Bloomberg-Backed Training Seeks Boosting Financial Journalism


A new financial journalism training program expected to boost the country's emerging capital markets kicked off last week. The initiative, a partnership between Bloomberg Media Initiative Africa (BMIA), Addis Abeba University, and Unity University, seeks to equip journalists with the tools to accurately and comprehensively report on the country's financial landscape. The seven-month training program is expected to start in September. It has been in the works for over a year following an invitation from the Ethiopian Capital Market Authority (ECMA) and offers a comprehensive curriculum covering financial reporting, data analysis, and economic policy. Funded by Bloomberg Philanthropies, with support from the Ford Foundation and the Stavros Niarchos Foundation, the training is BMIA's signature program, developed to increase the pipeline of skilled financial journalists and analysts embracing a data-driven journalism culture across Africa. It was launched at Hyatt Regency, and saw the attendance of officials such as Hana Tehelku, director general of the Ethiopian Capital Markets Authority, and Aguil Deng senior program manager at Bloomberg LP. According to Christine Mwangi, secretariat director of Strathmore Business School, trainees will benefit from the expertise of business journalists and industry leaders, as well as hands-on experience with the Bloomberg Terminal while philanthropic partners are covering the tuition and program costs, ensuring accessibility.


Radar

With New Tariffs, Trump Upends Decades-Old Ethiopia Trade Preferences

The Trump Administration has unexpectedly included Ethiopia in the list of countries subjected to new trade measures, imposing a 10pc levy on Ethiopian imports into the United States while granting a reciprocal 10pc tariff on American goods headed to Ethiopia. The move marks an unanticipated shift in Washington's approach to Addis Abeba, which for years benefited from duty-free access under the African Growth & Opportunity Act (AGOA). The tariff-free provisions had propelled apparel expor...


Radar

Unilever Ethiopia Eyes Triple Sales Under New Executive

Unilever Ethiopia plans to triple its annual sales within the next five years, aiming to reach 200 million euros. The growth push is led by 42-year-old Nesibu Temesgen, who took the top job this month, as the first Ethiopian national to claim the top executive position in the company. Unilever, a multinational company operating in more than 190 countries, established its Ethiopian presence in 2014. From its base in the Eastern Industrial Zone near the town of Modjo, the firm produces recognis...


Radar

EU Grants Ethiopia a 240 Euro to Support Key Sectors

Financial Assistance Targeted at Agribusiness, Digital Expansion, and Democratic Institutions The European Union (EU) has agreed to provide Ethiopia with a grant of €240 million to support development initiatives across key sectors. This financial assistance will primarily bolster projects in agribusiness, enhance digital competencies, and strengthen democratic institutions. Furthermore, the agreement will support public administration and facilitate efforts to promote stability and reco...