborn resilience, bearing weight not just in sacks but in the relentless climb of daily expenses, proving how far people will go to keep moving forward, no matter the cost. ...


In-Picture

BUS BLUES

As the daily grind winds down, a tide of workers and street hustlers floods toward Legehar transport terminal, each hoping to beat the odds and make it home in time for dinner, small talk, and a few hours of rest before the cycle restarts. But dreams of a smooth ride stall fast. With bus shortages and terminal reforms jamming the system, mothers, fathers, and young adults are left stranded on the curb, staring down the asphalt like it owes them an explanation. The wait drags on, turning the end...


In-Picture

Harvesting Finance

From left: Agriculture Minister Girma Amente (PhD), Finance Minister Ahmed Shide, and National Bank Governor Mamo Mihretu during the second Ethiopia Finance Forum on July 22, 2025, at Commercial Bank of Ethiopia's HQ located around Ras Abebe Aregay St. Officials unpacked the National Agri-Finance Implementation Roadmap (NAFIR), a push to widen credit access for inputs like irrigation, livestock, and mechanisation. Despite making up 32pc of GDP and 64pc of employment, agriculture secured just 8pc...