OPEN AIR SCHOOL

A painter priest around Lalibela is teaching the students to recite “Dawit” (the Psalms). As he listens to them reciting the psalms by heart, he draws paintings which he puts on display nearby.


OPEN AIR SCHOOL

A painter priest around Lalibela is teaching the students to recite “Dawit” (the Psalms). As he listens to them reciting the psalms by heart, he draws paintings which he puts on display nearby. He mostly draws portraits of saints on leather canvasses. His drawings attract sales from tourists visiting the historical site who are always on the lookout for souvenirs.


Radar

Parliament Nods for Cabinet Appointments

Federal legislators have approved five cabinet-level positions last week with a member of Parliament (MP) voted against and two abstentions were counted. Gedion Timotheos (PhD) leads the charge as the new minister of Foreign Affairs, filling in Taye Asqeselassie's shoes, where he stayed briefly before becoming the country's president. With law degrees from Addis Abeba and Central European universities, Gedion was previously Attorney General and Minister of Justice. Joining him in the redev...


Radar

Abyssinia Group Eyes Expansion with IFC Funding

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Radar

Fitch Acknowledges Easing Financial Pressures, Enhanced Macroeconomic Stability

Fitch Ratings has upgraded Ethiopia's Long-Term Local-Currency Issuer Default Rating (LTLC IDR) to 'CCC+' from 'CCC-', citing easing financing pressures, improved macroeconomic stability, and increased confidence that local-currency obligations will not be part of the ongoing debt restructuring. This positive development comes as the government implements key reforms and secures renewed concessional external financing. The ratings agency has taken note of the introduction of a market-based ex...


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