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Shades

Faced with a scorching sunny season, residents of Addis Abeba have been looking to buy sunglasses, and the black market has answered the call.

Shades

Faced with a scorching sunny season, residents of Addis Abeba have been looking to buy sunglasses, and the black market has answered the call. These vendors in Qera are displaying various colours and shades of sunglasses to prospective buyers, One of the vendors himself is wearing sunglasses, two of them.

Radar

National Bank Injects Millions Through Foreign Currency Auction

The National Bank of Ethiopia (NBE) is continuing its push to stabilise the foreign exchange market, injecting millions of dollarss into the economy through a series of currency auctions. According to official data, the latest auction was held on May 7, 2025, during which 60 million dollars was supplied to 16 participating banks at an average exchange rate of 132.9643 Br per dollar. In the previous month, the NBE held two auctions: 70 million dollars was offered on April 16 to 26 banks at an...

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Radar

Authority Investigates Genesis Investment, Ermias Amelga Over Unlicensed Schemes

The Ethiopian Capital Market Authority (ECMA) has opened an investigation into suspected illegal fundraising by individuals and companies operating without proper authorisation. In a statement issued on Thursday, the Authority confirmed that prominent businessman Ermias Amelga and Genesis Investment Services PLC are among those under scrutiny for allegedly conducting unlicensed securities offerings in violation of capital market laws. ECMA said the investigation is being carried out in acc...

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Radar

Hosanna City Initiates Project to Improve Sanitation Infrastructure

Hosanna City has initiated a comprehensive sanitation project valued at over 534 million Br, focused on enhancing hygiene standards, modernising infrastructure, and mitigating water-related health risks. The project was officially launched by Central Ethiopia Regional President Dr. Endashaw Tasew and Water and Energy Minister Dr. Habtamu Itefa. Funding is provided by the Italian government in collaboration with regional contributions. Under the oversight of the Ministry of Water and Energy, t...

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