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African Perspectives Debunks Biases, Maps Shifting Global Terrain


African Perspectives Debunks Biases, Maps Shifting Global Terrain

The growth of extremism across Africa was indicated as an alarming development, at the first of what will become a monthly gathering centred around global challenges and emerging geopolitical trends hosted by the Belgian Embassy. A need to revise European biases in viewing Africa as a country and not a continent, its residents as passive victims, its leaders as representatives of their people and the self-perception of 'good samaritan' by Westerners was forwarded. As part of the "Geopolitical Conversations in Addis Abeba" series, two professors from the Egmont Institute of International Relations highlighted the evolving dynamics of politics, trade and an increasingly multipolar world, which inspired lively discussions under Chatham House Rules. Participants s The discussion last week pitted the demerits of Western policy, marked by high-interest loans to developing countries in Africa, to the infrastructure targetting adjustable loans that China provides. Ideas revolved around pressures on the existing world order, which was birthing a new balance of power marked by a shift from the post-Second World War domination of the West and the recent reshuffle in trade dynamics caused by the Russo-Ukraine war.

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Customs Authorities Intercept Major Alleged Contraband Shipment Worth 422 Million Br

The Customs Commission seized alleged contraband goods worth more than 422 million Br during inspections conducted between June 25 and June 30, 2026. The haul included clothing, electronics, ammunition, construction materials, coffee, vehicle spare parts, cosmetics, khat, narcotics, minerals, livestock and foreign currency. The Addis Abeba Airport, Moyale and Awash customs branches recorded the largest seizures, valued at 115 million Br, 93 million Br and 61 million Br, respectively. Authorit...


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Hijira Bank Posts Record Growth as Assets Reach 31.45 Billion Br

Hijira Bank posted 3.55 billion Br in income in 2025/26, exceeding its combined earnings over the previous four years, while gross profit reached 1.9 billion Br. Assets rose 115pc to 31.45 billion Br, deposits doubled to 24 billion Br, and capital increased 202pc to 7.45 billion Br. Digital transaction value surged 86pc to 41.72 billion Br, foreign currency earnings reached 158 million dollars, and total banking transactions hit 615.39 billion Br. The bank also disbursed 1.5 billion Br in col...


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Gadaa Bank Offers One Million Shares to Public Investors

Gadaa Bank has offered one million shares to the public at 1,050 Br per share following approval from the Ethiopian Securities Exchange (ESX) on June 22, 2026. The share sale keeks to expand the bank's capital base and strengthen shareholder value. The offering will run until September 17, 2026, and is open to existing shareholders and new investors who meet ESX requirements. It is open to existing shareholders and new investors who meet ESX requirements...