A musician in the street around Haya Hulet Mazoria is entertaining passersby with his Kirar and small drums. The small box set in front of him allows those who like his music to show their appreciation.
STREET JAM
A musician in the street around Haya Hulet Mazoria is entertaining passersby with his Kirar and small drums. The small box set in front of him allows those who like his music to show their appreciation.
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...
Abyssinia Group of Industries (AGI), a leading East African steel producer, is poised for significant expansion owing to a proposed investment from the International Finance Corporation (IFC) which is considering a financing package of up to 50 million dollars, including parallel loans in local currency. Headquartered in Kenya, AGI operates two steel plants in Ethiopia, six in Kenya, and has mining activities in Uganda.
AGI currently produces 660,000 metric tons of steel annually and employs...
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...
Total cases Reported In Ethiopia: New cases Reported In Ethiopia: Critical in Ethiopia: Active cases Reported In Ethiopia: New Deaths Reported In Ethiopia: Total Deaths Reported In Ethiopia: Total Recovered Reported In Ethiopia:
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